India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
India's ₹9,150b power grid push could drive new aluminium demand
India's planned transmission investment and renewable-energy expansion could lift aluminium consumption in electrical applications to 4 million tonnes by FY30. India's push to expand its electricity transmission network is emerging as a major potential growth driver for aluminium, with the...
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India: Imported aluminium scrap prices remain range-bound w-o-w amid year-end uncertainty
Imported aluminium scrap prices in India remained range-bound w-o-w, with variations by up to 2 per cent, amid slow trading activity, which has caused market uncertainty towards the year-end. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm...
Indian aluminium industry: Is the fight for higher import duties justified?
The Indian aluminium industry has been encountering challenges in recent times, principally due to the surge in competitively priced imports from countries like China. The industry has been advocating for higher import duties to level the playing field and protect domestic producers. But is it at...
Red mud generation trend across major countries, 2018 to 2023
Bauxite residue, commonly known as red mud, is a highly alkaline by-product generated during the Bayer process of alumina extraction from bauxite ore. With global alumina production steadily increasing to meet the demands of various industries, the volume of red mud produced has surged...
India becomes preferred clean tech investment hub, $2.4 billion raised in Q3
India has emerged as one of the leading destinations for clean technology funding, surpassing China in recent months. This shift has been fuelled by efforts to enhance domestic green manufacturing and attract global investors. In the third quarter, India emerged as the second-largest market for...
China’s aluminium foil exports grow in October; Uptick to continue to avoid increased costs for export tax rebate cancellation
Based on China Customs data, the Shanghai Metals Market reported the country’s aluminium foil exports in October 2024 saw a month-on-month increase of 8 per cent and a year-on-year hike of 27 per cent, totalling 134,200 tonnes. The average cost of China’s aluminium foil export was $3,625 per tonne...
Renewable energy adoption, record-breaking production, and nearing 10 billion EBITDA target is all about Vedanta’s FY2025
Vedanta Aluminium, India's largest aluminium producer and one of the leading global players in the industry, has garnered worldwide attention this year with its bold moves towards sustainability and highest-ever half-yearly production. Indeed, the company has marked several milestones from the very...
India: ADC12 aluminium alloyed ingot prices remain rangebound
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w in both the northern and southern regions of India, largely due to ongoing sluggish demand in the automotive sector and a considerably weakened export market. Prices of OEM-approved ADC12 were at INR 209,000/t ex Delhi and INR 210,000/t...
India: Imported aluminium scrap prices remain range-bound w-o-w amid slow trading
Imported aluminium scrap prices in India remained range-bound w-o-w, with variations by up to 1.3 per cent, amid slow trading activity. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while Zorba 95/5 from the UK stood at $2,100/t,...
Sijimali bauxite project: Vedanta’s commitment to tribal welfare and sustainable progress
In a groundbreaking move that promises to transform the socio-economic fabric of Odisha’s tribal heartland, the Indian multinational mining and metal house Vedanta is set to commence operations at the Sijimali bauxite block, spanning the Kalahandi and Rayagada districts. This initiative, positioned...
August 2024: Increased aluminium scrap exports to India and Malaysia bring stability to the United States' monthly exports
Aluminium scrap exports from the United States stabilised in August 2024, following two months of decline. According to the US Census Bureau survey, the export volume remained at 168,000 tonnes in August, unchanged from July's figures. Back-to-back, in June and July, the United States' aluminium...
Indian aluminium market sees uptick as China sustains robust demand; transnational influences weigh in
In a recent development in the Indian aluminium industry, prices rose by 0.12 per cent to settle at INR 242650 per tonne, driven by sustained demand from China, the world's largest aluminium consumer. As a lump sum quantity of the non-ferrous metal is being exported to the neighbouring country,...
Mumbai's Metal Fairs: A 3-Day trendsetting extravaganza of innovation, networking, and business
From November 27 to November 29, 2024, the amalgamation of four metal fairs — International Exhibition for Metallurgical Technology (METEC) India, Tube India, wire India and India ESSEN WELDING & CUTTING took place in Mumbai's Bombay Exhibition Centre (NESCO). This marked the return of the fair to...
This Indian metro adopts advanced aluminium third rail for efficiency and eco-friendliness!
Kolkata Metro Railway's plan to replace steel third rail with advanced aluminium ones turns into reality as the Indian Railway's division successfully completes the third phase of the upgrade. Sanctioned in 2012, the project was to include an advanced aluminium third rail instead of the prior steel...
AAI: Anti-dumping duty on Chinese solar components a game changer for domestic aluminium producers
The Aluminium Association of India (AAI) welcomes the Indian government's decision to impose anti-dumping duties on Chinese anodised aluminium frames used in solar components. This measure is anticipated to strengthen the domestic aluminium industry by limiting low-cost imports, improving market...
TII to enter the South Korean market with KCAL India acquisition
In a strategic move poised to reshape the automotive HVAC segment, Tube Investments of India (TII) has signed a definitive agreement to acquire a 67 per cent equity stake in KCALtech System India (KCAL India), a subsidiary of South Korea-based KCAL Korea. This acquisition signals TII’s intent to...
India: Gumla district administration targets illegal bauxite mining, files FIR against company
The Gumla district administration of Jharkhand, India, has taken swift action, culminating in filing an FIR against the offending mining company on November 28, 2024, reflecting a firm stance against illegal mining practices. The operation was led by the Gumla Divisional Forest Officer (DFO), which...
India: ADC12 aluminium alloy ingot prices remain stable w-o-w
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w across both northern and southern regions in India, largely due to ongoing sluggish demand in the automotive sector and a weakened export market. BigMint's weekly assessments for ADC12 (non-OEM) grade stood at INR 201,000/tonne (t) in...
Cliantech bags multi-gigawatt deal from INA Solar, boosting renewable energy capacity
Cliantech Solutions, a leading supplier of solar module manufacturing equipment, has secured a multi-gigawatt order from solar PV module producer INA Solar. This partnership is set to boost production capacity and address the increasing demand for solar energy solutions. The collaboration marks a...
