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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Top five destinations of the United States aluminium exports during H1 2024
The United States of America, with an impressive economic size of US$26.95 trillion (as of 2023), ranks among the world’s leading aluminium producers, consumers, and exporters. Based on AL Circle’s research, the United States is the second-largest producer of aluminium extrusion and scrap and the...
US includes aluminium solar racking rails into final anti-dumping duty determinations
In the final determinations concerning the anti-dumping and countervailing duty investigations for aluminium extrusion imports, the U.S. Department of Commerce has named fourteen countries that have sold, dumped, and subsidised aluminium extrusions into the United States, violating international...
China’s aluminium extrusion exports gain M-o-M in August, with India replacing Vietnam as the highest export destination
According to China customs data, the country's aluminium extrusion exports (HS code: 76041010, 76041090, 76042100, 76042910, 76042990) gained month-on-month in August 2024 after facing a significant decline in the previous month. Growing by 9.85 per cent over a month, China's exports stood at...
Maan Aluminium is the only Indian aluminium extrusion exporter with a 0% dumping rate
On Friday, September 27, the United States Department of Commerce announced its final verdict in relation to the anti-dumping and countervailing duty investigations for aluminium extrusion dumping from several countries, including India. In the verdict, the department named Maan Aluminium as the...
NALCO's FY 2023-24 net profit hits INR 2,060 crore amid strong sales and export growth
The Indian public sector company National Aluminium Company Limited (NALCO), under the Ministry of Mines, delivered a positive financial performance for the fiscal year 2023-24. The company recorded a sales turnover of INR 13,149 crore (USD$ 1.57 billion), reflecting its continued strength in the...
Vedanta's quality triumph: Complies with government order on aluminium wire rods & rolled products
In a significant milestone for the Indian aluminium industry, Vedanta Aluminium, the nation's leading producer, has taken the lead in receiving the prestigious Bureau of Indian Standards (BIS) certification for its aluminium wire rods and rolled products (sheets. plates and strips) as the...
Jamie Dimon highlights global economic complexities, praises the resilience of U.S. and Indian economies
In a recent conversation with one of the leading Indian news media, Jamie Dimon, a seasoned financial expert and the CEO of JPMorgan, shared his insights on the global economy's challenges. He underscored that despite lingering concerns over inflation and recession, the U.S. and India are...
CCI greenlights Craftsman Automation’s acquisition of Sunbeam Lightweighting
The Competition Commission of India (CCI) has approved Craftsman Automation to acquire 100 per cent of the share capital of Sunbeam Lightweighting Solutions. Craftsman Automation Ltd, a publicly listed company in India, operates across diverse sectors, including powertrain, aluminium products, and...
Vedanta Aluminium to fastrack coal transportation with the new Sardega-Bhalumuda rail project
On Friday, September 20, Vedanta Aluminium officially confirmed that the new 37-km long Sardega-Bhalumuda rail project connecting Odisha and Chhattisgarh, once operational, would establish a smooth and faster transportation of coal from the company’s mines. Recently, the Cabinet Committee on...
BIKAR Aerospace Metals expands global footprint with new production facilities in Bristol and Belagavi
BIKAR Aerospace Metals, a leading supplier of aerospace aluminium, is expanding its operations with two new production facilities in Bristol, UK, and Belagavi, India, at AEQUS. These strategic investments reflect the company’s commitment to strengthening its presence in global aerospace markets....
Euro Panel Products Ltd. integrates India’s most advanced coil coating line in INR 30 crore investment to boost make-in-India initiative
Euro Panel Products Ltd, which owns EUROBOND - one of India's leading aluminium composite panel brands- today integrates India’s most advanced coating line with an INR 30 Crore investment. The development aims to strengthen the make-in-India initiative, with a significant capacity of 750 tonnes...
Calderys invests in a major single-site greenfield plant in India
Calderys has reached a significant milestone in its global growth strategy with the commencement earlier this year of a project in the state of Odisha, India. This project will be the world's largest single-site greenfield plant dedicated to refractories and steel casting fluxes. It represents a...
Brijendra Pratap Singh selected as next Chairman-cum-MD of NALCO
The Public Enterprise Selection Board (PESB), a high-powered body constituted by the Government of India, has selected Brijendra Pratap Singh as the next Chairman-cum-Managing Director (CMD) of National Aluminium Company Limited (NALCO), a Schedule 'A' Central Public Sector Undertaking (PSU)....
Vedanta Aluminium responds to process water storage facility breach; prioritises community support
Vedanta Aluminium, India's largest producer of aluminium, is actively addressing a breach of its process water storage facility at its Lanjigarh alumina refinery in Odisha, which occurred during the early hours of September 15, 2024, due to unprecedented rains in the area. This extreme weather...
Shyam Metalics expects exceptional growth through FY29 driven by expansion into aluminium and stainless steel sectors
Shyam Metalics and Energy anticipates significant growth through FY2029 based on strategic expansions in product lines and advanced technology integration into operations. The company’s entry into the aluminium and stainless-steel business is also expected to contribute to the anticipated growth as...
Vedanta Aluminium unveils two new products for high-precision use in the power sector
Vedanta Aluminium, a business of Vedanta Limited and India's largest aluminium producer, has reportedly launched two new ranges of wire rods at PowerEdge 2024. One is AL59 Ingot, and the other is an electrical conductor (EC) grade wire rod. The AL59 Ingot is ideal for remelting as it offers...
Easy Boba leads the way in eco-friendly packaging with aluminium lids & biodegradable straws
Easy Boba, a fast-growing bubble tea brand renowned for its diverse selection of fruit, milk, and bubble teas, has made a bold move toward sustainability. The Mumbai-based company has introduced PET cans with aluminium lids and biodegradable rice straws in an effort to minimise waste within the...
Russian aluminium stocks rise to 67% in LME warehouses, Indian share declines
According to data from the London Metal Exchange (LME) released on September 10, 2024, the proportion of aluminium stocks of Russian origin in LME-approved warehouses increased to 67 per cent in August, up from 65 per cent in July. The share of aluminium originating from India dropped to 31 per...
