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...
Grow with
AL Circle
Nalco on track to meet annual aluminium production target
The Indian public-sector integrated aluminium company National Aluminium Company Limited (Nalco) has reported significant progress in its production operations for the current fiscal year, achieving 97 per cent of its production capacity target as of August 16. The company’s GGM(Smelter) and EPO -...
Rising operational costs weigh down MAAN Aluminium’s financial performance in Q1 FY2025; Revenue drops 14.75%
MAAN Aluminium, a leading aluminium extrusion manufacturing company, has declared its financial results for the first quarter of the fiscal year 2024-25. In the report, MAAN Aluminium highlighted that its revenue decreased by 14.75 per cent year-on-year, totalling INR 176.78 crore versus INR 237.4...
Luca Zipponi takes helm as the new CEO of rolled products division at Vedanta Aluminium
Vedanta Aluminium, India’s leading aluminium producer, has appointed Luca Zipponi as the CEO of rolled products. In his new role, Luca will lead the growth and manage all operations for this product group, which serves sectors including automotive, insulation, power projects, electrical, and...
Indian Railways cancels aluminium-bodied Vande Bharat train tender over pricing issues
Indian Railways has cancelled its INR 30,000-crore tender for the production and upkeep of 100 aluminium-bodied Vande Bharat trains, according to Olivier Loison, Managing Director of Alstom India, stated to one of India's No. 1 financial and business portals. Indian Railways is the fourth largest...
WiWA-certified aluminium doors and windows producer to establish India’s first Fenestration Centre of Excellence
Eternia, a leading brand in India renowned for its WiWA-certified aluminium doors and windows crafted from Duranium—a patented aluminium alloy by Hindalco—has signed a Memorandum of Understanding (MoU) with the Furniture and Fittings Skill Council (FFSC). This collaboration will establish India’s...
Despite Russian aluminium stocks growing to 65%, total LME warrant inventories decline in July
The share of Russian aluminium stocks on the London Metal Exchange-approved warehouses continued to increase in July 2024, accounting for 65 per cent of the total stocks. In June, the share of stocks of Russian origin on the London Metal Exchange was 50 per cent after rising from 42 per cent in...
NALCO records strong Q1 profit growth, revenue dips 10%
The Indian State-owned integrated aluminium company NALCO has reported a substantial 76 per cent increase in its first-quarter (APR-JUN FY25) profit, reflecting the impact of higher aluminium prices and reduced costs. For the quarter ending June 30, the state-owned firm's consolidated profit surged...
Hindalco's Baphlimali Bauxite Mine shines with 5 Star rating in environmental excellence
As a testament to its exemplary mining practices, Baphlimali Bauxite Mine of Utkal Alumina, a subsidiary of Hindalco Industries Limited, has been awarded the 5-Star Rating Award. This award, bestowed by the Ministry of Mines, Government of India, highlights the mine's outstanding performance in...
India’ADC12 aluminium ingot price declines m-o-m amid weakening scrap market
Aluminium ADC12 prices were recorded at INR 219,000 per tonne ex Delhi, a decrease of INR 2,000 per tonne m-o-m, as per BigMint assessment. In Chennai, prices were recorded at INR 218,000 per tonne, a drop of INR 1,000 per tonne m-o-m. However, bids are INR 3,000-4,000 per tonne lower. Better...
India’s imported aluminium scrap prices fall by upto 1.6% amidst stable LME prices
India has experienced a drop in imported aluminium scrap prices week-on-week, influenced by stable LME prices. This week, prices for all grades have decreased by up to 1.6 per cent, creating market uncertainty and prompting a cautious stance among participants. Three-month LME aluminium prices...
US aluminium scrap exports see Y-o-Y growth from Jan to May 2024, driven by shifts in Thailand's consumption patterns
In the wake of increased aluminium scrap generation, the United States' aluminium scrap exports experienced an annual growth of 9,000 tonnes or 1.05 per cent during the first five months of 2024. According to the US Census Bureau survey, the United States' year-to-date aluminium scrap generation...
Disrupted global trade routes fuel India’s aluminium alloyed ingots import by 60% in H1 2024
India's imports of alloyed aluminium ingots soared by 60 per cent in the first half of 2024, reaching approximately 112,158 tonnes compared to 70,780 tonnes during the same period in 2023. In the first half of 2024, alloyed ingots constituted a significant portion of the country's aluminium...
Vedanta Ltd posts a 37% rise in net profit for Q1 FY2025, contributed by aluminium business
On Tuesday, August 6, billionaire Anil Agarwal-led Vedanta Limited published its first quarter results ended June 30, 2024, emphasising increased net profit and revenue from operations, attributed to elevated metal prices. In Q1 FY2024-25, Vedanta generated a consolidated net profit of INR 3,606...
Vedanta Aluminium appoints Ravi Paliwal as CEO, Ash Management
Vedanta Aluminium, India's largest aluminium producer, announced the appointment of Ravi Paliwal as CEO of Ash Management. Ravi will oversee ash management operations, focusing on leveraging technology and processes to enhance resource efficiency and explore new avenues for utilising the voluminous...
Utkal Alumina hosts Annual Entrepreneurship Conclave to foster young entrepreneurs in tribal hinterland
Utkal Alumina, a subsidiary of Hindalco Industries Limited, organised an Annual Entrepreneurship Conclave under Project Udyamee on July 27, 2024, at Rayagada, focusing on empowering communities and driving inclusive growth. About 283 entrepreneurs attended the event, showing great enthusiasm and...
Maharashtra, India: Nanar community unites to oppose bauxite mining
For years, the residents of Nanar in Maharashtra's Ratnagiri district in India have stood united against the environmental threat posed by a proposed oil refinery project. Now, they are gearing up for another significant fight against bauxite mining. The Maharashtra Pollution Control Board (MPCB)...
Africa & Asia’s alumina production in H1 2024 advanced 9.5% Y-o-Y, boosting contribution to global output
In the first half of 2024, alumina production in Africa & Asia (ex-China) demonstrated an annual increase of 9.48 per cent, primarily due to robust output in the first quarter. According to the International Aluminium Institute, Africa & Asia’s alumina production in Q1 was 7.9 per cent higher than...
Upstream Weekly Recap: India grab global highlight with 1.2% growth in aluminium production; Vedanta’s demerger plan receives greenlight
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. To begin with, India has secured a significant global position as the second-largest aluminium producer. The rise in aluminium production indicates robust economic...
