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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Vedanta's demerger gets the go-ahead from India's leading stock exchanges
On July 31, 2024, Vedanta Ltd. announced it had received clearance from the leading stock exchanges, BSE and NSE, for its proposed demerger. The approval marks a crucial step in Vedanta's plan to split into six independent listed companies, including aluminium, oil, and gas. According to a...
India remains the world’s second-largest primary aluminium producer, recording a 1.2% output growth in Q1
India has witnessed a continued increase in metals and minerals production during the first quarter of FY2024-25, following a record output level in FY2023-24, said the Ministry of Mines in a statement on Thursday, August 1. According to the data revealed by the Ministry of Mines, India’s primary...
Vedanta Aluminium receives BIS certification for high-quality 12 mm aluminium wire rods
Vedanta Aluminium has received a certification from the Bureau of Indian Standards (BIS) for its 12 mm aluminium wire rods manufactured at the BALCO facility in Korba, India. In addition, the company has acquired six renewed certifications for other products. Vedanta had launched these 12 mm wire...
India’s ADC12 aluminium ingot price declines W-o-W owing to weakening raw material prices
Spot prices of aluminium ADC12 alloy ingots (non-OEM) in Delhi NCR and Chennai fell w-o-w, as per BigMint's latest assessment. In the Delhi-NCR region, ADC12 spot prices were assessed at INR 209,000 per tonne ex-Delhi, aligning with domestic tense scrap prices, which settled at INR 175,000 per...
EU carbon tax proposal offers no real benefit for Indian exporters: Think Tank GTRI
In a recent statement, the Global Trade Research Initiative (GTRI) highlighted that the European Union's suggestion for India to impose a local carbon tax as a workaround to the EU's upcoming carbon tax would offer little respite to Indian industries. Despite implementing a similar domestic levy,...
India’s imported aluminium scrap price declines by 4% W-o-W on LME downtrend
India has seen a notable decline in imported aluminium scrap prices w-o-w, attributed to decreased LME aluminium prices. Prices for all grades have fallen by up to 4 per cent this week, leading to market uncertainty and a cautious approach among market participants. Meanwhile, three-month LME...
DGTR suggests anti-dumping duty of up to INR577/t on Chinese aluminium frames
Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry has reportedly put forward the proposal of imposing an anti-dumping duty of up to INR 577 per tonne on aluminium frames originating from China. The news came last week after the Directorate stated the plan,...
Cans are not coming back, but more are going out
According to a report by Ball Corporation, the USA recycles only about 45 per cent of the beverage cans consumed by its citizens. Since the USA consumes more than 80 billion cans per year, that's an awful lot of cans in litter and landfill. They dug up that landfill in 1000 years, and that can will...
H1 2024: India witnesses 8% decline in aluminium scrap imports amid rising geopolitical crisis
In the first half of the calendar year 2024 (H1CY24), India's aluminium scrap imports fell by 8 per cent compared to the H1CY'23. On M-o-M basis, the imports rose marginally by 4 per cent in June 2024. However, imports were up by 15 per cent in June 2024 compared to the same period last year,...
Join us at IBAAS-IIM 2024: A premier bauxite, alumina & aluminium conference & exhibition at Goa
We are delighted to announce the upcoming IBAAS-IIM 2024 International Bauxite, Alumina & Aluminium Conference & Exhibition, set to take place during September 25-27, 2024 in the beautiful Goa, India. This prestigious event is poised to be a pivotal gathering for industry professionals,...
Vedanta Aluminium hosts strategic session on red mud utilisation in partnership with NITI Aayog
Vedanta Aluminium, India’s largest aluminium producer, in partnership with NITI Aayog and leading national institutions, recently hosted a high-level stakeholder meeting to identify sustainable applications for red mud, a key byproduct in the bauxite refining process for making aluminium. Experts...
Ball Beverage Packaging discusses expansion plans in Telangana, India, with D. Sridhar Babu
On Sunday, IT & Industries and Commerce Minister Duddilla Sridhar Babu announced that the USA-based global leader in aluminium packaging has expressed interest in setting up an INR 700 crore production unit in Telangana. Telangana is a state in India situated in the southern-central part of the...
Vedanta Limited secures over USD 1 billion through successful QIP
Vedanta Limited, the Indian multinational mining and metal giant, has achieved a significant financial feat. The company successfully raised over USD 1 billion (INR 8,500 crore) through a Qualified Institutions Placement (QIP), as revealed in a recent stock exchange filing. The QIP, which involved...
CleanCarbon.ai: Simplifying CBAM compliance for Indian aluminium and steel exporters
As the European Union's Carbon Border Adjustment Mechanism (CBAM) introduces a new layer of complexity for aluminium and steel exporters, Indian businesses face a challenging regulatory landscape. This tax, aimed at addressing carbon emissions and ensuring a level playing field, has left many firms...
US aluminium scrap exports in April maintain an annual growth trend amid a slight drop M-o-M
The United States aluminium scrap exports slightly dipped month-on-month but increased year-over-year, according to the US Census Bureau data. However, the monthly fall was not significant enough to disturb the annual growth trend of the United States aluminium scrap imports in the first four...
India: MRAI demands the elimination of 2.5% import duty on aluminium scrap
The Material Recycling Association of India (MRAI) has reportedly urged the government to waive the 2.5 per cent import duty on aluminium scrap, following the Aluminium Association of India's demand for a rise in the same tariff to 7.5 per cent . Although AAI and MRAI's appeals are contradictory,...
India’s ADC12 aluminium ingot prices remain rangebound W-o-W with marginal decline
Spot prices for ADC12 aluminium alloy ingots (non-OEM) in Delhi NCR and Chennai remained steady week-over-week, with only a slight decline, according to BigMint's latest assessment. In the Delhi-NCR region, ADC12 spot prices were recorded at INR 212,000 per tonne ex-Delhi, matching the domestic...
AAI emphasises its demand for 7.5% import duty on aluminium scrap ahead of Union Budget 2024
Ahead of the Union Budget 2024, Indian aluminium producers have sought an increase in the import duty on aluminium scrap to 7.5 per cent from the present 2.5 per cent. In addition, they have also asked to maintain the import duty on primary aluminium at the current rate of 7.5 per cent or a...
