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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AAI calls for increased import duties on aluminium scrap amid dumping concerns
According to a report by Mint, India's aluminium sector is advocating for increased import levies on aluminium and its scrap due to concerns about dumping by China, the Middle East, and ASEAN countries. Import duties on aluminium scrap to be raised In a budget proposal to the finance ministry, the...
World Youth Skills Day: Vedanta Aluminium announces impactful skill development initiatives to empower local youth
On July 15, World Youth Skills Day, Vedanta Aluminium, India's largest producer of aluminium, reaffirmed its commitment to youth empowerment by announcing the expansion of its skill development initiatives across its locations. These programs aim to enhance the skillsets of rural youth,...
RHI Magnesita seeks policy measures for refractory raw material supply security in India
RHI Magnesita, the global leader in the manufacturing and supply of refractory products, systems, and solutions, has appealed to the Government of India for strategic policy initiatives to diversify the sourcing of critical refractory grade minerals to ensure raw material supply security for the...
Upstream Aluminium Recap: LME price losses $67/t amid lower stocks due to meagre share of Indian origin; US levies 10% duties on Chinese imports via Mexico
This week, the upstream aluminium sector took centre stage, featuring numerous significant developments in price front, production, international trade policy, project clearance, and investment. The continuous price fall on the Shanghai Metals Market and London Metal Exchange throughout the week...
“Covacsis covers the entire aluminium value stream, from bauxite to alumina to downstream aluminium products,” Tarun Mishra, Founder, Covacsis
Tarun is the founder of Covacsis Technologies and was among the first few in the world to envisage the transformation of the current manufacturing system into algorithmic manufacturing as a next-generation manufacturing reality. Today, Covacsis is a leader in industry-based digital transformational...
India’s ADC12 aluminium ingot prices remain stable W-o-W amid high freights
According to BigMint's latest assessment, spot prices for ADC12 aluminium alloy ingots, commonly used in the automotive industry, remained stable week-over-week in both the Delhi NCR and Chennai regions. In Delhi NCR, ADC12 spot prices were evaluated at INR 213,000 per tonne (ex-Delhi), which is in...
Vedanta Aluminium expands electric forklift fleet, embracing sustainability
A major step toward sustainable industrial practices has been taken by Vedanta Aluminium, India's leading aluminium manufacturer, by adding 66 electric lithium-ion forklifts to its fleet. This expansion, marking Vedanta's role as India's largest deployer of electric lithium-ion forklifts, includes...
India’s imported aluminium scrap prices grow W-o-W, buoyed by increased buying activity in Europe
This week, imported aluminium scrap prices in India have seen a modest increase, buoyed by a slight uptick in LME aluminium prices and increased purchasing activity in Europe ahead of the summer recess. Three-month LME aluminium prices reached $2,526 per tonne, marking a marginal week-on-week rise...
Russian aluminium stocks surge to 50% in LME warehouses
According to LME data released on July 10, 2024, the share of available aluminium stocks of Russian origin in London Metal Exchange (LME)-approved warehouses rose to 50 per cent in June from 42 per cent in May, while the share of Indian origin fell to 40 per cent from 50 per cent. The on-warrant...
Vedanta Chairman meets Odisha Chief Minister to discuss the state's industrialisation
The Chairman of Indian multinational mining and metal company Vedanta's Chairman, Anil Agarwal, met with the newly elected Odisha Chief Minister Mohan Charan Majhi on July 4, 2024, to discuss avenues for enhanced collaboration to enhance the state's industrial landscape. During their meeting, the...
Safe cooking, guaranteed: New standards for aluminium and steel utensils set by India
The Government of India has introduced new rules to bolster kitchen safety and product integrity. Effective March 14, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) has mandated the ISI mark on all stainless steel and aluminium utensils sold in the country. Under this...
Vedanta Lanjigarh unit receives prestigious Kalinga Awards for energy & environment conservation drives
Vedanta Aluminium's efforts to conserve energy and protect the environment in operations at Lanjigarh alumina refinery have recently received special recognition from Kalinga Awards: Environment. According to a report, India's largest aluminium producer has bagged two accolades—the Kalinga Energy...
China’s aluminium foil exports in May’24 trend up 7% M-o-M, with India, Mexico and Indonesia as top destinations
According to the Shanghai Metals Market survey, China’s aluminium foil exports in May 2024 amounted to 130,100 tonnes, registering a month-on-month increase of 7 per cent from 121,600 tonnes. The May export volume also recorded an annual rise of 15 per cent. Among export destinations, India,...
MRAI's IBS2024 aims to promote circularity and the use of recycled materials to reduce carbon footprints
The Material Recycling Association of India (MRAI), the leading national recycling association representing the interest of the recycling industry, is committed to achieving circularity in recycling to foster sustainability and a green economy. This year, MRAI is hosting its 2nd edition...
India’s import of ingot grade aluminium products witnessed a surge of 40% M-o-M in May’24
In May 2024, India's imports of ingot grade aluminium products saw a significant increase, rising by 38 per cent M-o-M and 70 per cent compared to the same month the previous year, according to provisional data from BigMint. Specifically, imports of ingots reached 38,700 tonnes, making up 84 per...
India’s imported aluminium scrap prices fall W-o-W owing to monsoon slowdown despite stable LME rates
This week, India's imported aluminium scrap prices have experienced a downward correction. This is primarily due to the impact of the approaching monsoon on market demand, despite the stable LME aluminium prices. The resulting activity slowdown has led to this market shift. The 3-month LME...
India exports aluminium to Russia, RIA Novosti reports
India exported aluminium to Russia for the first time in April, as reported by RIA Novosti, a Russian state-owned domestic news agency. This marked a significant development in international trade. This landmark transaction took place, with India exporting tonnes of unprocessed aluminium to Russian...
Craftsman Automation eyes major aluminium die-casting business acquisition deal
On June 24, 2024, India-based Craftsman Automation Limited announced signing a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions Private Limited and Kedaara Capital Fund II LLP. This MoU revealed in a recent stock exchange filing, outlines Craftsman Automation's plan to...
