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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Hindalco hosts workshop focusing on opportunities for MSMEs in the downstream aluminium sector
Hindalco, a flagship company of the Aditya Birla Group, hosted a workshop titled "Manufacturing Opportunities for MSMEs in the Downstream Aluminium Industry" on Tuesday at the Utkal Chamber of Commerce and Industry Ltd. (UCCIL) conference hall. Organised in collaboration with the Confederation of...
Indiana Secretary of State Diego Morales explores Novelis aluminium facility in Terre Haute
Secretary of State Diego Morales recently visited the Novelis aluminium production and recycling plant in Terre Haute, Indiana. Novelis, a global leader in the field, specialises in providing rolled, recycled aluminium to a wide array of international clientele. The facility is renowned for its...
India’s Vedanta Aluminium has its plan ready to face the EU’s CBAM challenge
In line with global efforts to combat climate change, the European Union has introduced a significant measure—the Carbon Border Adjustment Mechanism (CBAM), designed to regulate the import of carbon-intensive products, such as aluminium, by charging a tariff based on the emissions produced during...
Upcoming EU-India trade talks: New Delhi to seek carbon tax exemption for SMEs
In the upcoming free trade deal negotiations with the European Union, India is set to request a three-year exemption for its micro, small, and medium enterprises (MSMEs) from a proposed mandatory tariff on carbon-intensive imports. Two sources familiar with the matter disclosed this stance,...
Rockman Industries elevates industry presence by joining AL Biz
Indian auto components manufacturer Rockman Industries has grown into a globally acclaimed supplier of high-quality automotive components. Established in 1960 and headquartered in Delhi, the company has been successfully enlisted by AL Biz to its list of 2100+ sellers. Over the years, Rockman...
BIS amendment order for the Aluminium and Aluminium Alloy Products: Ministry of Commerce and Industry, Govt. of India
Important update regarding Indian Standard applicable to all existing Licence holders/ New applicants/ manufacturers/ importers/ product sellers for the Aluminium and Aluminium Alloy Products (EC Grade Aluminium Rod produced by Continuous Casting and Rolling) (Quality Control) Amendment Order,...
Vedanta Group eyes $10 billion EBITDA, targets $4.2 billion from aluminium division
The Indian multinational mining and metal company Vedanta Group has unveiled a strategic roadmap to achieve a $10 billion EBITDA, underpinned by the execution of over 50 projects spanning multiple business verticals, as reported by ET Now Digital. This bold plan was disclosed during site visits...
Vedanta expands its aluminium prices by 1% at the end of the week, aligned with LME price move
Vedanta Limited, an Indian multinational mining company, has increased its aluminium selling prices with effect from Friday, June 14, following a cut on June 12. This move is in line with the global aluminium benchmark price on the London Metal Exchange (LME), which escalated on June 13. With...
US aluminium scrap trade demonstrates steady growth trend with 2% rise in Q1 exports and 6% hike in imports
The US aluminum scrap market has kicked off 2024 with a significant momentum of 2.06 per cent rise in exports and 6.04 per cent rise in imports during the first quarter of 2024, reflecting a broader economic trend and strategic shifts in trade policies. The first quarter of the year has seen a...
Aluminium third rail installation in India's first Metro network promises major energy and cost savings
Kolkata Metro, India's oldest metro network, is transforming significantly to enhance its services and overall efficiency. Metro Railway has laid out comprehensive plans to upgrade its infrastructure and assets as part of an ambitious modernisation initiative. This initiative is set to...
NALCO signs a lease for bauxite mining with 111 million tonnes of reserves
National Aluminium Company Limited (NALCO), a Navratna CPSE under the Ministry of Mines, has reportedly signed a mining lease deed with the State Government of Odisha. The mines are located in Pottangi Tehsil, Koraput District, and cover an area of 697.979 hectares. The bauxite mines , with their...
India’s ADC12 aluminium ingot price in Delhi drops marginally to INR215000/t W-o-W
BigMint's latest assessment indicated a slight decline in spot prices for aluminium ADC12 alloy ingots in Delhi NCR, now at INR 215,000 per tonne, week-on-week. Additionally, tense scrap prices fell by INR 3,000 per tonne to INR 185,000 per tonne ex-Delhi, with the scrap-to-ADC12 spread recorded at...
NALCO trims its aluminium ingot price by INR3500/t with effect from June 8
National Aluminium Company Limited (NALCO) reduced its aluminium prices with effect from Saturday, June 8, in line with the downtrend of the LME aluminium benchmark price. The company trimmed its aluminium ingot price by INR 3,500 per tonne or 1.35 per cent on June 8 from INR 254,950-258,450 per...
Global aluminum consumption climbs 6% in early 2024, AZ Global finds
Research carried out by AZ Global shows that aluminium consumption grew strongly in the first four months of this year. Our research indicates a growth rate of 6 per cent globally. In terms of major regions, Asia has the highest consumption growth rate. From January to April 2024, Asia's primary...
Realme NARZO N63: Budget smartphone featuring aluminium camera deco & vegan leather design
Realme has entered the Indian budget smartphone market with its latest offering, the Realme NARZO N63, featuring a premium vegan leather design and leading-edge specifications. Available in three variants—premium vegan leather, sparkle design, and aluminium camera deco—the device offers a sleek...
Russian aluminium stocks on LME fall to 42% in May; Indian stocks soar to 50%
In a notable shift within the global aluminium market, the share of available aluminium stocks of Russian origin in London Metal Exchange (LME) warehouses experienced a dramatic decline, dropping to 42 per cent in May'24 from a dominant 89 per cent in April. Concurrently, aluminium stocks of Indian...
China increasingly indulges in aluminium scrap imports from the US, representing a 39.5% growth Y-o-Y
The year-end statistics of 2023, as reported by the United States Census Bureau and the US Geological Survey, revealed a significant strategic shift in the non-ferrous scrap export market, particularly aluminium, with a notable increase in buyers from China. Through 2023, the United States exported...
"Our strategy to enhance profitability for our customers in the aluminium and steel sectors focuses on an in-depth analysis of price movements by leveraging historical data," Tushar Kamat, Chief Business officer (CBO) at Bizongo
Tushar Kamat, the Chief Business officer (CBO) at Bizongo, comes with more than 25 years of experience in sales leadership, scaling business growth, and enabling business transformation by developing go-to-market strategies for generating revenue. Kamat has had affiliations with notable companies...
