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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Sineng Electric drives India’s green future with aluminium-powered solar technology
Sineng Electric's pivotal contribution to the 641MW solar project in Gujarat, part of the monumental 30GW Khavda Solar Park, heralds a new era in India's renewable energy sector. Expected to power 16.1 million homes, this project will become the world's largest renewable energy installation. By...
Sustainability on mind: Vedanta Aluminium turns back on coal-fired capacity, embracing renewable energy for metal production
According to a recent report, John Slaven, CEO of Vedanta Limited, said that its aluminium business would no longer indulge in adding coal-fired capacity for energy-intensive metal production as a move towards renewable energy. The aim is to increase the share of renewable energy to 30 per cent by...
Thailand emerges as the second-highest importer of aluminium scrap from US, replacing India
In February 2024, there was a notable shift in the export dynamics of US aluminium scrap, according to the United States Geological Survey. Previously, India held the position of second-highest export destination until January 2024. But subsequently, Thailand emerged as the second top importer of...
BALCO harnesses AI for enhanced ash management and safety
Bharat Aluminium Company Limited (BALCO), a renowned name in India's aluminium industry and a subsidiary of Vedanta Aluminium has taken a groundbreaking step in ash management. By introducing a state-of-the-art Digital Ash Control Tower (ACT), BALCO is set to revolutionise its ash management...
Domestic base metal prices on LME witness positive trends W-o-W; Three-month LME aluminium futures hiked by 3.2%
At the close of trading on Friday, May 17, 2024, all base metals on the London Metal Exchange (LME) showed positive week-over-week trends. On the LME, three-month aluminium futures hiked by 3.2 per cent to reach $2,612 per tonne, while nickel settled at $21,080 per tonne, marking an impressive...
Strong demand and depleted production costs to boost Indian primary aluminium operating margin by over 25% in FY2025
Indian primary aluminium manufacturers’ operating margin is likely to grow by over 25 per cent in this ongoing financial year due to robust demand and potentially lesser production costs driven by cheaper energy and alumina. The primary aluminium industry is capital-intensive and marked by volatile...
WiWA-tested aluminium doors & windows brand Eternia aims for wider reach in India
Eternia, India's first WiWA-tested brand offering aluminium doors and windows made Duranium™, invented by Hindalco, is on an ambitious expansion journey across the nation. In the past three months alone, Eternia has proudly unveiled experience centres in key cities such as Indore, Gorakhpur,...
Biden's tariff hike on China may offer Indian aluminium exporters a golden opportunity
In a significant move, U.S. President Joe Biden has announced a sharp tariff increase on $18 billion worth of Chinese goods. This policy shift opens a substantial window of opportunity for India to boost its exports to the American market. Industry experts and market analysts highlight that India...
Vedanta’s Jharsuguda aluminium smelter achieves the ASI Chain of Custody (CoC) Standard V2 Certification
Vedanta Limited's Aluminium Business in Jharsuguda, Odisha, India, has recently attained ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its smelter located in the Special Economic Zone. This certification marks a significant achievement, with Vedanta's operations in Jharsuguda...
Updates on the IBAAS-IIM 2024 Conference & Exhibition: Exploring the future of aluminium
Get ready to delve into the exciting world of aluminium at the 12th International Bauxite, Alumina & Aluminium Society (IBAAS) Conference and Exhibition, set to take place September 25-27, 2024, in the vibrant locale of Goa, India. Hosted at the esteemed BITS Pilani Goa Campus, this year's event...
Oralium partners with Eggfirst for creative advancement in aluminium building materials production
In a strategic alliance emblematic of forward-thinking marketing in the aluminium industry, Oralium, a distinguished Indian brand renowned for its premium aluminium building materials, has entrusted Eggfirst with its creative, digital, media, and production endeavours. This partnership signifies...
US Department of Commerce initiates anti-dumping probe into Indian aluminium extrusions used in solar panels
The US Department of Commerce has reportedly announced a preliminary determination on aluminium extrusions imported from India that are being sold at unfairly low prices in the US domestic market. The Department has conducted a preliminary determination on those aluminium extrusions used in...
Swiss-based commodity trader Trafigura delivers 400,000 tonnes of aluminium to LME
Commodity trader Trafigura delivered more than 400,000 tonnes of aluminium to the London Metal Exchange-approved warehouses last week for lucrative financial deals, said three sources familiar with the matter to Reuters. This monumental delivery of stocks brought the LME inventories to more than a...
Jindal Aluminium marks 54th anniversary with record-breaking production milestone
Jindal Aluminium, India's largest aluminium extrusion company, has reached a significant milestone in FY 2023-24 by producing a record-breaking 1,15,920 MT of aluminium extruded products, marking a 10% growth compared to the previous fiscal year. This achievement reinstates Jindal Aluminium's...
Aluminium scrap prices in India record sluggish movement amidst dip in LME rates
During the week ending on May 10, 2024, the London Metal Exchange (LME) witnessed considerable volatility in the prices of most base metals. Three-month aluminium futures on the LME slid by 0.86 per cent to reach $2,529 per tonne, while nickel settled at $18,925 per tonne, marking a decline of 1.62...
BALCO’s fly ash collaboration with Shree Cement will turn industrial waste into wealth
Bharat Aluminium Company Limited (BALCO), a prominent figure in India’s aluminium industry, has forged a strategic partnership with Shree Cement Limited. This alliance aims to revolutionise cement production by harnessing the power of fly ash, a by-product with immense potential for environmental...
Hindalco to supply marine-grade aluminium to the Indian Coast Guard for ship manufacturing
On May 9, 2024, the Indian Coast Guard (ICG) and Hindalco Industries Limited inked a Memorandum of Understanding (MoU) in New Delhi. As per the agreement signed, Hindalco will produce and supply marine-grade aluminium to the Indian Coast Guard for ship manufacturing. The signing of the MoU is a...
BALCO promotes inclusive workforce in aluminium operations by hiring trans-persons for diverse roles
BALCO, a renowned aluminium producer in India and a unit of Vedanta Aluminium, is committed to sustainability not only in its production processes but also in its approach to human resources. As part of its efforts to foster inclusivity, BALCO has welcomed seventeen transgender individuals into its...
