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 charts course for growth across sectors, unveils $6 billion investment plan
The Indian multinational mining and metal company Vedanta Ltd, spearheaded by billionaire Anil Agarwal, has unveiled an ambitious investment strategy, earmarking a colossal $6 billion across diverse business sectors. This strategic initiative is poised to augment the company's annual EBITDA by a...
Downstream aluminium recap: Shyam Metalics unveils ambitious INR 450 crore investment for new aluminium flat-rolled plant
Shyam Metalics & Energy Limited, an Indian metal producer based in Kolkata, West Bengal, has reportedly intended to invest in a greenfield project centred on producing aluminium flat-rolled products. As per the report on Monday, March 18, Hydro Extrusions inked a deal to offload its fabrication...
Jan-Feb 2024: Open import window boosts China’s primary aluminium imports by 214.7% Y-o-Y
According to China customs data, China’s domestic primary aluminium imports during the first two months of 2024 amounted to 472,000 tonnes, encountering a year-on-year surge of 214.7 per cent. The primary import sources were Russia, India, Indonesia, China, Malaysia, the United Arab Emirates, and...
AL Biz proudly promotes BAAPL Ltd, an integrated secondary aluminium producer
Since its inception in 2007, Bagaria Aluminum Alloys Private Limited (BAAPL Ltd.) has stood as a cornerstone in the secondary aluminium industry, specialising in producing over 1100 metric tonnes of secondary aluminium per month. The company has unlocked significant achievements like: In-house...
Shyam Metalics announces to invest INR 450 crore in setting up an aluminium flat-rolled plant
Shyam Metalics & Energy Limited, an Indian metal producing company, headquartered in Kolkata, West Bengal, India, has reportedly announced its ambition of investing into a greenfield project focused on manufacturing aluminium flat-rolled products. As per the report, the company is willing to invest...
China’s aluminium extrusion exports inflate by 35.36% Y-o-Y during January-February 2024
According to China customs data, domestic aluminium extrusion exports from January to February 2024 totalled 170,900 tonnes, reflecting a month-on-month increase of 3.26 per cent and a year-on-year hike of 35.36 per cent. The export volume stood at 108,300 tonnes and 62,000 tonnes in individual...
Jindal Aluminium upgrades its Bhiwadi extrusion plant with cutting-edge production techniques, investing INR 300 crores
Jindal Aluminium Limited, India’s largest extrusion company, has transformed its Bhiwadi plant into a state-of-the-art manufacturing facility with a recent investment of around INR 300 crores. Jindal has reportedly deployed cutting-edge production techniques to ensure production efficiency at the...
India's imported aluminium scrap prices maintain resilience despite a slight dip in LME prices
Imported aluminium scrap prices in the Indian market have held steady at supportive levels despite a slight dip in LME (London Metal Exchange) prices. The three-month LME price hovered around $2,250 per tonne, marking a marginal decrease of $15 per tonne week-on-week. Stock levels were recorded at...
2023: Four months of relentless fall in India’s aluminium scrap imports from the US negates its annual growth
According to the United States Geological Survey's findings, India's aluminium scrap imports from the US decreased over a year in 2023, accounting for 21.94 per cent of the United States total aluminium scrap exports versus 22.95 per cent last year. As per the USGS data, India imported 452,000...
Alphatec prepares to debut House of Marley’s sustainable aluminium audio solutions in India
House of Marley, renowned for its eco-conscious ethos, has entered the Indian market in the guise of a strategic partnership with Alphatec, a leading distributor of premier audio-video equipment. This collaboration emphasises sustainability, with a focus on recyclable aluminium in their product...
India imposes anti-dumping duty on Chinese cast aluminium alloy wheels
The Finance Ministry of India has imposed a definitive anti-dumping duty on imports of cast aluminium alloy wheels or Alloy Road Wheels (ARW) originating from China. The definitive anti-dumping duty, which remains effective for five years, varies between $0.23 per kg and $1.71 per kg depending on...
India Govt. suspends Nalco Director on disciplinary grounds
The Ministry of Mines, Govt. of India, has suspended Radhashyam Mahapatro, NALCO's Director (HR), citing disciplinary reasons. The state-owned integrated aluminium company, NALCO, revealed in a recent exchange filing on March 14, 2024, that it received notification from the ministry confirming...
Vedanta's demerger proposal may receive resistance from shareholders and creditors: Research firm
Vedanta's proposal to split its businesses into distinct entities may encounter resistance from minority shareholders and creditors, as per a report. On September 29, 2023, the mining and metal giant unveiled intentions to separate five crucial sectors, such as aluminium, oil and gas, and steel,...
Hindalco Industries cuts its aluminium selling prices in response to LME aluminium price fall
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal...
Local tense scrap shortages propel Aluminium ADC12 prices upward in India
Spot prices for Aluminium ADC12 alloy ingots (automobile equivalent grade) surged by INR 2,000 per ton to reach INR 207,000 per tonne week-on-week, excluding GST, in ex-works Delhi. This uptick was driven by a notable increase in local tense scrap prices across north and south India, where...
India's imported aluminium scrap prices continue to rise
The imported aluminium scrap prices in the Indian market are experiencing an upward trend, which is attributed to several factors. These include the notable increase in aluminium LME (London Metal Exchange) levels, a scarcity of material both domestically and globally, and rising freight rates. The...
Vedanta Aluminium COO Sunil Gupta elected CII’s Odisha State Council Vice-Chairman
Sunil Gupta, Chief Operating Officer (COO) of Vedanta Aluminium Business, has reportedly been elected vice-chairman of the Confederation of Indian Industry (CII)'s Odisha State Council for the 2024-25 term of office. The news came after the name was announced during the CII Odisha State Annual Day...
ASI certifies BALCO’s Chhattisgarh facility with the Performance Standard V3 (2022) certification
The Aluminium Stewardship Initiative (ASI) has announced the certification of the Bharat Aluminium Company Limited (BALCO) facility in Korba, Chhattisgarh, India, against the ASI Performance Standard V3 (2022). This facility, under Vedanta Limited's Aluminium Business (Vedanta Aluminium),...
