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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Runaya and TAHA extend their global footprint - from India to the world
Runaya & TAHA International, market leaders in aluminium dross processing, have extended their cooperation from India to the rest of the world. Runaya and TAHA aim to set up end-to-end dross processing and refining facilities for major primary global aluminium smelters through a strategic...
Ball Corporation's expertise steers Del Monte toward a green path with aluminium packaging
USA-based Ball Corporation, a global leader in innovative aluminium packaging, has forged a strategic alliance with Del Monte Foods, a front-runner in the realm of canned fruit juices. This collaboration is not merely a convergence of corporate entities; it symbolises a collective commitment...
India’s imported aluminium scrap prices retreat amidst limited trade activities
The recent downturn in the Indian aluminium scrap market can be attributed to a notable price decrease, primarily driven by a fall in futures contracts on the London Metal Exchange (LME). This decline results from limited transactions despite an increase in the number of improved offers. Many...
Aluminium chronicles: Rio Tinto & Indian Government seal 150-Year bond in commemorative stamp
In a momentous celebration of a 150-year partnership between Rio Tinto and the Indian government, India's Post Office has issued a new 5 rupee stamp titled 'Rio Tinto 150.' This commemorative stamp, part of the 'My Stamp' series, signifies the enduring collaboration between the Anglo-Australian...
Vedanta Aluminium joins IAI, strengthening its commitment towards sustainability
Vedanta Aluminium, a prominent player in the global aluminium industry and India's leading metal producer, has recently joined the International Aluminium Institute (IAI), solidifying its position among the world's largest aluminium producers. As the sole representative of the global primary...
Gujarat Foils embraces digital growth: Aluminium foil and sheet manufacturer joins AL Biz for enhanced market access
Gujarat Foils Ltd. (GFL), India's third-largest manufacturer of aluminium foils and sheets, has again proven its commitment to excellence by joining the AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain. As a publicly...
Downstream weekly recap: SRF Ltd's share price rises 1% following approval of its aluminium foil venture
The downstream aluminium sector has been a witness to major developments this week. To begin with, SRF Ltd committed INR 536 crore towards establishing SRF Altech Limited, a dedicated subsidiary focused on producing aluminium foil. This strategic decision aligns with SRF's broader goals of...
Primary aluminium weekly: 2023 registers an influx in global coal consumption; Alba surpasses production record
The International Energy Agency predicts that global coal consumption will reach an all-time high in 2023 due to increased demand in India and China. Coal remains the primary source of energy-related environmental impact linked to global warming. However, coal usage is expected to decrease by...
VinFast eyeing the world's 3rd largest automotive market with billions in investment
Vietnamese EV Giant VinFast intends to make an initial investment of $500 million to establish a comprehensive facility in India, aiming to enter the world's third-largest automotive market. Besides establishing the manufacturing facility, the automaker aims to create an extensive dealership...
The journey to create a carbon-free India: First Solar signs a 15-year PPA with Cleantech Solar
First Solar has announced a positive development in its efforts to promote clean energy in India. The company has teamed up with Cleantech Solar to supply its new thin-film solar module factory in Tamil Nadu with renewable energy. The two firms have entered into a 15-year power purchase agreement,...
Rising raw material prices propel aluminium ADC12 prices in India to new heights
The spot prices for automobile-grade aluminium ADC12 alloy ingots experienced a rise of INR 5,500 per tonne, reaching INR 189,500 per tonne. This increase can be attributed to the surge in raw material prices, specifically tense prices, which climbed by INR 5,000 per tonne to INR 160,000 per tonne...
December quarter shines for Vedanta Aluminium as production jumps by 6%
In the December quarter, India's leading primary aluminium producer, Vedanta Aluminium, saw a 6 per cent rise in production, reaching 599,000 tonnes compared to 566,000 tonnes during the corresponding period last year. The Lanjigarh alumina refinery of Vedanta Aluminium saw a 6 per cent increase in...
India witnesses an upward shift in imported aluminium scrap prices post-holidays
The Indian market for aluminium scrap has seen a notable price increase, attributed mainly to a surge in futures contracts on the London Metal Exchange (LME) after the Christmas and New Year holidays. Despite a rise in transaction volume, particularly from the western region, many sellers remain...
GACL and Vedanta Aluminium sign MOU to explore synergies in caustic chlorine and other sectors
Gujarat Alkalies and Chemicals Ltd (GACL) have recently entered into a Memorandum of Understanding (MoU) with Vedanta Aluminium to explore potential business opportunities within the caustic chlorine and related sectors. The primary objective of this MoU is to leverage the complementary skills,...
India & US to implement joint monitoring mechanism to ensure tariff-free aluminium exports
The Ministries of Mines, Steel, and the Department for Promotion of Industry and Internal Trade (DPIIT) have planned to set up an internal monitoring mechanism to ensure additional tariff-free aluminium and steel product exports to the United States. Earlier, Indian export of aluminium and steel...
SRF Ltd's shares soar 1% after INR 536 crore gets approved for its aluminium foil project
SRF Ltd has invested INR 536 crore in establishing SRF Altech Limited, a subsidiary dedicated to manufacturing aluminium foil. This strategic move aligns with SRF's broader initiatives for diversification and growth within the aluminium industry. The commissioning of the facility underscores SRF's...
Unprecedented surge: 2023 witnessing a historic high in global coal consumption
The International Energy Agency (IEA) predicts that global coal consumption will reach an all-time high in 2023 due to sustained demand in emerging and developing economies. Increase in demand The International Energy Agency (IEA) reported a projected 1.4 per cent increase in coal demand for 2023,...
Sustainability weekly recap: JS Renew Energy goes live with the first phase of its 51 MW capacity wind farm in Tamil Nadu
The post-Christmas week was full of exciting clean energy updates. Two major solar projects in Western Australia, Bristol Springs Renewable Energy Project and Waroona Energy, merged to establish a new entity. The Bristol Springs project secured development approval for a 355 MW solar generation...
