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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MRAI President calls for a fair field for primary and secondary aluminium sectors
India's rising aluminium demand sparks a call for government support to balance the environmental impact of primary and recycled production amid global scrap restrictions. The demand for aluminium in India is rising, driven by population growth, urbanisation, and industrialisation. With a focus on...
India’s ADC12 aluminium ingot prices fall by INR 3000/t M-o-M despite steady raw materials cost
Aluminium ADC12 alloy ingot prices fell by INR 3,000 per tonne to INR 192,000 per tonne despite steady raw material costs, namely casting scrap pricing, exw Delhi. The monthly average prices of tense scrap in India remained consistent at INR 155,000-156,000 per tonne exy Delhi. However, the...
India’s Commerce and Industry Minister assures no unfair carbon tax should affect aluminium and steel industry
On Tuesday, November 7, India's Commerce and Industry Minister Piyush Goyal assured the domestic aluminium and steel industry that no unfair taxes in the form of Carbon Border Adjustment Mechanism (CBAM) would be accepted. He said India had already expressed concerns over the carbon tax with the...
US aluminium scrap exports in Aug'23 mark a M-o-M rise of 3.47% after two months of decline
The United States aluminium scrap exports in August 2023 recorded a month-on-month hike of 6,000 tonnes or 3.47 per cent to 179,000 tonnes, according to the US Census Bureau data. In July 2023, the export volume was 173,000 tonnes, down by 3.89 per cent from 180,000 tonnes in June. The downfall in...
Vedanta's breakthrough in the bauxite refining process
Vedanta, India's largest aluminium producer, has achieved a significant breakthrough in bauxite refining, a pivotal step in aluminium production. In a collaborative effort with the Indian Institute of Technology Kharagpur (IIT KGP), the company has developed an innovative method to substantially...
Primary aluminium recap: Yunnan province begins 1.5 MT output cut; Indian aluminium companies reduce product prices by INR3000/t
The primary aluminium industry, which is considered to be an epicentre of the aluminium value chain, is always spotted with crucial occurrences. This week was no exception, and the most vital event was the commencement of productions at aluminium smelters in Yunnan. This phenomenon is expected to...
Hindalco & Vedanta’s aluminium ingot prices encounter a cut of INR3000/t this week
Indian aluminium giants, including Hindalco Industries Ltd, Vedanta Ltd, and National Aluminium Corporation (NALCO), have reportedly reduced their aluminium prices in response to the LME aluminium price fall this week from October 30 to November 3. The LME aluminium benchmark price encountered a...
CSIR-NIIST and HAL sign MoU to create aerospace-grade aluminium alloy castings
The CSIR-National Institute for Interdisciplinary Science and Technology (CSIR-NIIST), situated in Kerala, will work with Hindustan Aeronautics (HAL), Bengaluru, to indigenise the country's aerospace and military industries. In this respect, a memorandum of understanding (MoU) was signed in...
Fenesta charges into the aluminium façade industry with its new fabrication facility in Hyderabad
Fenesta, a prominent name in the Indian fenestration industry, has recently opened a cutting-edge Façade fabrication facility in Hyderabad, which is set to revolutionize the domestic façade industry. This strategic move marks Fenesta's entry into the façade segment, leveraging its expertise and...
AAI demands immediate implementation of a 10% customs duty on imported aluminium scrap
The Aluminium Association of India has reportedly asked for the immediate implementation of a 10 per cent customs duty on aluminium scrap imports to safeguard the domestic metal industry from low-quality scrap dumping. According to the apex body representing aluminium producers, the current 2.5 per...
Great resignation is over for IT: Good or bad news for the global aluminium industry?
Introduction In the IT industry, resignations and job changes increased slightly before and during the pandemic. During the pandemic, the same tendency went only northward. The IT leaders of the world, many of them from India, had touched around 35% attrition rate, which was a major worry for them....
Imported aluminium scrap prices in India witness upward trend despite limited demand
As per reports, the Indian imported aluminium scrap market has lately experienced an increasing trend in pricing, indicating a jump in futures contracts and price changes made by key industry participants. However, domestic demand has remained low, mostly due to the upcoming Diwali...
Vedanta Chairman seeks investments for Kalahandi alumina refinery expansion
Anil Agarwal, the chairman of the Vedanta Group, seeks Indian investors’ attention for collaboration and investment in the continued development and expansion of Kalahandi alumina refinery in Odisha. Vedanta’s Kalahandi alumina refinery expansion would mark a turning point in the industrial...
Countdown to innovation: The Zak Doors & Windows Expo 2023
Mumbai, India - anticipation is building as November draws near. The Bombay Exhibition Centre (NESCO) is gearing up to host the 19th International Trade Fair on Doors, Windows, Facades, Technologies, and Products, scheduled from November 23rd to 26th, 2023, in Mumbai. This event, "Zak Doors &...
Downstream weekly recap: India's aluminium sector thrives despite skilled labour shortage; AMAG CEO Mayer bids farewell
The aluminium downstream sector plays a critical role in the processing and utilization of aluminium, a versatile and lightweight metal with a wide range of applications. The downstream activities cater to diverse industries, such as automotive, aerospace, construction, packaging, and electrical,...
Vedanta’s excellence in energy management & supply chain operations lately brings two prestigious awards
Vedanta Aluminium has yet again earned a prestigious recognition in the form of two gold awards at the Confederation of Indian Industry's IQ National and Regional Excellence Practice Competition and National Energy Awards for Excellence in Energy Management. One of the awards represents Vedanta's...
ASI certifies Hindalco Alupram Works for sustainable extruded aluminium alloy production
After Hindalco’s Renukoot Downstream facility comes the turn of Hindalco Alupram Works to have received the ASI certification. Aluminium Stewardship Initiative announced on Thursday, October 25, that it successfully recognised Hindalco Alupram Works manufacturing operation against the Performance...
India's aluminium ADC12 alloy ingot prices continue to decline in the face of weak demand
The recent dynamics in the Indian market for aluminium ADC12 alloy ingots and scrap metals have resulted in numerous notable developments. This week, the price of ADC12 alloy has stayed steady at INR 184,000 per tonne. Concurrently, the price of tense scrap in the Delhi market has remained steady,...
