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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India's aluminium sector prospering, but labour shortages hinder growth: Hindalco
The aluminium industry in India shines amid a global landscape that is generally lacklustre or facing downturns. This positive outlook is attributed to the Indian government's efforts in infrastructure development and the industry's response to meet the increasing demand. Nilesh Koul, the Senior...
Downstream weekly recap: AAI asks for RoDTEP rates for aluminium SEZs and EOUs; thyssenkrupp renews aluminium supply contract with Boeing
The downstream aluminium industry was spotted with multiple affairs this week from October 16 to 20. While EOS launched its new Aluminum Al5X1 aluminium alloy, Novelis received a sum of $5 million from the Alabama Industrial Access Road and Bridge Corporation under ALDOT's administration for...
“The global trend in the railway sector is moving toward materials that offer a balance between strength, durability, and lightweight properties, and aluminium stands out as a key material contributing to these advancements”, L C Trivedi, Railway Expert
A distinguished railway professional, L C Trivedi, with over 40 years of exemplary service, boasts a remarkable career deeply rooted in Indian Railways. With an engineering degree and management education from prestigious institutions such as HEC Paris and Carnegie Mellon University in Pittsburgh,...
Sustainability Recap: ASI certifies Hindalco’s Renukoot downstream facility; Volvo & Audi strive to reduce Co2 emissions from operations
There is no end to sustainable moves in the global aluminium industry. This week has witnessed ASI certifications granted to many companies, alongside automobile giants striving to achieve production chain decarbonisation, and institutions collaborating with metal and mining companies to drive a...
US aluminium scrap exports decline for the second month in a row by 4% during July’23
The United States aluminium scrap exports in July 2023 were recorded at 173,000 tonnes, down by 7,000 tonnes or 4 per cent from 180,000 tonnes in June, found the US Geological Survey. In June, the export stood at 180,000 tonnes, reflecting a plunge of 16,000 tonnes or 8.16 per cent from 196,000...
UNESCO identified Durga Puja Festival in Kolkata upholds aluminium use
Every year, with the arrival of Durga Puja, the cultural capital of India, Kolkata gets ready to display an array of superbly talented pandal makers, sculptures and decorators. Durga Puja is a festival that has a significant economic impact on the city. According to a report in 2019, it was...
New alumina projects and expansions in 2023 to reshape the global aluminium landscape
Aluminium oxide, popularly known as alumina, is a direct resource of primary aluminium production. With the passage of time, as aluminium demand is rising, a timely need for alumina is being increasingly felt. The potentiality of the alumina market is mammoth, with an estimated growth rate of CAGR...
Madras High Court denotes 12% GST rate on aluminium foil containers
The Madras High Court recently issued a ruling on the classification and taxation of aluminium foil containers. The court determined that the product should be categorized under 7615 with a 12% Goods and Services Tax (GST) rate, resolving a dispute between the petitioner M/s. Veeram Natural...
India's imported aluminium scrap prices decline amid limited activity and falling futures
The Indian imported scrap prices are witnessing a decline. It has been observed that the buyers and sellers were not actively participating in trading Indian imported scrap, resulting in lower transactions. In due course of time, the price of aluminium in futures has also decreased. This decrease...
OECD's new research on climate impact of subsidies across aluminium supply chain earns praise
The aluminium associations of the United States, Europe, Canada, and Japan applaud the Organisation for Economic Cooperation and Development's (OECD) new research, 'The climate implications of government support in aluminium smelting and steelmaking'. The research investigates existing government...
ASI grants Performance Standard Certification to Hindalco’s Renukoot Downstream facility
Aluminium Stewardship Initiative has reportedly acknowledged Hindalco’s Renukoot Downstream facility in Uttar Pradesh against Performance Standard V2 (2017) Certification for remelting and refining activities, casthouses, and semi-fabrication. The facility manufactures aluminium ingots, wire rods,...
Aluminium Asssociation urgently asks for RoDTEP rates for SEZs and EOUs
Aluminium Association of India (AAI), an apex body representing the entire value chain of the Indian aluminium industry, has requested the government to provide rates for aluminium special economic zones and export oriented units (EOUs) under the RoDTEP scheme. The Association suggests that once...
Goa Carbon Limited signs MoA with BITS Pilani Goa Campus bolstering ESG principles
India's leading manufacturer of calcined petroleum coke, Goa Carbon Limited (GCL) and BITS Pilani, K K Birla Goa Campus, have formally agreed to collaborate on long-term research and development initiatives that prioritise environmental, social, and governance (ESG) principles, and operational...
Primary aluminium weekly recap: Rio Tinto's Chairman pivots towards aluminium, promising a bright future for the metal
The Rio Tinto chairman, Dominic Barton, indicated on October 6, 2023, that customers are increasingly willing to pay extra for eco-friendly, sustainable products. In addition, he spoke about the company's desire to participate in the growing lithium market. On Friday, October 6, mining giant...
India’s secondary aluminium ingot price drops due to surge in raw material circulation
The Indian aluminium alloy ingot market has witnessed a price decline in recent weeks. However, there is some positive news to report. Raw material availability has increased, and there has been a drop in LME futures contracts, which has resulted in a w-o-w US$30-40 per tonne price decline....
Rosmerta Technologies introduces scrap vehicle recycling facility in Haryana
Rosmerta Technologies, a prominent player in the HSRP industry, has inaugurated the Rosmerta Recycling facility, a vehicle scrapping center in Manesar, Haryana, to dismantle and recycle post-consumer vehicle scraps like aluminium, copper wires and tyres. This sustainable move will bring positive...
NALCO appoints Jagdish Arora as the Director of Projects & Technical Division
On October 12, National Aluminium Company Limited (NALCO) declared the latest positioning of Jagdish Arora as the Projects and Technical Director of the Company. A highly proficient official with an experience of more than thirty-four years, Arora took up his responsibilities on October 11, as per...
India's imported aluminium scrap price falls due to weak demand
The Indian imported aluminium scrap market has recently experienced a downturn, a trend closely aligned with the decline observed in futures exchanges and limited domestic demand. UK and European suppliers have introduced varying price ranges for aluminium scrap. This variance or divergence has...
