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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Key highlights from the global aluminium industry, August 2023
In August 2023, the global aluminium industry experienced some significant developments. Despite minor fluctuations, the LME aluminium price decreased slightly, while the SHFE price exhibited growth. Anticipations for the year's second half indicate an upswing in aluminium demand, with both...
Ayana Renewable and Hindalco sign a round-the-clock green energy supply deal for smelters in Odisha
Ayana Renewable Power, a major Independent Power Producer (IPP) in India, has made a significant achievement by signing a Power Purchase Agreement with Hindalco Industries Limited, the flagship company of the Aditya Birla Group. The agreement will supply 100 MW of round-the-clock (RTC) renewable...
End-user weekly: ISRO’s Pragyan Rover finds aluminium among other elements in Moon’s South Pole
The Indian Space Research Organisation (ISRO) has achieved a significant breakthrough in lunar exploration! Their recent report reveals that the moon rover, equipped with the highly advanced Laser-Induced Breakdown Spectroscopy (LIBS) instrument, has successfully detected the presence of aluminium,...
Rourkela Steel Plant supplies aluminium composed MDN-250 for ISRO’s Aditya L1 and Chandrayaan missions
Rourkela Steel Plant (RSP) in Odisha has provided special grade MDN-250 (maraging steel) for different Indian Space Research Organisation (ISRO) space missions such as Chandrayaan, Gaganyaan, and Aditya L1. Maraging steel is high-quality steel composed of metals like aluminium, nickel, cobalt,...
Downstream weekly recap: July 2023 sees a 5% dip in Japan's rolled aluminium shipments
The shipping of rolled aluminium goods in July decreased by 5.1 per cent year on year, totalling 145,429 tonnes, according to statistics from the Japan Aluminium Association's "Overview of Production and Shipments of Rolled Aluminium Products." Concurrently, output fell 5.6 per cent Y-o-Y,...
Hindalco & Vedanta upgrade their aluminium prices by 2% this week in line with LME price rally
Indian aluminium giants like Hindalco, Vedanta, and NALCO have increased their aluminium prices twice this week in line with the LME aluminium price rally by US$64.50 per tonne from August 29-September 1. Hindalco Industries Limited upgraded its aluminium prices on August 31 by INR 2,500 per tonne...
Boat smart ring arrives in the Indian market with high-quality ceramic and metal construct
Boat has announced the arrival of its brand new smart ring in India to begin a healthy competition with the Noise Luna Ring, which was unveiled in July 2023. The Boat smart ring will flaunt an exemplary ceramic and metal construction with it being attested for 5 ATM water-resisting abilities. While...
Swisstek joins AL CircleBiz encouraging connectivity through the aluminium B2B world
Founded in 2009, Swisstek Aluminium Limited is a counterpart of Lanka Walltiles PLC and Vallibel One PLC. It is one of the most revered commercial and industrial aluminium extrusion profile manufacturers and providers in Sri Lanka. AL CircleBiz is incredibly happy to introduce Swisstek to the...
Chandrayaan-3 mission reveals essential lunar elements, including aluminum
The Chandrayaan-3 mission has marked a significant breakthrough with the discovery of vital elements in the vicinity of the lunar south pole. The Indian Space Research Organisation (ISRO) reported that the moon rover, equipped with the Laser-Induced Breakdown Spectroscopy (LIBS) instrument, has...
Amcor leads the “Top 21 Sustainable Packaging Companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant
Amcor, a worldwide pioneer in developing and manufacturing environmentally friendly packaging solutions, has emerged as the market leader in the "Top 21 Sustainable Packaging Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. MarketsandMarkets 360 Quadrants analysed over 80 Sustainable...
Godha Cabcon bags INR56.6-crore order from Overseas Metal and Alloys for aluminium weasel conductors
On Monday, Godha Cabcon and Insulation received an INR 56.6-crore work order from Overseas Metal and Alloys. Godha Cabcon stated that the order is for providing aluminium weasel conductors and HT power cables. Regarding order execution, the corporation said the projected delivery time is within 30...
ICRA predicts domestic aluminium demand to continue growth in FY24 and FY25, primarily driven by the automotive sector
On Monday, August 28, India's significant rating agency, ICRA, stated that given the government's emphasis on infrastructure development, domestic aluminium demand growth is expected to continue solid at approximately 9 per cent over the next two fiscal years (FY24 and FY25). As per the Investment...
Saint Gobian considers investing INR 8,000 crore to meet demand for industrial solutions in India
Saint Gobian India is planning to invest almost INR 8,000 crore in the upcoming 4 to 5 years to boost capital expenditure and simplify the process of future acquisitions. The company is a renowned supplier of high-quality glass, steel or aluminium windows, doors, facades and other constructional...
Joint monitoring system to track aluminium and steel exports from India to the US is in its final stages
On August 24, 2023, a senior official from the concerned department stated that establishing a collaborative monitoring system to oversee aluminium and steel exports from India to the US is nearing completion. This system must be in place before shipments of these metals from India can be...
Primary aluminium weekly recap: Mahanadi Coalfields wants Government approval of INR 34,072 crore in Greenfield aluminium project
The primary aluminium sector has been busy with various crucial activities last week. As the world moves toward a sustainable, carbon-free future, energy-intensive industries must turn their production lines greener to achieve Net Zero. The Chalco Qinghai Branch was among the top Ten Chinese...
US aluminium scrap exports to Malaysia continue to fall M-o-M by 9.8% in May 2023
According to the US Census Bureau data, the United States exported 30,900 tonnes of aluminium scrap to Malaysia in May 2023. Compared to 34,100 tonnes in the previous month, the US aluminium scrap exports recorded a decline of 3,200 tonnes or 9.38 per cent. The downtrend continued from the previous...
TVS X, featuring aluminium alloy frame marks its debut in the Indian market
TVS Motor Company, a respected producer of two and three-wheelers, debuted its much-awaited flagship crossover electric scooter, TVS X, with a slew of industry-first features as part of its commitment to provide sustainable transportation solutions internationally. The TVS X is constructed on an...
Aluminium profile manufacturer RAC Extrusions joins the leading B2B platform AL CircleBiz
Founded in 1998, RAC Extrusions Limited manufactures aluminium profiles, sections, pipes, sheets, solar panel mounting structures, etc. The Haryana-based company has been successfully registered under the world's first B2B platform, AL CircleBiz, with 1500+ certified aluminium product sellers. AL...
