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India: Imported aluminium scrap prices decline w-o-w amid weaker LME and subdued buying
04 Jul 20265MINS
Recycled AL
India's imported aluminium scrap prices fell sharply w-o-w, pressured by weaker LME aluminium prices and sluggish demand from domestic buyers. According to BigMint's latest assessment for CFR Nhava Sheva deliveries, UK-origin zorba 95-5 scrap prices declined by USD 135 per tonne W-o-W to USD 2,750 per tonne, while US-origin tense 6-7 per cent scrap prices dropped by USD 140 per tonne W-o-W to USD 2,525 per tonne, as subdued buying interest and bearish global market sentiment continued to weig ...
India strengthens green fuel exports with long-term supply deals to Japan
04 Jul 20262MINS
SupplementAL
India is strengthening its position as a global supplier of green fuels following the signing of long-term offtake agreements between ACME Cleantech Solutions (ACME Group) and Japan's IHI Corporation for green ammonia and Mitsubishi Gas Chemical Company, Inc. for green methanol. Speaking at the signing ceremony, Renewable Energy Secretary Santosh Kumar Sarangi said India's green hydrogen sector is becoming commercially mature, with the country's clean fuels increasingly positioned as reliable ...

04 Jul 20264MINS
Recycled AL
The Aluminium Association of India (AAI) has urgently appealed to the Prime Minister’s Office to protect the domestic aluminium industry from a surge of low-quality aluminium scrap. The industry body warns that rising global protectionism has left India highly vulnerable, threatening massive domestic investments and draining the nation's exchequer. AAI noted that the domestic aluminium industry is presently confronting a severe "double-whammy" scenario due to increasing imports and diminishing ...
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