Aditya Birla Group has entered the wires and cables business with an investment of INR 18 billion (USD 190 million), launching the new business under the name Ultravolt. Chairman Kumar Mangalam Birla said the group's experience with aluminium and copper will be important in the new business,...
India-based Lumino Industries made its BSE debut at INR 109 (USD 1.15) per share, 32.93 per cent above its issue price. The stock later touched a high of INR 113.65 (USD 1.2) and a low of INR 106.48 (USD 1.13), with more than 7 million shares traded on the exchange. Lumino Industries operates in...
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Copper prices spiked to a record high in late January, touching nearly USD 15,000 per tonne, driven by supply shortages alongside surging demand from the green-energy transition and data centres. Aluminium, by contrast, trades at roughly a quarter of copper's price. The catch is performance:...
Rising copper prices are encouraging automakers and manufacturers to increase the use of aluminium wiring as a lower-cost and lighter alternative, with companies such as Ferrari and BMW expanding its adoption across new vehicle models. The shift comes as the price ratio between copper and aluminium...
Norwegian aluminium producer Hydro has showcased how aluminium supports modern football, highlighting the metal's role in broadcasting technology and stadium infrastructure during major sporting events. According to the company, aluminium's combination of light weight, strength, electrical...
Five persons, including an employee of the Kerala State Electricity Board Limited (KSEB) and a contract worker, have been arrested for allegedly stealing more than 100 kg of aluminium line conductors from the Vazhikkadavu KSEB office in Kerala's Malappuram district. According to police, the theft...
According to SMM statistics, as of June 18, days of inventories at domestic aluminium rod plants stood at 1.82 days , down 0.84 days from the same period last week (2.66 days on June 12); the inventory ratio fell from 9.28 per cent to 6.87 per cent , a decline of 2.41 percentage points, and...
China's aluminium wire exports surged in May as rising aluminium prices and favourable trade incentives drove a sharp increase in overseas shipments. Official customs data showed that exports of aluminium wire reached 50,224 tonnes in May, up 222.67 per cent from April and surpassed the combined...
Although BALCO, owned by Vedanta, doesn’t get a lot of attention for its aluminium wire rods, they are an important part of the supply chain for power transmission and distribution projects across India. BALCO manufactures the wire rods at its Korba plant in Chhattisgarh and sells them to cable and...
As solar projects continue to expand across the globe, aluminium conductor cables are increasingly being adopted across DC collection systems, AC transmission lines and medium-voltage interconnections. With lower material costs than copper and advanced aluminium alloy conductors, the metal is...
This week, the operating rate at leading aluminium downstream processors in China came in at 63.6 per cent, down 0.4 percentage points W-o-W. Off-season characteristics emerged, with most segments under general pressure, while only the aluminium wire and cable sector bucked the trend and held up...
The downstream and end-user segments of the aluminium industry delivered a diverse mix of developments, ranging from corporate earnings and infrastructure-led demand growth to changing electric vehicle sales patterns and new manufacturing technologies. Aluminium processors benefited from stronger...
1. Aluminium semis exports overview In April 2026, China's aluminium semis exports showed a strong rebound. According to customs data, April exports of aluminium semis (including aluminium extrusion, aluminium plate/sheet and strip, aluminium foil, etc.) reached 535,700 tonnes, up 20.9 per cent...
Surging aluminium prices driven by the Middle East conflict, fuelled by a tax gap across the Strait of Hormuz, have prompted Chinese producers and traders to ramp up supply of aluminium in processed or semi-fabricated form rather than as ingots. Consequently, China’s aluminium stranded wire exports...
