India’s Government Considering Minimum Import Price on Aluminium
India’s government has again taken up the issue of minimum import prices (MIP) on aluminium, announcing on Friday of last...
Balvinder Kumar
Decision on MIP for Aluminium Expected Within Two Weeks: India’s Mines Secretary Kumar
India’s Ministry of Commerce sought clarifications from the Mines Ministry regarding the effects of an imposition of minimum import prices (MIP), according to Mines Secretary Balvinder Kumar. The same official revealed that a determination would be made within the next two weeks....
Nalco Plans to Increase Capacity in Next Fiscal Year
India’s National Aluminium Company (Nalco) announced late last week that it is planning to boost production in the coming fiscal...
Indian Aluminium Producers Seek Relaxation of Duties on Caustic Soda
Several Indian aluminium manufacturers, including Vedanta Ltd, Hindalco Industries Ltd, and National Aluminium Co. Ltd (Nalco) have petitioned their government...
Events
Indian Government to Study Downstream Effects Before Implementing Import Duty
India’s government will study potential effects upon downstream aluminium before coming to a decision on protective measures, such as import duties, for the industry as a whole. “We have asked MECON [Metallurgical & Engineering Consultants (India) Limited] to study the downstream sector for aluminium as they might get affected with the rise in duty,” Union […]
Decision by Indian Government on MIP for Aluminium Expected in Fifteen Days
The Indian government has again taken up the subject of a minimum import price (MIP) on aluminium, and, according to an official cited in the domestic press, a final decision is expected within the next fifteen days. India’s Mines Secretary Balvinder Kumar said that his ministry is looking into the proposition of an MIP on […]
Indian Government Asks Nalco to Rethink Iran Plant
The Indian government has directed the state-owned aluminium firm National Aluminium Co Ltd (NALCO) to reconsider plans to build a US$2 billion smelter in Iran. In May Nalco announced that it signed a Memorandum of Understanding with Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) to investigate the feasibility of establishing a joint […]
Government Tells Nalco to Reconsider Foreign Expansion Plans
India’s Mines Secretary said recently that National Aluminium Company should concentrate upon building more smelters domestically in order to take advantage of cheap and readily available power instead of pursuing overseas expansion projects. “We have asked Nalco to concentrate on making aluminum domestically, rather than exporting alumina,” Mines Secretary Balvinder Kumar said in a recent […]
Aluminium Development Council Coming Soon: India’s Mines Minister
India’s Mines Secretary Balvinder Kumar indicated that an Indian Aluminium Development Council was in the works in remarks made at an aluminium seminar yesterday. Speaking at the Aluminium Association of India’s seminar entitled “Aluminium: The Strategic Metal,” Kumar also commended the industry’s major players for coming together to weather the aluminium industry’s recent stormy past. […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
