Nalco Reports 69 Percent Drop In Quarterly Profit Due To Higher Costs And Lower Aluminium Prices
India’s National Aluminium Co Ltd (NALCO) struggled in the quarter ending on December 31, reporting a 69 percent drop in...
The Aluminium Stewardship Initiative (ASI) certified Hindalco’s Belagavi Works plant in India for Alumina Hydrate, Calcined Alumina, Special Alumina Hydrate, and special Calcined Alumina under the ASI Performance Standard V2 (2017) Certification last week. The plant, which is in Karnataka, produces about...
India’s National Aluminium Co Ltd (NALCO) struggled in the quarter ending on December 31, reporting a 69 percent drop in...
Indian aluminium producer Hindalco Industries Limited joined The Aluminium Stewardship Initiative (ASI) last month as a new production and transformation...
India’s aluminium giant Hindalco is partnering with MIT-Harvard start-up accelerator program Manush Labs on a project to boost clean-tech startups...
Indian aluminium producer Hindalco Industries has reached an agreement with Greenko Energies Pvt Ltd to build a renewable energy plant capable of providing continuous 100 MW of electrical power to Hindalco’s Odisha aluminium smelter. According to local media, the project would involve the building of between 375 MW and 400 MW of solar and wind […]
India’s government has recommended the extension of anti-dumping duties on aluminium foil used for food and medicine packaging for another five years due to concerns of harm to domestic manufacturers of the same. The Directorate General of Trade Remedies (DGTR) published a notification this week advising the public of its decision, noting that it continues […]
Norway aluminium producer Norsk Hydro ASA has agreed to sell its Kuppam extrusion plant to Hindalco for US$33 million according to announcements by both companies earlier this week. The firms say the deal is an asset sale that will incur no debt. The fully integrated facility in Andhra Pradesh boasts a capacity of 15 thousand […]
The Indian government began a sunset review of the antidumping duties on 5.5 Micron to 80 Micron aluminium foil originating from the People’s Republic of China last week. The review was prompted by a request from Hindalco Industries Ltd, Raviraj Foils, and Jindal India Ltd. Domestic media is reporting that a statement from the Directorate […]
Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial results for the first quarter of fiscal year 2021 on Monday. Despite a very difficult global market, the firm managed several record financial highs. During the three months ending September 30 the firm reported a net income from continuing operations of US$144 million, which is […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...