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...
Hindalco Industries Ltd.
Hindalco’s Belagavi Works Certified Under Aluminium Stewardship Initiative’s Performance Standard
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...
Hindalco Joins Aluminium Stewardship Institute As Production And Transformation Member
Indian aluminium producer Hindalco Industries Limited joined The Aluminium Stewardship Initiative (ASI) last month as a new production and transformation...
Hindalco Teams Up With Manush Labs To Boost Clean Tech Start Ups
India’s aluminium giant Hindalco is partnering with MIT-Harvard start-up accelerator program Manush Labs on a project to boost clean-tech startups...
Events
Hindalco Inks Agreement With Greenko For Construction Of Sustainable Electric Plant For Odisha Aluminium Smelter
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 Extends Anti-Dumping Duties On Chinese Aluminium Foil Imports
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 […]
Hindalco Purchases Kuppam Aluminium Extrusion Plant From Norsk Hydro For US$33 MM
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 […]
Indian Government To Review Antidumping Duties On Aluminium Foil From China
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 […]
Novelis Records Record Production, Financial Results In July To September Quarter
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 […]
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 ...
