Novelis Record Financial Performance Shines Amid Dim Results For Hindalco In FY ‘20’s First Quarter
Indian metals firm Hindalco reported results for the first quarter of fiscal year 2020 last week. Though the market presented...
Hindalco
Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over...
India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity
India’s aluminium production in the coming fiscal year is expected to taper off compared to previous years thanks in part...
Hindalco To Push Value-Added Aluminium Sales To 1 Million MTPA: Pai
Indian aluminium producer Hindalco expects to spend ₹26 billion (US$370 million) in capital expenditures over the course of the current...
Events
Hindalco Halts Operations At Jharkand Alumina Refinery After Red Mud Release
The collapse of a red-mud storage area and resulting injuries prompted Hindalco Industries to suspend operations at an alumina plant in Northeast India. Per the firm, the collapse injured four workers, while a fifth contract employee disappeared and is still missing. “There was an incident in the red mud (bauxite residue) storage area connected to […]
Hindalco Considering Move Into Lithium Production
Indian aluminium firm Hindalco Industries is mulling entering the lithium market in a bid to enhance its aluminium business. Such is the news from domestic media earlier this week. Hindalco’s managing director Satish Pai told the media that the move lacks only an opportunity before becoming a reality. “Lithium is the closest to our (aluminium) […]
Spike In Imported Aluminium Pushes India’s Exports Of Ingot Up By 21 Percent During April Through September
A tidal wave of low-cost aluminium imports squeezed out a 21-percent jump in aluminium exports by Indian producers in the first half of the fiscal year (April through September), but the saturated market blunted sales growth to only 2 percent on the year. In the opening half of FY 2019, exports of aluminium ingot totaled […]
Flood Of Chinese Aluminium Takes Toll On Indian Primary Aluminium Production In Third Quarter
Indian aluminium firms saw sales to domestic companies fall off in the previous quarter despite production growth and strong demand, as experts say a rising tide of aluminium from the People’s Republic of China is to blame for stunting sales growth. Per numbers from the July through September quarter, Hindalco Industries, Vedanta Ltd, and National […]
Novelis’ Net Sales Jumped By 18 Percent On The Year To US$3.1 Billion During Last Quarter
Atlanta’s rolled and recycled aluminium firm Novelis Inc. released results for the second quarter of its fiscal year 2019 yesterday, turning in numbers largely down from the same period last year despite a rise in sales. In the just-ended quarter, Novelis reported US$3,136 million in net sales, up from US$2,794 million over last fiscal year’s […]
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an old tradition, a one-day field trip for conference delegates was organized to the Aluminium of Greece (AoG) plant, some 180 km from ...
International Aluminium 2019 Conference – Key Takeaways
The FastmaketsMB aluminium conference is the sequel to the Metal Bulletin aluminium conferences, which have traditionally been one of oldest ...
Electric Vehicles (EVs): outlook for sales and aluminium demand
After last year’s electric vehicles (EVs) sales increase of 72% year/year, to 2.02 million, this year’s growth is expected to ...
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and ...
