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...
Hindalco
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...
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...
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,...
Events
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 […]
Novelis To Establish Global Network Of Automotive Aluminium Innovation Centers
Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced plans to establish a worldwide network of Customer Solution Centers (CSCs) in an effort at fostering greater cooperation between and among itself and automakers in ushering in the next generation of vehicle design. Per the firm’s press release, the CSCs will house researchers, designers, and […]
Hindalco Inks Deal With Indian State Of Gujarat To Build New Aluminium Extrusion And Recycling Plants
Indian aluminium smelter Hindalco Industries signed a Memorandum of Understanding (MoU) last week with the Western India state of Gujarat to establish what will ultimately become the state’s largest aluminium extrusion and aluminium recycling plants. According to local media reports, the MoU was executed on Friday by Hindalco Industries managing director Satish Pai and principal […]
Good Product Mix And Aluminium Price Recovery Boost Novelis Bottom Line In Latest Quarter
Atlanta’s rolled and recycled aluminium firm Novelis Inc. reported financial and production results for the first quarter of fiscal 2019 yesterday. Numbers were up across the board thanks to an advantageous mix of product offerings and a rise in aluminium prices. The firm reported a net income of US$137 million for the year’s first quarter, […]
Utkal Alumina Expansion To Be Complete Within 30 Months – Hindalco’s Pai
Hindalco subsidiary Utkal Alumina International told domestic media on Wednesday that the 500 thousand metric ton per annum expansion at its plant in Rayagada is scheduled to be completed within the next 2-1/2 years. Hindalco’s managing director Satish Pai elaborated upon the firm’s progress at the plant. “Our Utkal plant remains the most efficient producer […]
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price falling to US$ 1765/t on May 10 (cash LME, US$ 1800.5/t 3-month), the lowest since January 2017. While there is no one ...
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium ...
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to ...
Alumina Market Update: Surplus Of Alumina, Lower Prices Expected In 2019
2018 was a turbulent year for both the alumina market and the price, signified by the fact that spot price ...
