Hindalco To Increase Exports Of Aluminium To Offset Drop In Domestic Demand
Indian aluminium smelter Hindalco said last week it plans to increase overseas sales of its output in the coming year...
Hindalco
Hindalco Inks Agreement To Supply Red Mud To Indian Cement Firm UltraTech
Indian aluminium smelter Hindalco and India’s biggest cement and concrete firm UltraTech Cement Ltd. have entered into an agreement for Hindalco to supply 1.2 million metric tons of red mud to UltraTech’s 14 plants across India. Per the firm, red mud is...
Indian Government Approves Hindalco Plan For Second Alumina Refinery In Odisha
Indian aluminium smelter Hindalco obtained permission from the national government earlier this week for its planned greenfield alumina refinery in...
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...
Events
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 the firm a challenge in the quarter, Hindalco says stable operational performance carried it through. In the first quarter Hindalco’s consolidated EBITDA fell by 13 percent, from ₹4,335 crore last year to ₹3,770 crore this […]
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 to a weak market for the metal at the London Metal Exchange (LME) in recent months. Such was the conclusion drawn by India’s ratings firm CARE Rating Limited and spelled out in a report released […]
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 year, most of which will be devoted to speeding expansion operations at its Utkal alumina refinery and as part of its five-year push to double its value-added production. Such was the message of Hindalco’s managing […]
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) […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
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 ...
