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...
Hindalco
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...
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...
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...
Events
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 […]
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, […]
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 ...
