AAI’s Call For Limits on Aluminium Imports Favor Big Smelters At SMEs’ Expense – ASMA
An Indian association of secondary aluminium manufacturers issued a scathing rebuke to comments made last week by the Aluminium Association...
Hindalco
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...
India’s Aluminium Sector Asks Government for Import Quotas on Chinese Scrap
Representatives of India’s aluminium sector approached government leaders earlier this week to petition for the imposition of import quotas on...
State and Federal Lawmakers In Attendance for Groundbreaking of Novelis Automotive Aluminium Plant in SW Kentucky
Atlanta’s rolled and recycled aluminium firm Novelis Inc. played host to an august body of dignitaries on Monday as it...
Events
Vedanta Firms Up Steady Local Bauxite Supply for Lanjigarh Refinery at OMC Auction
The results of Odisha Mining Corporation’s (OMC) first-ever bauxite auction were a boon for Vedanta, who finally secured a steady stream of affordable bauxite ore for its refinery at Lanjigarh. The deal is currently projected to have OMC providing 800 thousand metric tons of bauxite to Vedanta over the course of the current financial year […]
Continuing Rebound in Aluminium Prices Boost Hindalco’s Q3 Net Profits by 17 Percent
Aditya Birla Group’s aluminium arm Hindalco Industries Ltd. released results for the just-ended third quarter of fiscal year 2018 late last week. The firm’s financials were markedly improved in the quarter thanks to the recovery of aluminium prices among other factors. The firm’s revenues in the quarter of INR11,023 crore were up quarter-on-quarter from last […]
Hindalco Seeking Government Go-Ahead to Double Utkal Alumina Refinery Output to 3 MTPA
In an effort at shoring up the feedstock stream into Hindalco’s Aditya smelter, Aditya Birla Group’s Utkal Alumina International Ltd has petitioned the Indian government for permission to double the alumina output of its Odisha refinery to 3 million metric tons per annum. According to domestic media, Utkal delivered its petition to the expert appraisal […]
Novelis to Open US$300 MM Automotive Aluminium Sheet Plant in SW Kentucky
American rolled and recycled aluminium firm Novelis Inc. unveiled plans yesterday to construct and operate a 200-thousand-metric-tons-per-annum automotive aluminium sheet manufacturing facility in Guthrie, Kentucky. Per the firm’s press release, the US$300 million greenfield facility will feature heat treatment and pre-treatment lines for use in producing aluminium sheet for subsequent molding into such automotive parts […]
Sources Say Hindalco Offering US$2.5 Billion for Rolled Aluminium Firm Aleris
Hindalco Industries Ltd. has tendered an offer to buy Cleveland rolled aluminium firm Aleris International, Inc. for US$2.5 billion according to unnamed sources who spoke to Bloomberg earlier this week. According to the unnamed sources, the move is part of Kumar Mangalam Birla’s continuing gambit to grow his global industrial footprint. Per the sources, the offer […]
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 ...
