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...
Hindalco
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...
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...
Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid
According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China...
Events
Hindalco Mulling Exporting Excess Alumina Production
Cursed with an overabundance of alumina production, India’s Hindalco Industries Ltd is considering selling the excess to overseas buyers. According to comments made by Hindalco’s chairman Kumar Mangalam Birla, Utkal Alumina International Ltd has been producing more of the aluminium precursor than the company can use, forcing the firm to consider sales of it to […]
Novelis to Ramp Up Automotive Aluminium Offerings: Hindalco’s Pai
Hindalco Industries’ managing director Satish Pai told local media this week that the firm is continuing to position itself in front of an expected rise in automotive aluminium demand by expanding the offerings of their Atlanta subsidiary Novelis. Pai said that current production plans would have Novelis’ shipments of automotive aluminium rise to fully one-quarter […]
Hindalco Setting Aside US$3 Billion for Foreign Acquisitions
Indian mining giant Aditya Birla Group is reportedly setting aside at least US$3 billion in funding to be used for acquiring going concerns to add to its subsidiary Hindalco Industries. According to anonymous sources who spoke to domestic media, Aditya Birla is looking to make a move into the downstream aluminium sector. Such a move […]
Hindalco Eyeing Expanding Operations to China
In an interview with local media, Hindalco’s managing director Satish Pai opined that capacity cuts occurring in the People’s Republic of China may well be a boon for global aluminium prices. Noting that the Chinese government is in the midst of consolidating its steel industry in order to limit pollution, Pai stated that the same […]
India’s Aluminium Firms Register Protest Against Odisha’s Massive Hike in Power Duty
Indian aluminium giants National Aluminium Company Limited (Nalco), Vedanta Resources plc, and Hindalco Industries Ltd. have joined in a petition to the state government of Odisha seeking revocation of a recent gargantuan hike in the state’s power duty that they say has had a tremendous negative impact upon production costs. Odisha’s power duties have risen […]
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 and industry experts from all over the world to hear and exchange information on latest developments related to base metals and their ...
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 ...
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 ...
