Hindalco Turns In Strong Financials for Second Quarter of FY 2017
Hindalco Industries Limited reported unaudited earnings for the second quarter of fiscal year 2017 on Saturday. Numbers for the firm...
India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to...
Hindalco Industries Limited reported unaudited earnings for the second quarter of fiscal year 2017 on Saturday. Numbers for the firm...
Novelis reported numbers for the second-quarter of fiscal year 2017 earlier today. The firm reported increases in both financial and...
Although Europe’s economy is stagnant at present, demand for rolled aluminium is strong. So said Novelis Inc.’s senior vice president...
Rolled aluminium producer Novelis pledged to donate US$1 million to Habitat for Humanity on Friday, to be distributed over the next five years. The firm indicates that it is doing so in honor of its fifth annual “One Novelis Volunteer Month.” According to the press release, Novelis employees around the globe come together to serve […]
India’s Bharat Aluminium Company (Balco) withdrew a case against the Coal Ministry at the Delhi High Court last week. Balco initially filed against the ministry opposing its decision to reject its winning bid for a coal block in Chhattisgarh. Balco initially “won” the bid in March 2015. However, the ministry subsequently rejected the bid, saying […]
For primary aluminium producers in India saddled with humongous debt, shifting focus to value added products is the new buzzword, and understandably so. Volatile LME prices have eroded much of the margins of top producers like Aditya Birla Group owned Hindalco and London listed metal conglomerate Vedanta’s aluminium operations in India. Between them, the two […]
The Indian government has again taken up the subject of a minimum import price (MIP) on aluminium, and, according to an official cited in the domestic press, a final decision is expected within the next fifteen days. India’s Mines Secretary Balvinder Kumar said that his ministry is looking into the proposition of an MIP on […]
India’s National Green Tribunal (NGT) instructed the country’s forest department to inspect Utkal Alumina International Limited (UAIL) to determine whether its operations at Rayagada are situated on forest land. Sanjit Kumar Turuk, listed as the petitioner, filed a petition with NGT alleging that UAIL was given a mining lease and allowed to operate an alumina […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...