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...
India aluminium
United States Willing To Grant Waiver On Aluminium And Steel Tariffs To Indian Producers: Domestic Media
Indian media reported yesterday that the United States government is amenable to granting the country’s aluminium smelters a conditional waiver of the Trump administration’s blanket 10-percent tariffs. Few details were released at the time, but Indian television channel ET NOW broke the...
Trump Aluminium Tariffs Hamper India’s Competitivity – Indian Trade Association
The Trump administration’s blanket tariffs on aluminium and steel may make Indian exports of the same significantly less competitive compared...
India To Reject Aluminium Quotas In Exchange For Tariff Exemption
Sources from within the Indian government indicate that it will not entertain the notion of exchanging blanket tariffs on aluminium...
Events
Aluminium Association of India Lobbies Government For Relief From Coal Rationing
Calls for relief from India’s aluminium producers from coal supply quotas intensified over the weekend, as the country’s main aluminium trade group vocalized concerns regarding the government’s choice in supplying free-standing power plants instead of power facilities dedicated to powering the country’s aluminium smelters. The Aluminium Association of India published a letter to the Indian […]
Indian Aluminium Exports Rise By 15.9 Percent In Second Quarter
India’s aluminium exports leaped by 15.9 percent in the second quarter this year, thanks in large part to a surplus in domestic aluminium stockpiles. The rise in exports came at an opportune time, as global aluminium supplies fell into a deficit in the quarter thanks to turmoil initiated largely due to tariffs and sanctions on […]
Indian Ban On Pet Coke Importation Worries Major Domestic Aluminium Producers
India’s aluminium and steel makers are reacting to news this week that the government has moved to end the importation of pet coke from abroad. “Import of pet coke is allowed for only cement, lime kiln, calcium carbide and gasification industries when used as feed stock or in the manufacturing process on actual user condition,” […]
Weak Rupee And Global Alumina Shortages Boost Nalco’s Quarterly Net Profit By 433 Percent
Indian state-owned aluminium smelter National Aluminium Company (Nalco) reported earnings for the April to June quarter earlier this week. A weak rupee coupled with alumina prices on the rebound teamed up to push financial numbers skyward in the period. As 46 percent of the firm’s sales are of alumina (a yearly total of approximately 1.3 […]
Vedanta Ltd. Plans US$8 Billion In New Projects Across All Sectors, Including Aluminium
Natural resource major Vedanta Limited is planning to invest almost US$8 billion in a wide range of projects over the next few years, including those involving the production of primary aluminium. Vedanta Ltd’s chairman Navin Agarwal made the announcement in the course of an address to the firm’s shareholders at its annual meeting on Friday. […]
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 ...
