India aluminium

Weak Rupee And Global Alumina Shortages Boost Nalco’s Quarterly Net Profit By 433 Percent

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...

MRAI Calls For Abolition Of India’s 2.5% Customs Duty On Scrap Aluminium

Secondary aluminium trade lobby group Material Recycling Association of India (MRAI) called upon Centre to drop the country’s 2.5-percent customs duty on imported scrap aluminium earlier this week. The move is in stark contrast with the Aluminium Association of India’s (AAI) continued calls for the duty on scrap to be raised to 10 percent. The […]

Indian Government Enacts Retaliatory Duties In Response To Trump Aluminium Tariffs

The Indian government responded to the Trump administration’s blanket tariffs on aluminium and steel by suspending concessions on over two dozen imported items from the United States, notifying the World Trade Organization that the tariffs it enacts, which will be on products including motorcycles, iron and steel products, lentils, and boric acid, are intended to […]

How is India Affected by Turmoil in Aluminium Markets?

The repercussions of the policies pursued by the Donald Trump administration on aluminium markets are too pronounced to be ignored. First, the US treasury invoked Section 232 of its Trade Expansion Act to clamp 10 per cent import duties on aluminium and extending trade barriers to some of its closest allies, including Canada, Mexico, and […]