India aluminium

Indian Aluminium Production Increasing to Meet Domestic Demand

Indian Aluminium Production Increasing to Meet Domestic Demand

A report released late last week forecasts India’s domestic aluminium production to rise 3.5 percent over the next several years, closely following the rise in India’s demand for the metal. India credit rating agency CARE Ratings Limited released its report, entitled “Aluminium...

Vertical Integration Gives Hindalco an Edge Against Input Costs: Satish Pai

The aluminium market in India is on the rebound, and it couldn’t have come at a better time for Hindalco Industries Ltd. So said the firm’s managing director Satish Pai in an interview published by a domestic newspaper on Wednesday. Pai indicated that he expected aluminium prices to stay in a somewhat narrow range over […]

Higher Prices and Greater Volume Lift Vedanta’s Q3 Results

London-based Indian metals and mining firm Vedanta Resources plc released unaudited consolidated results for the third quarter of fiscal year 2017 on Tuesday. Higher commodity prices and increases in production volume helped enhance the firm’s bottom line in the quarter. Net sales and income from operations in the just-ended quarter totaled ₹19,320 crore, up 31% […]

Indian Government Contemplating Measures to Combat Dumping of Downstream Aluminium

India’s Power, Coal and Mines Minister Piyush Goyal said in an interview yesterday that anti-dumping duties and minimum import prices were being considered to combat increased imports of cheap downstream aluminium products. “Aluminium industry has faced a lot of stress in the last one year. I believe aluminium has huge potential in India. Our neighbouring […]

India’s Downstream Aluminium Association Pushes Back Against Call for Aluminium MIP

India’s Aluminium Secondary Manufacturers Association (ASMA) appealed to the country’s Ministers of Finance and Commerce late last week, publishing an open letter calling on them to “stop Injustice against 3500 Aluminium MSME” that they say would be done by implementing a minimum import price on aluminium. “It has been reported in the media that Ministry […]

Vedanta’s Total Aluminium, Alumina Output Up in Latest Quarter of Fiscal Year

Vedanta Resources plc released production totals for the third quarter of its 2017 fiscal year on Monday, boasting substantial increases in both the quarter and the first nine months of the fiscal year. The firm’s total aluminium production for the third quarter totaled 319 thousand metric tons, which was a 37% increase year-on-year, and an […]