Indian Government Pondering Minimum Import Price on Certain Aluminium Imports: Mines Minister
India’s Mines Minister Piyush Goyal told the lower house of India’s Parliament this week that his ministry was considering every...
India aluminium
India’s Mines Minister Says Downstream Development Key to Domestic Aluminium Industry’s Success
India’s minister for power, coal, mines and new and renewable energy Piyush Goyal says his government will continue to encourage value addition and self-sufficiency in the country’s aluminium industry in an effort to combat a flood of low-cost imports from abroad. While...
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...
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...
Events
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 […]
Metal Prices Could Rise by Fifteen Percent: Vedanta’s Agarwal
Chairman of Vedanta Resources plc Anil Agarwal expressed optimism in the future of the aluminium market in an interview published earlier this week. Agarwal indicated that the country’s recent demonetization push, which has seen the government withdraw 86% of the country’s money supply by value, has presented a challenge to the company, but was not […]
Nalco Plans to Increase Capacity in Next Fiscal Year
India’s National Aluminium Company (Nalco) announced late last week that it is planning to boost production in the coming fiscal year. According to statements reported upon by the domestic media, Nalco’s Chairman and Managing Director Tapan Kumar Chand will boost Nalco’s overall production to over 7.3 million metric tons (73 lakh tons). Nalco’s current capacity […]
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 ...
