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...
India aluminium
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...
Indian Government Declines Imposing Safeguard Duty on Imported Aluminium
The Indian government has decided against imposing import safeguards against overseas aluminium. According to the announcement, made on Tuesday, the...
Balco to Ramp Up Bauxite Production at Chhattisgarh Mines
India’s Bharat Aluminium Company (Balco) said recently that it intends to increase bauxite ore production in an effort at meeting...
Events
Sources: Indian Government Soon to Impose MIP on Primary Aluminium
A minimum import price (MIP) on primary aluminium imported into India may soon be a reality according to sources within the Indian government. India’s state-run engineering consulting firm Metallurgical & Engineering Consultants (India) Limited (MECOM), who was commissioned by the Aluminium Association of India to study solutions for protecting the domestic aluminium industry, returned a […]
Indian Aluminium Producers Seek Relaxation of Duties on Caustic Soda
Several Indian aluminium manufacturers, including Vedanta Ltd, Hindalco Industries Ltd, and National Aluminium Co. Ltd (Nalco) have petitioned their government to exempt domestic alumina producers from the anti-dumping duties on caustic soda. Known formally as sodium hydroxide (NaOH) and informally in some regions as “lye,” caustic soda is an metallic base and alkali inorganic compound […]
Indian Aluminium Producers Forecast Double-Digit Demand Growth
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 an increased public investment in infrastructure, reforms in the country’s power sector, and […]
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 were up, thanks in large part to a strong showing in aluminium. Hindalco’s revenues in the quarter were ₹95.62 billion, which was basically level year-on-year. PBITDA came in at ₹14.93 billion, up 39% year-on-year, and […]
Value addition can bail out debt laden Indian producers
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 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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
