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
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
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. […]
Hindalco Calls On Protection From Imports As Low-Cost Aluminium Threatens To Flood Indian Producers
The call for protection against a flood of low-cost aluminium imports has again been raised to the Indian government, this time from the country’s top producer of the metal. Hindalco’s managing director Satish Pai told domestic media that the rising tide of wire rod, semis, and scrap from the People’s Republic of China and Southeast […]
India’s Retaliatory Trade Measures In Response To Trump Aluminium Tariffs Inappropriate – Deputy Trade Rep Gerrish
Wincing from retaliatory trade measures imposed by the Indian government, a senior United States trade official characterized India’s decision to implement such measures as inappropriate. Deputy United States Trade Representative Jeffrey Gerrish made the comments on Thursday before the first Annual Leadership Summit of US India Strategic and Partnership Forum (USISPF). According to Gerrish, the […]
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 ...
