India

Indian Government Pondering Minimum Import Price on Certain Aluminium Imports: Mines Minister

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 option, including imposing a minimum import price upon certain varieties of aluminium imports, in an effort at protecting his country’s native aluminium...

Events

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 […]

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 government did not find sufficient evidence that imported aluminium impacts the domestic aluminium industry’s bottom line. The Directorate General of Safeguards, which is the branch of the finance ministry charged with making such determinations, said […]

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 its raw material shortfalls. Currently Balco is harvesting two million metric tons per annum from its two allotted mines in Chhattisgarh. However this is not sufficient to meet the aluminium production boost at its Korba […]

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 […]