Indian Government Passes on Imposing Minimum Import Price on Aluminium
The Indian government will not institute a minimum import price (MIP) on aluminium, as it is of the opinion that...
India
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...
Nalco Turns In Lower Numbers for First Quarter of FY2017
Although production in the first quarter of the current fiscal year grew by ten percent year-on-year, National Aluminium Company Limited’s...
Balco Returns to Full Production After Two Years
Bharat Aluminium Company Limited (BALCO) is now running at full speed, according to remarks made by the firm’s CEO to...
Events
Lower Material Costs and Higher Production Boost Hindalco’s Q1 2017 Numbers
Indian aluminium producer Hindalco Industries Ltd. turned in numbers for the first quarter of FY 2017 yesterday. The Aditya Birla Group subsidiary turned in substantially better bottom-line numbers in the just-ended quarter compared to last year’s Q1. The firm increased aluminium production in the quarter by seventeen percent to 308 thousand metric tons. A drop […]
Balco Resumes Production of Rolled Aluminium
India’s Bharat Aluminium Company Limited (Balco) began sheet rolling aluminium again last week. The metal major’s sheet rolling shop (SRS) at Korba closed last August due to aluminium dumping by the People’s Republic of China and the associated drop in aluminium prices, causing the shop to run significant financial losses. According to the company, minor […]
Nalco Signs Memorandum of Understanding with Government Targeting Higher Output and Capex Totals
India’s Navratna CPSE National Aluminium Company Limited (Nalco) and the Ministry of Mines announced the signing of a Memorandum of Understanding setting forth higher output targets for the current fiscal year. Under the memorandum, Nalco’s targeted revenue (less exise duty) has been pegged at US$1.06 billion. Output targets rose as well, to 2.1 million metric […]
Indian Smelters Gearing Up to Take On Flood of Chinese Aluminium
India’s aluminium companies are rebooting in an effort to combat the flooding of their domestic market by the government-subsidized smelters in the People’s Republic of China. Hindalco currently owns 46% of the domestic aluminium market share, but imports from China fill the second-largest slice of the market at just over a one-fifth share. China’s tremendous […]
Indian Government: Aluminium Tariffs Will Not Solve Sector’s Problems
India’s Economic Survey 2015-16, released on Friday of last week, indicated that aluminium production costs rose even though global costs remained static. The Survey went on to say that raising tariffs to quell imports of cheap aluminium would do harm to downstream sectors like power, transport and construction. According to the survey, India’s aluminium industry […]
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 ...
