India Aluminium Producers Petition Government For Relief From Coal Tax
India’s aluminium industry petitioned the national government for the removal of taxes on coal in the coming fiscal year in...
indian aluminium production
India Metals Federation Lobbies Government For Bump In Aluminium Import Taxes
India’s mining community is appealing to the government for protection from market flooding of cheap aluminium and other metals from the People’s Republic of China in the form of higher import taxes. Reuters reported earlier this week that the Federation of Indian...
Vedanta Projects India’s Aluminium Output To Reach 5 Million MTPA Within 5 Years
Aluminium production from India could rise by up to 25 percent over the next four to five years, which would...
Hindalco To Increase Exports Of Aluminium To Offset Drop In Domestic Demand
Indian aluminium smelter Hindalco said last week it plans to increase overseas sales of its output in the coming year...
Events
India’s Output Growth To Slow Thanks To Soft LME Prices And Maxed-Out Capacity
India’s aluminium production in the coming fiscal year is expected to taper off compared to previous years thanks in part to a weak market for the metal at the London Metal Exchange (LME) in recent months. Such was the conclusion drawn by India’s ratings firm CARE Rating Limited and spelled out in a report released […]
Vedanta Resources Posted Record Aluminium Production Total Last Quarter
London-based Indian metals and mining firm Vedanta Resources plc released production totals for the second quarter and first half of FY 2018 on Tuesday, posting record production totals across several segments including that of aluminium. The firm produced a company-record total of 401 thousand metric tons in the quarter ending September 30, a 36-percent rise […]
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 […]
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 an Indian newspaper. Balco is planning to reach a yearly output of almost six million metric tons of aluminium at its smelter in Chhattisgarh, central India. “All units – the smelter, power project, sheet rolling […]
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 […]
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 ...
