Nalco’s Odisha Aluminium Smelter Reaches Full Production For The First Time In Company History
Indian state-owned aluminium smelter National Aluminium Company Limited (NALCO) has, for the first time in its history, achieved full operation...
Indian Ministry of Mines
India’s Government Panel Recommends Expedited Approval Of Sustainable Bauxite And Aluminium Production Permits
A panel of the Indian government has asked that environmentally-responsible permits for bauxite mining be fast tracked in order that the country’s significant bauxite reserves may be tapped into sooner rather than later. Headed up by Bharatiya Janata Party leader Rakesh Singh,...
NALCO To Invest ₹30,000 Crore On Expansions At Angul Aluminium Smelter
India’s National Aluminium Company (NALCO) is planning to invest over ₹30,000 crore (US$17.7 billion) through 2028 on expanding and diversifying...
India To Begin Limiting Aluminium And Copper Imports From China And Other Asian Neighbors
Indian government and aluminium industry sources told Reuters earlier this week that the country is soon to begin monitoring aluminium...
Events
Nalco Plans Establishment Of Technology Division
India’s state-owned metals firm National Aluminium Company (Nalco) is planning to establish a new technology division in order to better position itself to take advantage of increasing demand from the country’s tech sector. In an interview with a domestic financial media outlet, Nalco’s chairman and managing director Tapan Kumar Chand said his company plans to […]
Federal Auditors Take Nalco To Task For Weak Performance And Lost Financial Opportunities
India’s state-owned aluminium producer National Aluminium Company Ltd was taken to task last week by the national auditor for failing to perform to expectations and acting slowly in developing coal mines given to it by the government. The Comptroller and Auditor General said in a report submitted to Parliament last week that the firm lost […]
India’s Mines Minister Says Downstream Development Key to Domestic Aluminium Industry’s Success
India’s minister for power, coal, mines and new and renewable energy Piyush Goyal says his government will continue to encourage value addition and self-sufficiency in the country’s aluminium industry in an effort to combat a flood of low-cost imports from abroad. While speaking to an audience of industry executives earlier this week Goyal said that […]
Despite Tough Aluminium Market, Nalco’s Financial and Production Numbers Up in the Last Quarter
India’s state-owned National Aluminium Company (Nalco) released results for the third quarter of the current fiscal year last week. The country’s top manufacturer and exporter of alumina and aluminium turned in positive results in the face of a still-struggling global commodities market. Nalco’s net profit for the quarter ending in December was INR144 crore, better […]
Decision on MIP for Aluminium Expected Within Two Weeks: India’s Mines Secretary Kumar
India’s Ministry of Commerce sought clarifications from the Mines Ministry regarding the effects of an imposition of minimum import prices (MIP), according to Mines Secretary Balvinder Kumar. The same official revealed that a determination would be made within the next two weeks. The decision by Commerce to impose a MIP comes on the heels of […]
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 ...
