Indian Government Continues to Pursue Consensus between Primary and Secondary Aluminium Producers on MIP
Despite a nearly Herculean effort at bringing the two sides together, India’s Mines Ministry has been unable to bring primary...
Indian Ministry of Mines
Indian Government Asks Nalco to Rethink Iran Plant
The Indian government has directed the state-owned aluminium firm National Aluminium Co Ltd (NALCO) to reconsider plans to build a US$2 billion smelter in Iran. In May Nalco announced that it signed a Memorandum of Understanding with Iranian Mines & Mining Industries...
Government Tells Nalco to Reconsider Foreign Expansion Plans
India’s Mines Secretary said recently that National Aluminium Company should concentrate upon building more smelters domestically in order to take...
Nalco to Increase Aluminium Capacity, Consider Ceasing Alumina Exports
State-owned aluminium major National Aluminium Company Ltd (NALCO) has been asked by the Indian Ministry of Mines to substantially increase...
Events
Nalco’s Bottom Line Sound Despite Difficulties in Global Market: Chand
Dr. Tapan Kumar Chand, chief of India’s state-owned aluminium firm National Aluminium Company Limited (Nalco), said his firm is financially sound despite the amount of struggling smelters in the industry. “Nalco has remained profitable all through by successfully handling the market downturn, by maximising bauxite mining and alumina refining, adding new pots and augmenting production, […]
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 Government Proposes Aluminium Duty Hike
India’s Ministry of Mines has proposed an increase in the country’s aluminium duty from 5% to 7.5%, as well as a correction of the industry’s inverted duty structure. The changes are aimed at benefitting Indian aluminium producers like Hindalco, Vedanta Aluminium and Nalco. The industry advocates an increase in the import duty on aluminium scrap […]
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 ...
