India’s Nalco Pressured Against Value Addition: Mines Minister
The domestic market has been the biggest obstacle facing state-owned National Aluminium Co. Ltd (Nalco) in its effort to transition...
nalco
Nalco Partners with NTPC Ltd on New 1 MTPA Aluminium Smelter in Odisha
India’s National Aluminium Company (Nalco) announced earlier this week that it plans to build a new greenfield smelter at Kamakhyanagar in the state of Odisha. The project, which is expected to cost ₹360 billion (US$5.3 billion), will be built in conjunction with...
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...
Indian Aluminium Producers Forecast Double-Digit Demand Growth
India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth...
Events
Nalco Senior Execs to Visit Iran Next Month
India’s state-owned firm National Aluminium Co. Ltd (Nalco) is sending a study group comprised of senior executives to Iran next month. The group is tasked with examining the feasibility of building and operating an aluminium smelter and powering it with a gas-fired power plant. An ease in sanctions on Iran and an increased emphasis on […]
Decision by Indian Government on MIP for Aluminium Expected in Fifteen Days
The Indian government has again taken up the subject of a minimum import price (MIP) on aluminium, and, according to an official cited in the domestic press, a final decision is expected within the next fifteen days. India’s Mines Secretary Balvinder Kumar said that his ministry is looking into the proposition of an MIP on […]
Nalco Declares Forty Percent Dividend for FY 2015-16
India’s state-owned aluminium firm National Aluminium Company (NALCO) declared a forty percent dividend at the firm’s 35th annual General Meeting in Bhubaneswar. This represent the biggest dividend declared by the firm since its capital restructuring in the spring of 2011. Managing director Dr. Tapan Kumar Chand congratulated the stakeholders on allocation of Odisha’s Pottangi Bauxite […]
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 Development & Renovation Organization (IMIDRO) to investigate the feasibility of establishing a joint […]
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 advantage of cheap and readily available power instead of pursuing overseas expansion projects. “We have asked Nalco to concentrate on making aluminum domestically, rather than exporting alumina,” Mines Secretary Balvinder Kumar said in a recent […]
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 ...
