Aluminium

Downstream aluminium manufacturers have urged the Centre to cut customs duty on both primary aluminium and aluminium scrap, stating that the current tax structure has put micro, small and medium-sized enterprises (MSMEs) under severe cost pressure and eroded their competitiveness. The move comes at a time when MSME manufacturers in the aluminium value chain are facing pressure from higher global metal prices, freight costs and energy volatility. Any duty cut, if rolled out, could ease input costs for downstream industries, improve capacity utilisation and support exports. However, it may draw resistance from primary producers like Hindalco Industries Ltd and Vedanta Aluminium Ltd who benefit from the current import-parity pricing environment. In a joint representation to the mines ministry recently, the Aluminium Secondary Manufacturers Association (ASMA), along with the Cables and Conductors Manufacturers Association of India (CACMAI) and the Federation of All India Aluminium ...

Industry associations say the current duty structure has enabled import-parity pricing by domestic producers, raising input costs and squeezing the profitability of downstream MSMEs.

The Ministry of Mines has urged the Department of Revenue to remove the 2.5 per cent basic customs duty on aluminium scrap, citing lower costs for recyclers and stronger domestic value addition

The ministry has sought engagement with the EU over its Waste Shipment Regulation amid concerns that restrictions on scrap exports could affect Indian industry

Think tank GTRI says India's tariff structure encourages exports of primary aluminium while raising input costs for domestic manufacturers and MSMEs

Analysts see the aluminium business as the most attractive near-term play among the newly listed Vedanta entities, aided by scale, low costs and favourable commodity trends

At 11:32 AM on Wednesday, Vedanta quoted 3 per cent higher at ₹312.65 on the BSE, as compared to a 0.26 per cent rise in the BSE Sensex.

Vedanta plans to double aluminium capacity, scale oil output and expand power portfolio as it pursues aggressive growth across sectors following its demerger

Vedanta remains firm on its deleveraging plans, and going forward, higher cash flows will support both its expansion plans and deleveraging efforts.

Vedanta informed the stock exchanges that May 1, 2026, has been approved as both the effective date of its demerger and the record date to determine eligible shareholders.

Ather plans to reduce aluminium content in scooters to cut costs and improve margins, with up to 15 per cent savings expected on its upcoming EL platform

Vedanta reports record production across core segments in FY26, while Chairman Anil Agarwal calls for reforms and private sector participation in defence manufacturing

Nalco achieves record production and sales in FY26, with bauxite evacuation crossing 77 lakh tonnes and strong growth across alumina, aluminium and power operations

Writes to three ministries flagging MSME stress; seeks lower interest rates, loan moratorium, and working capital support amid shutdowns and fuel supply disruptions

Aluminium prices ease as Emirates Global Aluminium secures alternative export routes, easing supply fears linked to tensions around the Strait of Hormuz

The West Asia accounts for some 9 per cent of the world's aluminum output, and Alba's cuts add to other reductions that have stoked supply fears

Aluminum rose as much has 1.6 per cent to $3,499.50 a ton, the highest since April 2022, on the London Metal Exchange, following a gain of almost 10 per cent last week

QatarEnergy will also stop making downstream products including urea, polymers and methanol, according to a statement on Tuesday

Steel prices have rebounded and domestic demand is firm, while non-ferrous metals benefit from tight LME inventories and global supply issues, supporting a positive near-term view on metal stocks

Aluminium hits one-week low on reports US may ease tariffs, while copper, zinc and nickel fall amid profit-taking and risk-off sentiment ahead of Lunar New Year