Page 4 - Aluminium Industry

Nalco posts extraordinary Q4 results on back of global boom in aluminium

Higher aluminium prices led to 855% rise in net profit in FY21

Urgent need for at least 5% remission rate for aluminium sector: AAI

The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.

Aluminium's contribution in enhancing global competitiveness of Indian metal industry: Mr. Abhijit Pati

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2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur

Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta

US imposes tariffs on aluminum sheet from India, 17 other countries

The US International Trade Commission would make the final determination in February 2021, says Wilbur Ross

Hindalco Industries plans to sell 65% aluminum overseas this year

Exports during the year that started April will increase to as much as 65% of total output compared with 50% last year, Managing Director Satish Pai said

Hike in prices of renewable certificates unnerves aluminium players

REC prices have spiked by 125% over past 12 months, even as manufaturers grapple with depressed international prices, slump in domestic demand

IIT Madras develops light-weight alloy to replace steel, aluminium in cars

There has been a lot of focus on lowering carbon footprint of vehicles by using light-weight material in their bodies, as lighter vehicles consumer less fuel

Better off than most competitors during Covid crisis: Jindal Aluminium MD

In a Q&A, Pragun Jindal Khaitan says his firm has a well-diversified product mix, so if there is a loss in demand in one sector, it makes up by pushing innovation and new products in another

Govt ends monopoly over coal; opens mining sector to private players

Joint auctions of bauxite and coal blocks expected to reduce dependence on imports

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft

Budget 2020: Aluminium industry seeks lower import duty on raw materials

AAI said Indian aluminium industry is under immense threat and struggling to retain global competitiveness

Aluminum players urge govt to reduce customs duty on critical raw materials

AAI has also suggested to the government to increase import duty on 'aluminium scrap' at par with primary aluminium metal to 10 per cent from the present 2.5 per cent

How low tariffs have turned India into a dumping ground for aluminium scrap

Aluminium recyclers are happy that scrap is spared any extra customs duty burden

Vedanta-Balco's new products paving way for Make in India: CEO Abhijit Pati

The head of one of India's top aluminium producers is bullish about the offtake of the metal by auto makers and construction players once the slowdown is over

Fearing no response, Odisha govt delays auctioning of bauxite blocks

Across the country, six bauxite blocks have been offered for competitive bidding. All six blocks have been auctioned in Maharashtra, data from the Union mines ministry website showed

Why the aluminium industry is having a hard time

Aluminium is a highly power-intensive industry, with power accounting for 40% of the production cost

Recycled aluminium demand surges 800 bps over 3 fiscals: CRISIL Research

Primary aluminium makers focus on exports and value-added products