Page 2 - Aluminium

Vedanta Aluminium partners with PwC India for sustainability initiatives

Vedanta Aluminium on Thursday announced the expansion of its partnership with PwC India to scale up sustainability initiatives across its operations in Odisha and Chhattisgarh. Initially centred on biodiversity projects around Vedanta's Jharsuguda smelter, the partnership will now extend across all its operational regions and will also focus on decarbonisation, water positivity, and biodiversity conservation, marking a major step in integrating sustainability throughout the company's value chain, the company said in a statement. "This collaboration with PwC exemplifies our unwavering dedication to driving sustainable growth and championing environmental stewardship. Anchored in robust ESG principles, we are actively working towards carbon neutrality by 2050 and supporting India's net zero vision for 2070," Vedanta Aluminium Chief Executive Officer Rajiv Kumar said. Kumar further noted that "by addressing critical ecological challenges, improving operational efficiencies, and placing

Trump signs order hiking steel, aluminum tariffs to 50%, exempts UK

The order said that raising the existing tariffs would offer stronger support to domestic industries and help reduce or eliminate the national security threat posed by imports of steel, aluminium

Trump's move to double tariffs on aluminium imports to hurt sector: AAI

Aluminium industry body AAI has expressed concerns that US President Donald Trump's announcement to double tariffs on aluminium imports in that country will hurt the Indian manufacturers who are already under pressure from surging low-cost imports. On May 30, Trump announced that he would double the existing 25 per cent tariffs on aluminium imports from June 4. "The 50 per cent tariff announced by Trump will damage the Indian aluminium industry, which is already under pressure from surging low-cost imports," Aluminium Association of India (AAI) said. The metal has strategic importance to the country and critical to industries such as defence, aerospace, energy transition, telecommunications, power and construction, it said, adding that both primary aluminium and poor quality scrap are entering the country in large volumes, threatening to create a surplus, suppress domestic prices, and undercut the viability of domestic producers. Though the government just announced a 12 per cent .

Trump, Starmer hail limited US-UK trade deal, but 10% tariffs remain

President Donald Trump agreed on Thursday to cut tariffs on UK autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favourable terms on his import taxes, which are roiling the global economy. Under the framework agreement, the United Kingdom is to buy more American beef and ethanol and streamline its customs process for goods from the United States. But Trump's baseline 10 per cent tariffs against British goods are to stay in place, and the Republican president suggested that even higher import taxes would be charged on other countries trying to reach deals with the US. That's a low number, Trump said of the UK's 10 per cent tariff rate, adding that other countries would face higher tariff rates in their deals because the US runs trade deficits with them and in many cases they didn't treat us right. The announcement provided a political victory for UK Prime Minister Keir Starmer and offered a degree of validation for .

Duties on steel, aluminium not safeguard measures: US tells India at WTO

India previously sought WTO consultations on US metal tariffs. The US responded, saying the measures are rooted in national security, not safeguard provisions

Rio Tinto to make India comeback via green aluminium project with AM Green

Rio Tinto to partner with AM Green for a $5-7 billion green aluminium project in India, marking its return after nearly a decade; project to be powered by renewable energy

India's trade deficit widens to $21.54 bn, exports see 0.7% growth in March

Imports witnessed 11 per cent growth year-on-year at $63.51 billion

Vedanta board approves appointment of Rajiv Kumar as CEO of aluminium biz

Vedanta on Wednesday said its board has approved the appointment of Rajiv Kumar as CEO of its aluminium business. The development comes at a time when Vedanta is demerging its businesses, including its aluminium business, into four independent entities. "The board of directors at its meeting held on Wednesday, March 26, 2025, has inter alia considered and approved appointment of Rajiv Kumar as CEO - Aluminium Business and designating him as senior management personnel at Vedanta Ltd effective March 26," the company said in a regulatory filing. On recommendation of the nomination and remuneration panel, the board has approved the appointment of Kumar for three years. Prior to joining Vedanta, Kumar was with Tata Steel. He has over three decades of experience in the steel and mining sectors. "He will lead overall strategy for the Aluminium business including an effective demerger approach for maximising value, development of strategic alliances to fast-track business delivery as wel

Caught in the geo-politics storm, Indian metal makers to see choppy prices

Base metals such as copper and aluminium are expected to see global deficits

Canada initiates WTO dispute complaint on US steel, aluminium duties

The request was circulated to World Trade Organization members on Thursday

Exporters seek import duty cuts to counter US steel, aluminium tariffs

The 25% US tariffs on steel and aluminium imports, effective March 12, have raised Indian exporters' concerns about declining orders and rising costs

Novelis expects improved outlook in near term, Q4FY25 to outperform Q3

Upstream revenue in aluminium stood at Rs 9,990 crore in Q3FY25 (+25 per cent Y-o-Y).

Hindalco Q3FY25 results: Net profit up 60.2%, beats street estimates

Profit boost from robust India aluminium business and higher other income

Trump signs proclamations to close steel, aluminium tariff loopholes: WH

Leavitt noted that Trump continues to take bold action to protect the steel and aluminium industries of the US

Trump's steel, aluminum tariffs may drive up car costs: Industry leaders

President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration's aggressive global trade agenda and ambitions to strengthen US industry, but they could have an inverse effect. On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25 per cent tariff on aluminum. That could have a serious impact on domestic auto companies including Ford, GM and Stellantis and make these companies' vehicles more expensive for the nation's car buyers. Tariffs on crucial products coming from outside of the US places pressure on domestic sourcing of the materials, experts say. The basic rules of supply and demand could drive up costs. "Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term," said Sam Fiorani, analyst at AutoForecast Solutions

Trump's steel tariff threat hammers related stocks; Nifty Metal falls 3%

Steel tariff Trump news: US President Donald Trump may announce a 25-per cent tariff across all the imports of steel and aluminum as early as Monday

Vedanta's Rs 1 trillion aluminium refinery to be built in Odisha's Raygada

Mining conglomerate Vedanta on Tuesday said the company's Rs 1 lakh crore aluminium refinery and smelter project will be set up in Raygada district of Odisha. The first phase of the project is expected to be commissioned in the next three years, which will be expanded later, company Chairman Anil Agarwal said. Vedanta in October last year announced that it will make Rs 1 lakh crore investment in Odisha to build a 6 MTPA alumina refinery and a 3 MTPA green aluminium plant. However, the place where it will be set up was not revealed then. Speaking on the sidelines of the state's business conclave, Utkarsh Odisha-Make in Odisha, Agarwal said, We will establish the aluminium refinery of 6 million tonnes per annum (MTPA) capacity and aluminium smelter of 30 lakh tonne capacity in Rayagada district. The total investment will be around Rs 1 lakh crore. He said the mining conglomerate has got Sijimali bauxite mine in Rayagada district, which is now being developed for exploration. During

Aluminium seen as an outlier among metals; Hindalco better placed

The suspension of bauxite exports by Guinea in Oct'24 has tightened the alumina market

Ten EU nations write letter seeking wider sanctions on Russian-origin metal

There are more than 2,000 individuals and entities on the EU's sanctions list, but not Russian metal producers such as Rusal or primary metal produced in Russia

Vedanta slumps 15% from Sept 30 peak: is it a good entry point?

Strong Q2 performance, improved earnings visibility keeps analysts bullish on the counter