Page 4 - Aluminium

A power crisis on an old track and a plan that was never implemented

The Railways' decision to stick with steel wagons may have contributed to the shortage of rakes to haul coal to generating plants

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Vedanta Ltd's aluminium, zinc output grow 8%; iron ore 18% in Jan-Mar '22

Mining giant Vedanta Limited reported a rise of 8 per cent in its production of aluminium and zinc and that of iron ore by 18 per cent during the quarter ended March 31, 2022

Kumar Mangalam Birla to spend $7.2 bn on aluminium demand bet

Birla-owned Hindalco Industries will invest the amount mainly across its businesses in India and North America

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

US agrees to lift Donald Trump era taxes on British steel, aluminum

The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration.

Future looks bright for Hindalco, and Ukraine war may have a part to play

Higher aluminium prices, tighter supplies and lower debt are positive triggers

Vedanta Aluminium launches low carbon aluminium, unveils two product lines

The first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium already has interest from environmentally conscious customers

Coal shortage now at alarming levels, say aluminium producers

The Aluminium Association of India (AAI) has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry

Jindal Aluminium acquires Indo Alusys' extrusion plant for Rs 100 crore

Once fully operational, Jindal Aluminium's extrusion capacity will rise from 125,000 tonnes to 139,000 tonnes. The deal will help revive the local economy, benefit community and other stakeholders

Vedanta's cast metal aluminium production at smelters jumps 16% in Q3FY22

The total production at Zinc-International for the third quarter of FY22 was 52,000 tonnes

Vedanta Aluminium Business invites partners for aluminium park at Odisha

The Aluminium Park will offer facilities such as water, power, hot metal supply, dross processing plant, as well as other benefits to companies that set up their manufacturing units in the park.

Hope for Hindalco, Nalco investors as aluminium demand may outstrip supply

Though volatile, most analysts don't expect prices to decline further

The $5 billion hoard of aluminium the world wants but can't have

Now, with demand roaring and China curbing supply, consensus view is that outlook has never looked brighter for prices while mountains of aluminum are vanishing just when manufacturers need them most

Market unimpressed with Vedanta's value unlocking plan as group debt weighs

Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out

Vedanta sees India's aluminium output reaching 5 million tonnes in 5-6 yrs

Vedanta is raising annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of about Rs 4,681 cr

Vedanta mulls value-unlocking through separate listing of businesses

The board has also appointed various advisors to assist in evaluating the options, said the filing

EU, US end clash over steel, aluminium tariffs, to work on global deal

Biden said the deal immediately removed tariffs on the European Union steel and aluminium, imposed by the previous administration, and lowered costs to US consumers

Aluminium firms draw costly power from grid, hurting utilities low on coal

A crippling shortage across the country has pushed state-run Coal India to impose temporary supply curbs to non-power consumers

Aluminium notches new 13-year high as supply fears predominate

Aluminum was one of the first targets in China's efforts to curb industrial energy usage