Page 6 - Aluminium

Zinc, aluminium at multi-year lows as coronavirus devastates commodities

Decline in silver over 3%, gold holds fort with a marginal loss

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

New CPCB pollution norms to hurt viability of CPP-based industries

Aluminium producers to be among worst hit

Aluminium firms seek cut in input duties as production costs, imports swell

Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina

Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%

In Q1 of FY20, the country's GDP growth touched a six-year low of 5%

Novelis' strong Q2 performance saves the day for parent Hindalco

Analysts say the demand for aluminium from the US auto industry remains favourable and there are supply constraints for aluminium cans too

Auto slowdown has no decipherable impact on Vedanta's performance: CEO

While reducing the cost of production to $1500 per tonne is our mid-term vision, we have given a guidance of $1725 to $1775 per tonne for the current fiscal

Aluminium producers likely to see pressure on profits, says NALCO chief

Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.

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

Aluminium makers working with Niti Aayog, BIS to check scrap misuse

Imports of aluminium scrap into India are growing unabated, helped by a benign duty of 2.5 per cent and fuelled by US-China trade tensions

Aluminium makers expect prices to pick up even as supplies stabilise

According to World Bank commodities report, aluminium prices on the LME will average at $1,940 per tonne in calendar 2019

Aluminium players mope over import spate, preferential treatment to steel

The aluminium sector stranded without government benefits, has seen imports soaring by 40 per cent in the last three years

China's protectionist move to curb aluminium scrap imports worries India

Indian aluminium makers see China as a major irritant: a concern duly acknowledged by their counterparts in US, the European Union, Canada, Mexico, Japan, and Brazil

Aluminium players to focus more on value-added products amid flat prices

Aluminium prices on the LME have tumbled to $1,775 per tonne (as on May 1, 2019) for the cash buyer, exceeding the cost of production of Indian producers

Aluminium makers fret as scrap imports close in on domestic sales

Between April and December of this fiscal, scrap imports touched 1,001 tonnes, steadily narrowing the gap with sales of 1,191 tonnes by domestic manufacturers

Downstream aluminium makers find exports unviable as imports swell

Imports from China have magnified after the US-China trade conflict

Rising input costs, soft LME prices to dent aluminium makers' profits

LME aluminium prices have been tanking for over four weeks, falling to $1,775 a tonne as on January 14, after scaling a seven-year high of $2,718 in April 2018

Bhubaneswar to host global aluminium meet in January

The conference centred on the theme 'Driving Growth and Development', will be held from January 31 to February 3

Commerce ministry favours hiking import duty on aluminium: Suresh Prabhu

The industry has demanded increase in import duties on aluminium scrap and primary aluminium amid a high growth in inward shipments of these items