Global primary aluminum output in December 2020 rose by 4.22% year-on-year: IAI

aluminium-.jpg

Global primary aluminum production grew to 5.67 million tonnes in December, up 4.22% year-on-year, accompanying continuing demand growth, the International Aluminium Institute  (IAI) reported. Average daily output during the month at 182,900 tonnes was nonetheless 0.33 per cent lower than in November 2020, IAI said. Primary aluminium is aluminium tapped from electrolytic cells or pots […]

Read more

Nalco plans Rs 30,000-cr investment for expansion, diversification by FY28

aluminium-.jpg

State-run aluminium maker Nalco will invest around Rs 30,000 crore by financial year 2027-28 on various expansion and diversification plans. Of this proposed investment, the company will spend over Rs 7,000 crore on a fifth refinery, development of Pottangi bauxite mines and transportation and Utkal D&E coal mines. The remaining Rs 22,000 crore will be […]

Read more

Aluminium producers likely to see pressure on profits: NALCO CMD, T.K. Chand

Falling global prices of alumina and aluminium are likely to put pressure on Indian producers of primary aluminium, which have achieved nearly full capacity utilization, said Tapan Kumar Chand, chairman and managing director, National Aluminium Corporation (Nalco) while addressing shareholders at the company’s annual general meeting, reports Business Standard. He also said that domestic prices were linked […]

Read more

Environmental concerns and public backlash derail alumina projects in Chinese cities

Four more cities in northeast China’s Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world’s biggest alumina refinery, reports Reuters. The new cancellations – announced in recent days by the cities of Fengcheng, Fuxin, Gaizhou and Huludao – mean projects designed […]

Read more

Recent hike in global alumina prices proves a bonanza for India’s state-owned NALCO

India’s Odisha-based National Aluminium Company (NALCO) is accumulating windfall gains from a recent spike in global alumina prices. The company’s strategy is to sell all of its surplus alumina at spot or index prices, instead of sealing long-term contracts, a move that will definitely boost its revenue and profit. Alumina contributes nearly 75 per cent to NALCO’s earnings before interest, taxes, […]

Read more

India’s Odisha state floats tender to develop bauxite lease

The Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease in the state. In the first year of operations, OMC, a state-run entity, targets to produce 1.5 million tonnes of bauxite. From second year onwards, the output is set to expand to three million tonnes per annum (mtpa). The start of operations at the Kodingamali […]

Read more