India’s domestic aluminium MSME firms suffer decrease in margins on rising imports

With imports of finished aluminium products having risen over 50 per cent year-to-date, the micro, small and medium enterprises (MSME) segment is witnessing sharp margin contraction and slim hope for change in situation for the next six months. “Margins of MSME players have dropped to 2-3 per cent, from 8-10 per cent, as the surge in finished […]

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Over 100 mineral blocks in India ready for online auctions, says mines minister

As many as 100 virgin mineral blocks across the country are ready for online auctions, said Union minister for mines, rural development, parliamentary affairs and Panchayati Raj Narendra Singh Tomar. “So far, 53 mines have been auctioned. The electronic auction of these assets has brought in incremental revenue of Rs 1.43 trillion to states. The additional revenue […]

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FLSmidth to expand Hindalco’s alumina refinery in Odisha, India

Denmark-based FLSmidth will supply machinery and equipment for the 0.5 million tonnes peer annum extension of the world class refinery of Utkal Alumina International Limited (UAIL) in Odisha. Utkal Alumna International is a wholly-owned subsidiary of Hindalco Industries, an industry leader in aluminium and copper. It is the metals flagship company of the Aditya Birla […]

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US lifts Rusal sanctions; aluminium prices fall; supply to increase

The US government’s widely expected decision late Sunday to lift sanctions on Russia’s UC Rusal, one of the world’s biggest primary aluminum producers, led to a noticeable fall in the LME primary aluminum price. Traders are pointing to the possibility of bigger falls in future, as it is unclear how quickly material stockpiled at Rusal […]

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India’s non-ferrous metal firms raise concerns over New Delhi joining RCEP – report

India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]

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India needs a national aluminium policy to strengthen output, says NALCO chief

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At least 75 percent of the envisaged 10 million tonnes of production of the National Aluminium Company (NALCO) should be in the downstream sector, the company’s chairman said. “Existing aluminium application is only 300 (tonnes) in India as against 3,000 (tonnes) globally. India needs to double its per capita consumption, increase applications of aluminium and […]

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