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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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, […]

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