Aluminium Import

Production of iron ore, manganese ore, primary aluminium rises in H1FY25

The production of iron ore, manganese ore and primary aluminium increased in the first six months of the ongoing financial year, government data showed. As per provisional data, production of iron ore rose 5.5 per cent to 135 million tonne (MT) in April-September FY25 over 128 MT in the year-ago period. Output of manganese ore increased by 6.2 per cent to 1.7 MT in April-September from 1.6 MT during the corresponding period of previous fiscal year, the mines ministry said in a statement. In the non-ferrous metal sector, primary aluminium production in April-September rose by 1.2 per cent to 20.90 lakh tonne (LT) from 20.66 LT in the year-ago period. "During the same comparative period, refined copper production has grown by 4.6 per cent from 2.39 LT to 2.50 LT," the ministry said. Iron ore accounts for about 70 per cent of the total mineral production by value. Production of iron ore was 274 million tonne in 2023-24. Continued growth in production of iron ore in the current finan

Budget 2024: MRAI urges govt to remove import duty on aluminium scrap

Ahead of the budget, recycling industry bodyAI has urged the government to remove the import duty on aluminium scrap, saying it will help promote sustainability in the industry. According to the Material Recycling Association of India (MRAI), the recycling process of aluminium scrap emits only 0.3 million tonnes (MT) of Co2 on per tonne of production compared to 14 tonnes of carbon emissions on the production of 1 MT of aluminium through smelters route which involves maintaining of coal-based capacities for power supply. "Among the key challenges faced by the Indian aluminium recycling industry is 2.5 per cent import duty on aluminium scrap. It is a key raw material for aluminium recycling and the government should make it to zero until the quality material (scrap) is available in sufficient quantity in the domestic market,"AI said in a letter to Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman will present the full Union Budget for the financial year 2024-25

Budget 2024: Aluminium makers urge govt to up import duty on scrap to 7.5%

Aluminium producers have made a plea to the government to increase import duty on aluminium scrap to 7.5 per cent from present 2.5 per cent in the upcoming budget. They have also sought maintaining the duty on primary aluminium imports at the current rate of 7.5 per cent or a marginal rise to 10 per cent. The move would discourage the influx of sub-standard materials and safeguard the domestic industry which provides livelihood to over 10 lakh people. In its representation to the finance minister, the Aluminium Association of India (AAI) has asked the government to control imports by fixing scrap import duty at par with that on primary aluminium, i.e. 7.5 per cent. AAI has also called for maintaining the duty on primary aluminium imports at the current rate of 7.5 per cent or a marginal rise to 10 per cent, encompassing downstream products as well, in order to protect the domestic market from inundation of cheap imports. Despite sufficient domestic production, primary aluminium .

WTO rules against Trump's steel and aluminum tariffs

The World Trade Organisation has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules. Trump's tariffs of 25% on foreign steel and 10% on aluminum outraged America's long-standing allies, including the European Union and Japan, because he relied on a little-used provision of U.S. trade law to declare their steel and aluminum a threat to U.S. national security. China and other trading partners challenged the tariffs at the 164-nation WTO. In a ruling issued Friday, the WTO said it was not persuaded'' that the United States faced an emergency in international relations'' that would justify the tariffs. Friday's decision, however, will likely have little real-world impact. If the United States appeals the ruling, it will go nowhere. That's because the WTO's Appellate Body hasn't functioned for three years, ever since the U.S. blocked the appointment of new judges to the panel. And the Biden ...

Aluminium heads for more supply chaos as Joe Biden weighs Russia ban

The Biden administration is considering options including sanctions on Russia's top producer of aluminium as the White House looks to punish Moscow for its military escalations in Ukraine

Vedanta keen to collaborate with auto sector to reduce aluminium imports

The company said it has been a long-time partner to the auto industry, developing product solutions perfectly tailored to their evolving needs.

Govt won't impose countervailing duty on few Malaysian aluminium imports

Domestic firms had alleged that subsidised imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports

Primary aluminium players seek import duty hike on premium products to 10%

Hindalco Industries and Anil Agarwal-led Vedanta Limited are private aluminium producers in the domestic market.

Vietnam keeps anti-dumping duty on aluminium originating from China

Vietnam on Tuesday decided to keep anti-dumping duty on aluminium from China

Canada to retaliate as Trump administration slaps 10% tariff on aluminium

Speaking at a factory in Ohio on Thursday, Trump said that the 10 per cent tariff will affect non-alloyed unwrought aluminium articles

Despite spike in aluminium demand, Indian producers fear Chinese threat

Demand for aluminium has ebbed worldwide but producers fear Chinese manufacturers, buoyed by government incentives, will flood even this market

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

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

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Aluminium scrap imports up 6.5% despite 13% slump in auto production

Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils

Depressed alumina prices have mixed impact on domestic firms, Vedanta gains

Nalco loses heavily while there is no direct impact on Hindalco

Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2

Firm aims to achieve Rs 1,500 a tonne; LME prices of metal stood at $1,756 a tonne as on November 14. At this price point, 10% of the global smelters are incurring cash losses

Corporation tax rate cut to help Nalco tide over sagging alumina prices

The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal

Flagging consumption and import surge hurt India's aluminium producers

Sales of aluminium companies fell by 10.8 per cent in the period as imports lead market.

Vedanta to export over 50% of aluminium as India increases imports

The company is also focused on strong growth of the domestic market