Page 2 - Aluminium Industry
Near-term profit woes for Hindalco's India biz amid high energy costs
Margin recovery expected in the second half of FY23
 "Near-term profit woes for Hindalco's India biz amid high energy costs")
Demand, margin worries weigh on aluminium producers as crises continue
Metal's price has declined by a third in two months on LME; analysts differ on how supply-demand situation may pan out
 "Demand, margin worries weigh on aluminium producers as crises continue")
Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill
The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently
 "Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill")
Aluminium plants receive fewest coal rail rakes in six months
The industry got an average of 18.4 coal-laden carriages a day in the first half of March, the lowest since the 17.8 rakes it received in September
 "Aluminium plants receive fewest coal rail rakes in six months")
Firm demand, low global inventory to keep aluminium prices elevated: ICRA
A low inventory level of aluminium globally amid a tight demand-supply situation expected to aggravate the availability of the commodity in the rest of the world
 "Firm demand, low global inventory to keep aluminium prices elevated: ICRA")
Carmakers face soaring metal costs as supplies veer clear of Russian goods
Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters.
 "Carmakers face soaring metal costs as supplies veer clear of Russian goods")
Aluminium industry body urges PMO to ensure coal supply on priority
The Aluminium Association of India (AAI) on Wednesday said that non-power industries, including aluminium companies, has been "plagued" by a protracted coal shortage for the past seven months
 "Aluminium industry body urges PMO to ensure coal supply on priority")
Aluminium players say captive plants facing alarmingly depleted coal stock
Seeking government's help, the aluminium industry has also made a plea to earmark at least 25-30 coal rakes per day for economically viable and sustainable industry operations
 "Aluminium players say captive plants facing alarmingly depleted coal stock")
2 bn units of renewable energy procured for aluminium smelter: Vedanta
Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha.
 "2 bn units of renewable energy procured for aluminium smelter: Vedanta")
Hindalco's subsidiary Novelis to build aluminium recycling plant in US
Once the facility become fully functional, it is likely to generate 140 new jobs in Kentucky.
 "Hindalco's subsidiary Novelis to build aluminium recycling plant in US")
Miners body urges govt not to impose anti-dumping duty on caustic soda
Aluminium industry is one of the major consumers of caustic soda in the country
 "Miners body urges govt not to impose anti-dumping duty on caustic soda")
Aluminium industry seeks cut in basic custom duty on critical raw materials
The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw materials
 "Aluminium industry seeks cut in basic custom duty on critical raw materials")
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.
Vedanta sees India's aluminium output reaching 5 million tonnes in 5-6 yrs
Vedanta is raising annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of about Rs 4,681 cr
 "Vedanta sees India's aluminium output reaching 5 million tonnes in 5-6 yrs")
DJSI 2021: Hindalco emerges as world's most sustainable aluminium co
Hindalco Industries Ltd, the metals flagship of Aditya Birla Group, on Tuesday said it has once again emerged as the world's most sustainable aluminium company in the Dow Jones Sustainability Indices 2021. Hindalco "has achieved the No. 1 rank in the aluminium industry for its sustainability performance in the 2021 edition of the S&P Dow Jones Sustainability Indices (DJSI) corporate sustainability assessment (CSA) rankings", the company said in a statement. Hindalco is the only aluminium company to enter the exclusive DJSI World Index in 2021 and retains its membership in DJSI Emerging Markets Index. The DJSI World Index comprises the top 10 per cent of the largest 2,500 companies by market capitalisation in the S&P Global Broad Market Index based on long-term economic and ESG (environmental, social and governance) factors. "This is the second consecutive year that Hindalco is at the top of the DJSI Indices having achieved a score of 73 percentage points against an industry ...
 "DJSI 2021: Hindalco emerges as world's most sustainable aluminium co")
Aluminium hits $3,000 a ton for first time in 13 years on supply snarl
The metal kept climbing Monday after advancing 15% over the last three weeks
 "Aluminium hits $3,000 a ton for first time in 13 years on supply snarl")
Aluminium industry frets that its supply snarls have just begun
That's the message coming from producers, consumers, traders and shippers at North America's largest aluminum conference, which ended Friday.
Aluminium jumps again as Guinea coup adds to supply worries
Aluminium, which is used in everything from car parts to drinks cans and home appliances, had already climbed about 38% this year in London before the coup
 "Aluminium jumps again as Guinea coup adds to supply worries")
Aluminium hits 10-year high as demand roars, China supply curbed
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
 "Aluminium hits 10-year high as demand roars, China supply curbed")
Aluminium industry staring at 3-5 day coal inventory amid CIL's supply cut
The aluminium industry CPPs signs FSA with Coal India and its subsidiaries for assured long term coal supply
