Page 3 - Aluminium Production
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
 "Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2")
Weak forecast for aluminium prices to affect domestic producers next year
Aluminium prices are expected to soften by 1.7% in 2020 after an expected decline of 15.1% in calendar 2019
 "Weak forecast for aluminium prices to affect domestic producers next year")
Aluminium makers stare at consumption slowdown on auto sector stress
The prevailing economic slump and auto sector stress are likely to moderate consumption of aluminium products
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's alumina production cost falls 17% in Q1, lowest in two years
In FY19, Vedanta's average alumina production cost stood at $322 per tonne
 "Vedanta's alumina production cost falls 17% in Q1, lowest in two years")
Primary aluminium producers facing severe coal crisis, high power cost: AAI
According to AAI, the aluminium producers have to import the dry fuel which leads to increased cost of production
 "Primary aluminium producers facing severe coal crisis, high power cost: AAI")
Indian aluminium makers defy global trend, log 12% growth in April-July
Nalco and Vedanta are looking to improve smelter capacity utilisations in this financial year
