Page 2 - Aluminium Industry
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
Inflation comes for aluminum, as the everywhere metal surges
Demand is set to surge on the back of climate-change investment
 "Inflation comes for aluminum, as the everywhere metal surges")
Nalco posts extraordinary Q4 results on back of global boom in aluminium
Higher aluminium prices led to 855% rise in net profit in FY21
 "Nalco posts extraordinary Q4 results on back of global boom in aluminium")
Urgent need for at least 5% remission rate for aluminium sector: AAI
The Aluminium Association of India (AAI) on Wednesday expressed urgent need for at least 5 per cent remission rate for the sector under the tax refund scheme RoDTEP to ensure global competitiveness.
 "Aluminium's contribution in enhancing global competitiveness of Indian metal industry: Mr. Abhijit Pati")
2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic
While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes
 "2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic")
Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur
Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta
 "Aluminium export can touch $10 bn with govt help: Vedanta's Ajay Kapur")
US imposes tariffs on aluminum sheet from India, 17 other countries
The US International Trade Commission would make the final determination in February 2021, says Wilbur Ross
 "US imposes tariffs on aluminum sheet from India, 17 other countries")
Hindalco Industries plans to sell 65% aluminum overseas this year
Exports during the year that started April will increase to as much as 65% of total output compared with 50% last year, Managing Director Satish Pai said
 "Hindalco Industries plans to sell 65% aluminum overseas this year")
Hike in prices of renewable certificates unnerves aluminium players
REC prices have spiked by 125% over past 12 months, even as manufaturers grapple with depressed international prices, slump in domestic demand
 "Hike in prices of renewable certificates unnerves aluminium players")
IIT Madras develops light-weight alloy to replace steel, aluminium in cars
There has been a lot of focus on lowering carbon footprint of vehicles by using light-weight material in their bodies, as lighter vehicles consumer less fuel
 "IIT Madras develops light-weight alloy to replace steel, aluminium in cars")
Better off than most competitors during Covid crisis: Jindal Aluminium MD
In a Q&A, Pragun Jindal Khaitan says his firm has a well-diversified product mix, so if there is a loss in demand in one sector, it makes up by pushing innovation and new products in another
 "Better off than most competitors during Covid crisis: Jindal Aluminium MD")
Govt ends monopoly over coal; opens mining sector to private players
Joint auctions of bauxite and coal blocks expected to reduce dependence on imports
 "Govt ends monopoly over coal; opens mining sector to private players")
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
 "Aluminium firms seek tariff, non-tariff support fearing sluggish demand")
Coronavirus takes away the sheen from Hindalco's Aleris acquisition
While two units are to be divested, outlook for high-end aerospace business is soft
 "Coronavirus takes away the sheen from Hindalco's Aleris acquisition")
