Page 4 - Aluminium

China's protectionist move to curb aluminium scrap imports worries India

Indian aluminium makers see China as a major irritant: a concern duly acknowledged by their counterparts in US, the European Union, Canada, Mexico, Japan, and Brazil

Aluminium players to focus more on value-added products amid flat prices

Aluminium prices on the LME have tumbled to $1,775 per tonne (as on May 1, 2019) for the cash buyer, exceeding the cost of production of Indian producers

Aluminium makers fret as scrap imports close in on domestic sales

Between April and December of this fiscal, scrap imports touched 1,001 tonnes, steadily narrowing the gap with sales of 1,191 tonnes by domestic manufacturers

Downstream aluminium makers find exports unviable as imports swell

Imports from China have magnified after the US-China trade conflict

Rising input costs, soft LME prices to dent aluminium makers' profits

LME aluminium prices have been tanking for over four weeks, falling to $1,775 a tonne as on January 14, after scaling a seven-year high of $2,718 in April 2018

Bhubaneswar to host global aluminium meet in January

The conference centred on the theme 'Driving Growth and Development', will be held from January 31 to February 3

Commerce ministry favours hiking import duty on aluminium: Suresh Prabhu

The industry has demanded increase in import duties on aluminium scrap and primary aluminium amid a high growth in inward shipments of these items

Import surge chokes top line of aluminium companies in Q2 of FY19

Overall domestic sales of top producers Hindalco, Vedanta and Nalco inched up only 3.56%; all three firms had their market share eroded

Aluminium heading for a 5% loss on the month, nears 15-month low

Other metals also pulled back, with nickel hitting multi-month lows and zinc and lead dropping to their lowest in weeks

Aluminium scrap import rises 21% in Apr-Sep; AAI seeks higher import duty

In July, the association said, it had already apprised the Department of Industrial Policy and Promotion (DIPP) of the situation which could arise in future

As imports surge, aluminium companies look to widen export volumes

Amid rising threat of imports, the domestic producers have demanded the complete exclusion of aluminium from the purview of negotiations of Regional Comprehensive Economic Partnerships

US sanctions on Russia's Rusal boosts India's aluminium export to Japan

Japanese trading houses such as Mitsubishi Corp have been aggressively importing supplies from India

Aluminium industry says imports causing forex drain, urges PMO intervention

Aluminium Association of India says country is losing $4.5 bn in a scenario of growing trade deficit, domestic industry impacted

Aluminium majors hurt by spike in imports from US, China levies to blame

Primary aluminium producers fret as imports touch 60% of domestic consumption

National aluminium policy needed to strengthen output: Nalco CMD

'India needs to double its per capita consumption, increase applications of aluminium and go for 75 per cent value addition,' Chand said

Trade war: Aluminium cos need to expand markets beyond US, say analysts

US still accounts for a sizeable 11% share of Indian aluminium exports and domestic makers can explore alternate destinations to avoid the 10% duty on the metal

Aluminium's green dilemma: Import scrap of boost metal production at home?

Producers want import of scrap to be restricted to boost domestic capacity utilisation, but aluminium made of imported scrap is environmentally more sustainable

Aluminium sanctions convulse market as rally to $3,000 forecast

Prices of alumina, the semi-processed material used to make aluminum, are rocketing

Aluminium exports surge 34% on higher output, fall in consumption

Aluminium exports from the country have recorded a sharp rise of 34.6 per cent year-on-year (yo-y) during April-January of 2017-18 on expanding domestic production and fall in internal consumption.Exports of the white metal rose from 0.97 million tonnes to 1.3 million tonnes in the period.Production of primary aluminium in April-February of last fiscal expanded by 5.8 per cent y-o-y from 1.58 million tonnes to 1.67 million tonnes."Domestic demand of aluminium has not kept pace with the rising production. This has led to surplus aluminium for exports. Further, exports of aluminium have turned lucrative due to robust global aluminium prices", said an industry source.In April-February period of FY18, global aluminium prices strengthened by 22.4 per cent. Buoyant prices of aluminium have been supported by smelter capacity cuts in China where the government is cracking down on polluting industries. Aluminium smelter production cuts in China are expected to translate into closure of four ...

Aluminium makers want duty hike on scrap, abolition of coal cess

The GST compensation cess is currently charged at Rs 400 per tonne on coal