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Vedanta Aluminium, GAIL ink pact to supply natural gas for cleaner production
1732160963 from ENERGY
… natural gas daily through a dedicated 7.5 km pipeline to … . By transitioning to natural gas at our Jharsuguda operations, … carbon emissions and embracing cleaner energy solutions.” Sunil Gupta, Chief … impact. By adopting cleaner energy solutions, we aim to …
Is a Global Aluminum Shortage on the Horizon?
1732046400 from OILPRICE
Via Metal Miner The Aluminum Monthly Metals Index (MMI) steadied, with a 1.38% rise from October to November. Aluminum prices moved sideways during October. While they only managed a 0.99% rise, aluminum still managed to outperform other base metals during the month. However, prices started to slip by mid-November as they echoed the increasingly bearish trend emerging in markets like copper, nickel, zinc and tin. China to End Export Rebates for Aluminum and Copper Effective December 1, China will end export rebates for aluminum and copper products.…
GEP ECOTECH Delivers Aluminum Recycling Line for North America’s Largest Aluminum Producer
1731927600 from MINING
GEP ECOTECH supplied North America’s largest aluminum company with a production line to shred and purify baled scrap aluminum for smelting. MEXICO, November 18, 2024 /EINPresswire.com/ -- GEP ECOTECH, a global leader in metal recycling solutions …
China’s Bid to Rein In Exports Roils Aluminum Stocks and Prices
1731907245 from BLOOMBERG
China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows, with Chinese companies suffering steep stock declines while their international peers rally.
JBM, Agro-Invest sign MoU to transform former bauxite lands into agricultural hub
1731650445 from AGNEWS
… bauxite mining lands into innovative agricultural hub. This collaboration aligns … framework to promote investment in agriculture and agribusiness • Facilitate market linkages … underutilised lands into productive agricultural assets that benefit both …
Alcoa CEO on US-China Tariff Risks
1731385745 from BLOOMBERG
Bill Oplinger, President and CEO at Alcoa, discusses how the aluminum producer will manage tariff risks under a new Donald Trump administration in the US. He speaks exclusively with Haidi Stroud-Watts from the sidelines of the UBS Australasia Conference on "Bloomberg: The China Show." (Source: Bloomberg)
India’s Hindalco Reports 78% Jump in Profit on High Metal Prices
1731337129 from BLOOMBERG
Hindalco Industries Ltd., one of India’s largest aluminum and copper producers, reported a 78% jump in second-quarter profit, aided by higher prices of metals and a rise in income from non-core business sources.
China’s GEM and Vale Plan $1.42 Billion Indonesian Nickel Plant
1731298486 from BLOOMBERG
GEM Co., a Chinese battery-metal producer, and Vale SA’s Indonesian unit signed an agreement to build a $1.42 billion nickel plant in the Southeast Asian nation, highlighting the country’s drive to boost processing.
Latest News | Govt Plans to Issue ALMM for PV Cells to Push India's Green Energy Transition
1730007822 from ENERGY
… specified models and manufacturers of solar PV modules, whereas List-II … an ALMM mechanism for solar cells will boost domestic … energy goals, he added. Yogesh Dua, co-founder of UTL Solar … also benefit consumers with efficient solar projects". (This is …
Indonesia Forms $1.2 Billion Battery Venture with China’s CATL
1729158800 from BLOOMBERG
Indonesia announced a joint venture with China’s Contemporary Amperex Technology Co. Ltd. to invest $1.2 billion in battery production in the country, the latest boost to its ambitions of becoming a global hub for electric vehicles.
Arnest Packaging to build aluminium can plant in Uzbekistan
1729099299 from C ASIA
… an investment agreement with the Uzbekistan Investment, Industry and Trade Ministry … as saying: “Localising production in Uzbekistan will significantly strengthen the company … EAEU [Eurasian Economic Union] countries, Central Asia and the Caucasus, as well …
Uzbekistan to build $100 million aluminum can plant in Navoi.
1728999064 from C ASIA
… will enhance market activities across Central Asia and the Caucasus. Alexander Isaev … commitment to international markets. The Uzbek government is poised to support … significant step forward in enhancing Uzbekistan's manufacturing capabilities and …
Uzbekistan secures $100mn aluminum can plant deal with Arnest Packaging Solutions
1728982746 from C ASIA
… Industry and Trade of Uzbekistan has signed an investment … , Industry and Trade of Uzbekistan The agreement details an … the localization of production in Uzbekistan as a strategic move. … export markets in the EAEU, Central Asia, and Transcaucasia. It will …
Uzbekistan secures $100mn aluminum can plant deal with Ernest Packaging Solutions
1728982746 from C ASIA
… Industry and Trade of Uzbekistan has signed an investment … , Industry and Trade of Uzbekistan The agreement details an … to strengthen its presence in Central Asia and the EAEUSource: Ernest … the localization of production in Uzbekistan as a strategic move. …
Arnest Packaging Solutions to build aluminum can plant in Uzbekistan
1728980956 from C ASIA
… an investment agreement with the Uzbek government to build a plant … jobs. "Localizing production in Uzbekistan will significantly strengthen the company … export markets in EAEU countries, Central Asia and the Caucasus, as well …
Stellantis' Leapmotor Liaison: Choosing Plant in Europe To Manufacture
1728915212 from BLOOMBERG
Stellantis Board Member and the company's liaison to its Leapmotor joint venture Gregoire Olivier discusses its EV plans, the outlook for the sector, and manufacturing in Europe with Bloomberg's Oliver Crook at the Paris Auto Show. (Source: Bloomberg)
Rio Tinto Takes Step to M&A Redemption
1728852899 from BLOOMBERG
Good morning and welcome back, it’s Ainsley here with all the news you need to get your working week going. Today’s must-reads:• Rio returns to acquisitive growth• New Zealand lures foreign investors• Kiwis head offshore for better pay
Aluminum Electrode Foil Market Future Looks Bright for Big Revenues as Market Size Expands
1728808699 from ENERGY
… and Application (Automotive, Consumer Electronics, Communications, and Others): … layers, including aluminum electrode foil. By Application: … adoption of aluminum electrode foils in electric vehicle (EV … of electric vehicles and advancements in energy storage …
Vedanta Aluminium digitally connects metal quality analysis system with LME
1728562984 from BIZStNDRD
Vedanta Aluminium on Thursday said it has digitally linked its metal quality analysis system with the London Metal Exchange (LME) -- the global hub for trading industrial metals and setting benchmark prices. The move aims to streamline operations throughout the entire metal supply chain, from production to delivery, the company said in a statement. "This makes Vedanta Aluminium the first smelter in India to digitally link its metal quality analysis system with it and the fifth primary aluminium producer globally to establish a direct digital connection for Certificates of Analysis submission from its smelters to the LME Passport platform," it said. "...implementation of the LME Passport underscores our commitment to adopting cutting-edge digital technologies that enable us to meet the highest global standards in metal quality assurance," Vedanta Aluminium Chief Operating Officer (COO) Sunil Gupta said in a statement.
Vedanta reports increase in production of aluminium, zinc, iron ore in Q2
1728020682 from BIZStNDRD
Mining giant Vedanta Ltd on Friday reported a rise in production of aluminium, zinc and iron ore in the September quarter. However, the production of steel, mined metal overseas and oil and gas dropped during the quarter. The aluminium output grew 3 per cent to 6,09,000 tonnes in the second quarter compared to the same period last year, Vedanta said in a filing to BSE. At Zinc India, the saleable metal output grew to 2,62,000 tonnes from 2,41,000 tonnes. While at Zinc International the mined metal output dropped by 34 per cent to 44,000 tonnes, from 66,000 tonnes in the second quarter. Meanwhile, oil and gas output dropped 22 per cent to 1,04,900 boepd (barrels of oil equivalent per day), average daily gross operated production during the quarter from 1,34,100 boepd a year earlier. The production of saleable iron ore rose to 1.3 million tonnes from 1.2 million tonnes in the year-ago period. The total saleable steel production dropped 22 per cent to 2,96,000 tonnes and power sale