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Aluminium Industry Trend & Analysis, Technology Review, Event Rundown and Much More …

Aluminium Industry Trend & Analysis, Technology Review, Event Rundown and Much More …

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Aluminium prices hit six-month high in China as the economy shows signs of stabilizing

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Aluminium prices have hit a six-month high in China following comments by Chinese Premier Li Keqiang that the country’s economy is showing signs of stabilizing. The metal, which is used in everything from soda cans to mobile phones, closed at 11,740 yuan ($1,804) per metric ton and ended a seven-month losing streak. Aluminium futures, meanwhile, […]

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Aluminium Stewardship Initiative takes up climate change action in line with COP 21

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The Aluminium Stewardship Initiative (ASI) was launched in 2012 to foster greater sustainability and transparency throughout the aluminium industry. Supported by key industry players, ASI is working with a broad base of stakeholders to assess industry-specific sustainability challenges, opportunities and needs. The COP 21 meetings in Paris in December 2015 have resulted in an agreement to keep […]

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Future of Vedanta in the face of high debt, low metal price and raw material crisis

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Vedanta ltd is trying hard to tackle multiple operational setbacks caused majorly by low metal price, rising debts and raw material scarcity. Vedanta has cut costs by as much as 25% throughout this market turmoil. Mr. Agarwal confirmed that the company will “tighten” capital spending and “do whatever is necessary” by way of innovation to survive this condition profitably. Vedanta is aiming at improving their core skill and technical expertise. However, unless the raw material security is assured in a market situation where metal price is at rock bottom, input costs are high and cheap imports are flooding the market, indigenous aluminium industry cannot grow in India.

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The South32 spin-off: BHP’s strategy to sail through a volatile market

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South32 has just completed its first month on the market in the midst of rock bottom commodity prices and share prices descending 17% lower than the week of its debut. BHP Billiton has simplified its portfolio by demerging a group of high quality assets to create this independent global metals and mining company. Shareholders approved the demerger […]

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