Notwithstanding unfavorable economic conditions around, there is one company that is still projecting a positive picture in the metal market. The London Stock Exchange-listed, Anil Agarwal’s Vedanta Resources has given a sturdy outlook for commodity markets, despite low aluminium price, a weak Indian rupee and ever increasing cost of production. The company is working on […]
Aluminium majors in India like Nalco and Hindalco are under tremendous market pressure due to dropping aluminium price in the London Metal Exchange (LME) and higher production costs. Nalco is taking up a number of strategies to cope with the growing cost and declining price and profit margin. Nalco is the third-largest producer of aluminium […]
In the present socio economic scenario where the world is buzzing with issues like a soaring global population, increasing carbon emission, higher energy cost and insufficient feedstock, recycling is turning out to be the need of the hour rather than a matter of concern. Fortunately, aluminum is one metal that is 100% recyclable and its […]
The Norway-based aluminum producer Norsk Hydro has announced the complete closure of its aluminium smelter in Kurri Kurri, Australia; axing the jobs of around 350 workers. According to the reports by Norsk Hydro, it is the low metal prices and an uncertain market outlook combined with a strong Australian dollar that has brought the shutter […]
According to TradeArabia News sources, the UAE aluminum extrusion market is estimated to be in excess of 175,000 metric tonnes (MT), about 35 per cent of the total GCC (Gulf Corporation Council) demand and it is growing at a CAGR of 8 to 9 per cent for the time period from 2011-17. Emirates Extrusion Factory […]