A lot has been said and written about the once mighty U.S. aluminium industry and how it has been hit badly by the recent spate of Chinese aluminium extrusions export. But it is not the only factor that has been driving the U.S. market down to economical non-viability; there is more to it. Here is […]
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.
Global aluminium industry is visibly distressed. Aluminium prices on London Metal Exchange are yet to find a solid support – the fluctuating downward dip still continues; premiums have collapsed; supply is still in excess of the demand, and to the utter dismay of the biggest aluminium producers of the world, China is still not slowing […]
World aluminium production is at around 55 million tons, expected to grow at around 6.7% CAGR up to 2020, mainly due to the expected growth in India ~ 11%, China ~ 10%, Middle East ~ 8%, Brazil ~ 7%, Africa ~ 5% and return of growth in US (~ 4%). World alumina production is around […]
Technology and innovation play an important role in achieving sustainable growth and impacting competitiveness. Today, mineral and metal industry across the globe is facing a serious economic crisis due to continuous fall in commodity prices, depleting raw material sources, non-availability of high grade ores, stringent environmental rules and societal expectations. In the era of declining […]
We are already halfway through the current financial year and the slowdown in the commodity market is showing no signs of letting up. Key “leading indicators” like aluminium have been declining steadily on the London Metal Exchange (LME), hitting fresh lows every day. This trend is clearly indicative of a widespread economic downturn which has […]
Every business seeking long-term profitable and sustainable growth must have a reasonably sound cost structure. For aluminium industry players who are a part of the cost-intensive aluminium value chain, keeping costs to minimum is very crucial. Equipment cost, a major component of operating cost, can play a significant role in maintaining profitability if prudent investment […]
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 […]
Oil has been the prime industry in Middle East ever since it was discovered in Iran in 1911 by a British Company, the Anglo-Persian Oil Company (APOC). It was not until the 1950s that Middle Eastern countries started enjoying the riches from their oil business. Foreign investments and revenues flowed into Middle East consisting of […]
The global foil industry celebrated its 100 years of commercial operations in 2010. At that time it was reported in a global Foil industry conference in Bangkok that the industry is around 3.2 Mln TPA strong and for the decade gone by, had maintained a steady CAGR of 4%, a rate higher than the overall […]