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 […]
After much deliberation and delay the Mines and Minerals (Development and Regulation) Act, 1957 has been revised and Rajya Sabha has passed the Mines and Minerals Amendment Bill, 2015. This new Act aims to legalize the system of auction of mines to enhance transparency in mineral allocations in India. Though the passing of this act […]
The recession which started in 2008 has affected all industry sectors, aluminium being no exception. The LME has since then dropped from a high of nearly $ 3200 per ton at its peak and is now hovering around $ 1800 in the face of lower global demand. That is nearly a fall of 43 %. […]
In the coming decade, the economic environment in India is likely to be highly conducive to the growth of the aluminium extrusions sector. The downturn in the building & construction sector over the last few years had its negative impact on the demand for aluminium extrusions, as well. However, this sector is likely to witness […]
Aluminium alloy melting and production processes generate a by-product called aluminium dross, which is a mixture of entrapped aluminium metal, aluminium oxide and impurities. Depending on the raw material and melting process, dross can contain 30%-70% of aluminium metal or more. Collecting the metal from dross is a key challenge and a necessary step to […]
Another month passed in the New Year and there is still a good amount of hullabaloo in the market about the aluminium premiums and price of the metal. LME Aluminum benchmark prices rose to $2,114 in 2014 Aug after hitting a four-year low and presently it is hovering between $1,700 and $ 1,800. However, premium […]