Aluminium is a chemical element. It is a silvery white, soft, ductile metal. Aluminium is the third most abundant element (after oxygen and silicon), and the most abundant metal, in the Earth's crust. It makes up about 8% by weight of the Earth's solid surface. Aluminium metal is so chemically reactive that native specimens are rare and limited to extreme reducing environments. Instead, it is found combined in over 270 different minerals.
Growing urbanization will help to boost global aluminum ingot market. The aluminum ingot is an important raw material for producing aluminum products. It is an environment-friendly metal material with heat and electric conductivity, and light, malleable, corrosion-resisting, and recycling features, which allow its wide use in many sectors like construction, electricity, transportation, packaging, and daily consumption products.
Rise in infrastructure development and automotive production are encouraging development in the metals and mining sector in India. India has vast mineral potential with mining leases granted for longer durations of 20 to 30 years. India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals).
Application
Automotive
Aerospace & Defense
Ship
Construction
Electrical & Electronics
Machinery & Equipment
Others (Electrical and Electronics, Machinery and Equipment, etc.)
Domestic consumption of aluminium is expected to reach 10 million tons by fiscal year 2031-2032. To meet this future demand, India needs to increase bauxite production from 23 million tons in fiscal year 2019 to approximately 70 million tons by that time. Alumina production would have to rise from 7.4 million tons to 20 million tons. Recently, the aluminium industry had made huge investments to increase domestic production capacity from 2 million tons per year to 4.1 million tons per year. Global export-import data shows India’s aluminium scrap imports have been holding at highs over the past three years. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
Aravali Infrapower Ltd.
Baheti Metal & Ferro Alloys Ltd.
Bothra Metals & Alloys Ltd.
Gravita India Ltd
Indo Alusys Inds. Ltd.
Namo Alloys Pvt. Ltd.
Nealex Alloys Pvt. Ltd.