Latest news with #AluminiumVisionDocument
India Gazette
a day ago
- Business
- India Gazette
G Kishan Reddy releases aluminium vision document to drive green manufacturing, resource security
New Delhi [India], July 4 (ANI): Union Minister for Coal and Mines G Kishan Reddy on Friday released the Aluminium Vision Document at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices, organised by the Indian National Committee of the World Mining Congress in Hyderabad. Addressing the gathering, Reddy said the Aluminium Vision Document reflects the Government's commitment to building a self-reliant and resource-secure India. He highlighted the aluminium sector's strategic role in enabling clean energy systems, electric mobility, and modern infrastructure. The document has been prepared through extensive consultations with industry stakeholders, including National Aluminium Company Ltd. (NALCO), Hindalco Industries Ltd., Vedanta Ltd., Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) and leading associations such as the Aluminium Association of India (AAI), Aluminium Secondary Manufacturers Association (ASMA) and the Metal Recycling Association of India (MRAI). According to a release by the Ministry of Mines, the document outlines a strategic roadmap to scale up aluminium production sixfold by 2047. It aims to expand bauxite production capacity to 150 MTPA, double the national aluminium recycling rate, promote the adoption of low-carbon technologies and strengthen raw material security through targeted policy reforms and institutional mechanisms. The Aluminium Vision Document aligns with Prime Minister Narendra Modi's vision of a Viksit Bharat by 2047 and sets the foundation for a globally competitive and environmentally responsible aluminium industry. In a post on social media platform X, the Ministry of Mines added, 'The document outlines a bold roadmap to scale aluminium output sixfold, raise bauxite capacity to 150 MTPA, boost recycling, and promote green technologies -- aligned with PM @narendramodi ji's vision of Viksit Bharat 2047.' India is the 2nd largest Aluminium producer, and a top-10 producer in refined copper. Continued growth in aluminium and copper points toward continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery. In the non-ferrous metal sector, primary aluminium production in FY 2025-26 posted a growth of 1.5 per cent over the corresponding period last year, increasing to 3.47 lakh ton (LT) in FY 2025-26 (April) from 3.42 LT in FY 2024-25 (April). During the same comparative period, refined copper production has grown by 15.6 per cent from 0.45 LT to 0.52 LT. (ANI)
Time of India
a day ago
- Business
- Time of India
Coal Minister launches Aluminium Vision Document to boost metal sector
Union Minister for Coal and Mines, G. Kishan Reddy , on Friday unveiled the Aluminium Vision Document at the International Conference on Sustainable and Responsible Mining through Best Mine Closure Practices, held in Hyderabad. The conference was organised by the Indian National Committee of the World Mining Congress. The newly released vision document lays out a comprehensive roadmap for transforming India into a global hub for aluminium production, aligning with Prime Minister Narendra Modi's goal of achieving a Viksit Bharat by 2047. Speaking at the event, Reddy said, 'The Aluminium Vision Document reflects the Government's unwavering commitment to building a self-reliant and resource-secure India. Aluminium, as a strategic metal, will play a vital role in the transition to clean energy systems, electric mobility, and sustainable infrastructure development.' Prepared through wide-ranging consultations with key stakeholders from across the aluminium value chain, the document includes inputs from National Aluminium Company Ltd. (NALCO), Hindalco Industries Ltd. , Vedanta Ltd., Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) and prominent industry associations such as the Aluminium Association of India (AAI), Aluminium Secondary Manufacturers Association (ASMA), and the Metal Recycling Association of India (MRAI). Satish Pai, Managing Director of Hindalco Industries, on the launch of the Aluminium and Copper Vision Documents said, "The Aluminium and Copper Vision Document comes at the right time for India as the country sharpens its focus on critical minerals that are essential for future economic growth, energy transition, and strategic self-reliance. As the world navigates geopolitical shifts, evolving trade dynamics, and an urgent push toward sustainability, aluminium and copper will play a foundational role in building a low-carbon, future-ready economy.' Key goals outlined in the Vision Document: Scale up aluminium production six-fold by 2047Expand bauxite production capacity to 150 million tonnes per annum (MTPA)Double the national aluminium recycling rateAdopt low-carbon technologies for sustainable productionStrengthen raw material security through targeted policy reforms and institutional frameworks The document not only sets a clear strategy for the sector's growth but also aims to position India as a leader in environmentally responsible aluminium production, promoting circular economy practices and technological innovation.
Time of India
a day ago
- Business
- Time of India
Mines Minister launches vision documents for Aluminium and Copper
India aims to significantly increase its aluminium and copper production by 2047, according to vision documents. The plans include boosting aluminium output sixfold and establishing 5 MTPA copper refining capacity by 2030. To achieve these goals, India will focus on enhancing recycling, adopting green technologies, and securing strategic global partnerships to address import reliance and potential supply disruptions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India plans scaling up domestic aluminium and copper production multi-fold by 2047 according to vision documents shared by Union Coal and Mines Minister G Kishan Reddy. An official statement said the Aluminium Vision Document targets scaling up aluminium output sixfold, raise bauxite capacity to 150 million tonnes per annum (MTPA), boost recycling, and promote green copper vision sets the course for meeting a sixfold rise in copper demand by 2047, with plans for 5 MTPA refining capacity by 2030, stronger recycling, and strategic global tie-ups, the statement presented these documents during the international conference on sustainable and responsible mining through best mine closure practices . 'The Mines Ministry is employing a philosophy of '6 R's to mine closure activities.'These are reclamation, repurposing, rehabilitation, revegetation, remediation, and relinquishment, Reddy to the copper vision document Hindustan Copper Limited (HCL) is the only domestic copper miner in India. However, with new copper blocks being auctioned, long-term domestic copper ore production is projected to reach about 21 MT, meeting only 4.6% of domestic concentrate demand.'This limited domestic supply underscores India's heavy reliance on copper concentrate imports, making the nation vulnerable to external market fluctuations,' the document said while adding these issues could leave India with few viable options to source copper, even from major exporters like Australia, Chile, Peru, and should also consider investing in or establishing smelters and refineries abroad. This approach would secure a steady supply chain, enabling it to better manage supply disruptions arising due to resource nationalism and export ban of copper raw materials, the document aluminium vision document notes that India's current domestic self-reliant Aluminium production capacity is 4.2 MT, while secondary capacity of 2.0 MT is largely dependent on imported FY47, secondary Aluminium production from domestic scrap is projected to reach an incremental 6 MTPA. 'To meet the projected demand of 37 MTPA by FY47, there will still be a shortfall of 7 MTPA, the raw material for which will need to be met from international sources of bauxite or scrap or discovering more bauxite resources,' the document said while adding the process of transitioning 4.95 Billion Tonne of resources to proven reserves should happen on a mission-mode.
