METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
Views : 157
Update time : 2025-02-24 17:14:09
Aluminium remains a cornerstone of the global economy, with the rising demand for green metal highlighting its lasting significance. Despite challenges and periodic disruptions, the push for sustainable aluminium continues to gain momentum. Notable advancements have taken place in the upstream sector, encompassing bauxite mining, alumina refining, and primary aluminium production. To begin with, METLEN Energy & Metals has signed two long-term strategic agreements with global mining and metals giant Rio Tinto to reinforce its bauxite and alumina supply chain. NALCO's announcement of INR 30,000 crore (USD 3.45 billion) investment in aluminium business expansion, revealed by Union Minister of Coal & Mines and Parliamentary Affairs Pralhad Joshi, marks its first major capital expenditure in recent years. In a significant development, Larsen & Toubro (L&T), India's largest listed infrastructure firm, has announced that its Minerals & Metals (M&M) business vertical has secured a significant contract from Hindalco.
METLEN Energy & Metals, formerly MYTILINEOS Energy & Metals, has signed two long-term strategic agreements with global mining and metals giant Rio Tinto to enhance its bauxite and alumina supply chain. Under the first agreement, Rio Tinto will supply METLEN with approximately 14.9 million tonnes of bauxite from the CBG mine in Guinea over 11 years, from 2027 to 2037.
