SOURCE : NEW18 NEWS
Last Updated:May 20, 2025, 18:02 IST
The chairman of Vedanta emphasised the strategic significance of steel and aluminium as vital commodities in the trade war.
Aluminium is set to overtake steel in terms of strategic importance. (Representative Image/Unsplash)
Vedanta Chairman Anil Agarwal has highlighted the chance for India to establish itself as the global centre for aluminium production by stressing the strategic importance of steel and aluminium in the current global trade war. Agarwal explained in his LinkedIn post how steel and aluminium have become important commodities in the trade dispute, especially between the US and its trading partners.
The global metals market is experiencing significant disruption as a result of the United States enforcing a hefty 25 per cent tax on imports of steel and aluminium from all nations, including close allies Canada and Mexico. India has responded by imposing a 12 per cent safeguard levy on steel imports to save its industry.
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Agarwal applauded this action, saying, “I commend the government for proactively imposing a safeguard duty on steel. I am confident that the government will consider a similar step for aluminium.” He underlined that aluminium is set to overtake steel in terms of strategic importance because it is lightweight and recyclable.
“Modern economies are built on these two metals, be it airports, railways, homes, vehicles, or mobile phones. But aluminium has the edge, and with India’s massive bauxite reserves, we are well-positioned to lead globally,” he said in his lengthy post on LinkedIn.
His post included an eye-catching graphic that listed the leading bauxite-producing countries, with India having a lot of potential next to leaders like Australia, Guinea, and China.
Agarwal emphasised that governments must assist the domestic aluminium industry since nations that are unable to access conventional markets because of tariff obstacles will look for other markets, such as India.
“With our vast bauxite resources, India can become the aluminium capital of the world. This will not only enhance our global standing but also unlock a robust downstream industry that creates jobs and fuels economic growth,” his post also mentioned.
At the forefront of this change, Vedanta Aluminium, a major participant in the Indian aluminium sector, has made significant investments in smelting and refining facilities.
The goal of Agarwal’s appeal for targeted governmental support is to spur additional industry growth and harness India’s mineral endowment for sustained strategic advantage.
India must take advantage of this opportunity and position itself as a leader in the future of manufacturing and metals, according to Agarwal’s message, as global trade realigns.
- Location :
Delhi, India, India
- First Published:
May 20, 2025, 18:02 IST