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COPPER SUPPLY DEFICIT
Hindalco posts record Q1 profit of Rs 7,013 crore as aluminium prices soarHindalco Industries achieved record profit and sales in the June quarter, driven by soaring aluminium prices and a rebound at Novelis. The ...
Aluminium signals recovery after correction; supply risks and energy concerns may drive the next leg higherThe recent rebound has been supported by tightening global inventories, concerns over energy availability in key producing regions, geopoli...
India growth resilient amid global uncertainty, but crude risks lingerGlobal uncertainties resurface, impacting the worldwide economic outlook significantly. Resilient domestic demand continues to support Indi...
The New Oil? Why the world is chasing copperCopper has emerged as a strategic commodity powering the global shift towards clean energy, electric vehicles and digital infrastructure. W...
Time to bet on Nalco, Hindalco, Vedanta Aluminium Metal? Expert says recent weakness could be viewed as accumulation opportunityAluminium prices have seen significant swings this year driven by geopolitical tensions. Demand from key sectors like electric vehicles is ...
India's growth riding on copper, govt should help boost capacity, industry body saysIndia's infrastructure boom fuels copper demand growth significantly higher than GDP. Copper demand is projected to rise nine to ten percen...
Vedanta Aluminium wipes off Rs 25,000 cr worth investor wealth in under a month. Time to buy?Vedanta Aluminium shares have dropped significantly since their listing date. This decline has erased substantial investor wealth in a shor...
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demergerVedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlo...
Aluminium hits four-year high on renewed Middle East supply risksBenchmark aluminium on the London Metal Exchange traded 0.5% higher at $3,685 a metric ton in official rings. Earlier, it touched $3,707.50...
Vednata's plant closure contributed to 66% of global copper deficitThe unit, which has remained shut since May 2018, has a capacity of 0.4 million tonne (mt) per year.
Non-ferrous metals market continues to remain in deficit: ICRAAs per an ICRA note, the slowdown in production growth of aluminium and copper was in turn a result of capacity constraints, which is unlik...
Aluminium, copper and zinc may not see further downside in 2019The impact of the shutdown of Vedanta’s copper complex has resulted in a shortage of the metal in the domestic market.
Icra sees limited downside for base metalsThe global aluminium market has remained in deficit for the last six quarters.
Global non-ferrous metal prices to remain rangebound: ICRA
Global non-ferrous metal prices likely to remain buoyantThe deficits are largely results of production setbacks across the three key non-ferrous metals - aluminium, copper and zinc, despite muted...
- Copper futures recover on global cues
Copper regained strength to trade 0.50 per cent higher in futures trade today in tandem with gains at the London Metal Exchange.