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SMELTER CLOSURES
Aluminum’s war shock blunted by dark transits and Chinese supplyThe Iran war triggered one of the biggest shocks to the global aluminum market, raising fears of widespread smelter shutdowns and prices su...- Petroleum coke shortage may hit aluminium production outside Gulf too: JP MorganGlobal aluminium production faces potential disruptions beyond the Gulf due to worsening petroleum coke shortages, a key raw material. JPMo...
- LME aluminium nears four year peak after Iran attacks on Gulf smeltersAluminium prices surged on Monday, nearing four-year highs as Middle East's largest producers, Emirates Global Aluminium and Aluminium Bahr...
- Copper smelters warn of closures as crunch talks get underwayCopper smelters face potential closures as processing fees plummet, driven by overcapacity and fierce competition for ore.
- Rio Tinto to close New Zealand smelter and ax 1,000 jobsRio Tinto said it will wind down operations over the coming months and close the plant next August. It said the plant lost $30 million last...
- Vedanta drops 3% as firm loses $200 million in profits in a yearIndia faced a crunch in the availability of refined copper due to Vedanta's Tuticorin smelter closure.
- Vedanta lost USD 200 million in profits in one year of Tuticorin plant shutdown: AgarwalAgarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper...
- Vedanta to approach Tamil Nadu government to restart Sterlite Copper plant“We are approaching the state government for necessary approvals for restarting the smelter as per SC directions,” Vedanta said.
- Vedanta sells copper concentrate from stockpiles at shuttered India smelterThe company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the offi...
- NGOs planned closure of Tuticorin copper smelter: CEOProtests, however, "suddenly erupted" in February as the company, after securing all approvals, began work on doubling the capacity of the ...
- Court denies Vedanta's interim request to reopen copper smelterNGT did not accept Vedanta's request to reopen the smelter on an interim basis, V. Mowli, a lawyer for the Tamil Nadu Pollution Control Boa...
- Tuticorin closure to adversely impact Vedanta's other businesses: Moody’sThe ratings agency said it is yet unclear as to what extent the company will be compensated for the land acquired for the expansion.
- India faces copper supply disruption following Sterlite plant shutdownThe shutting down of the 400,000 tonnes a year copper smelter in Tuticorin will reduce India's copper production by about half, forcing imp...
- After Sterlite crisis, more unrest could be in store for billionaire Anil AgarwalIt may get worse amid concern that Vedanta's key copper smelter could remain shut until 2019, further pressuring a stock that’s already bad...
- Why are people against Vedanta's Sterlite plant in Tuticorin? 6 things you should knowResidents have been demanding closure of the smelter for the past 100 days, and had announced they would take out a march to the Tuticorin ...
- Vedanta's application for renewal of copper smelting unit rejectedThe company said it had applied to Tamil Nadu Pollution Control Board for annual renewal of CTO for its existing smelter plant at Thoothuku...
- Vedanta’s Tamil Nadu unit draws ire from Rajinikanth & Kamal HaasanStars-turned-politicians Rajinikanth and Kamal Haasan are lending their voices to protests by neighboring villagers against the plant in Ta...
- Sterlite Industries' sulphur dioxide emissions within limits: Test reportSulphur dioxide emissions from India's top copper smelter were within limits during an inspection by a court panel.
- Sterlite Industries plunges as TNPCB orders closure of smelter plantThe stock ended at Rs 89.70, down 4.37 per cent, on the BSE. It touched a high of Rs 92.80 and a low of Rs 88.75 in trade today.
- Hindalco shares drop on shutdown order of its captive power plantHindalco Industries slipped over 3% on Tuesday after Odisha's pollution control board has ordered the company to shut its captive power pla...
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