Aluminium

Soft prices of commodities including metals is weighing on investor sentiment

The price of aluminium is likely to go up in the medium term due to factors like surge in demand, Crisil Research on Tuesday said. The price of the metal fell 45 per cent from the March 2022 peak to around 2,400 dollar per tonne now due to factors like lockdown in China. "Aluminium prices have likely bottomed out and should rise over the medium term, supported by two structural drivers: limited smelter capacity additions and uptick in demand," it said in a statement. Limited capacity additions over the next five years will be crucial to pick up in the prices of aluminium, it said. The demand for aluminium is likely to see a structural growth over the medium term on account of global green investments, including electric vehicles, solar panels and renewable energy grids, most of which have high intensity of aluminium use. "Green investments across major economies will lead to a strong uptick in demand for aluminium, but global capacity addition is expected to fall from 20 MT during

Company sees consumption rising as electric vehicles increase and light metals become more important

In the aluminium sector, as things stand, Hindalco and Nalco are the only players that are completely integrated -- from bauxite to alumina to aluminium

India is a net importer of alumina. But the Adani refinery is likely to make the country a net exporter

Interest rate hikes, however, remain a pet peeve

Metal's price has declined by a third in two months on LME; analysts differ on how supply-demand situation may pan out

The Railways' decision to stick with steel wagons may have contributed to the shortage of rakes to haul coal to generating plants

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Mining giant Vedanta Limited reported a rise of 8 per cent in its production of aluminium and zinc and that of iron ore by 18 per cent during the quarter ended March 31, 2022

Birla-owned Hindalco Industries will invest the amount mainly across its businesses in India and North America

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

The United States has agreed to lift tariffs on British steel and aluminum, mending a rift between allies that dates back to the Trump administration.

Higher aluminium prices, tighter supplies and lower debt are positive triggers

The first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium already has interest from environmentally conscious customers

The Aluminium Association of India (AAI) has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry

Once fully operational, Jindal Aluminium's extrusion capacity will rise from 125,000 tonnes to 139,000 tonnes. The deal will help revive the local economy, benefit community and other stakeholders

The total production at Zinc-International for the third quarter of FY22 was 52,000 tonnes

The Aluminium Park will offer facilities such as water, power, hot metal supply, dross processing plant, as well as other benefits to companies that set up their manufacturing units in the park.

Though volatile, most analysts don't expect prices to decline further