Now, with demand roaring and China curbing supply, consensus view is that outlook has never looked brighter for prices while mountains of aluminum are vanishing just when manufacturers need them most
Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out
Vedanta is raising annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of about Rs 4,681 cr
The board has also appointed various advisors to assist in evaluating the options, said the filing
Biden said the deal immediately removed tariffs on the European Union steel and aluminium, imposed by the previous administration, and lowered costs to US consumers
A crippling shortage across the country has pushed state-run Coal India to impose temporary supply curbs to non-power consumers
Aluminum was one of the first targets in China's efforts to curb industrial energy usage
Aluminium rose as much as 2.5% to $3,040 a ton on the London Metal Exchange Monday, the highest since July 2008.
Primary steel producers, however, remain unperturbed as they rely on imported coking coal to meet their demand
Tightening supplies of coal have triggered a power crisis in India as about 70% of the nation's electricity is fired by the fuel.
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
Demand is set to surge on the back of climate-change investment
Aluminum-air battery is potentially cheaper, vehicles using it would have a longer range, and it's safer, say experts.
The trend for aluminum has shifted from 'neutral' to 'positive'
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.
It seems that a near term top has been established in aluminum and we might see pullback till levels of 158 before uptrend resumes
Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year
Company aims to invest Rs 7,000 crore in downstream segment over next few years
Zinc, aluminium poised for correction as prices move ahead of fundamentals
"We don't expect a runaway rally in gold as ETF outflows will put pressure on the price," the expert says.