Page 2 - Metals

Street betting on revival of metals cycle amid buzz of over-correction

High input costs leading to margin pressure, lower-than-expected realisations are among downside risks

India to benefit from increased global demand for metals, foodgrains

India is well positioned to benefit from the increased global demand for steel, aluminium and foodgrains -- wheat and rice, said brokerage house ICICI Securities.

Vedanta demerger call by March-end: Anil Agarwal

While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities

Europe's metal industry asks EU to help it deliver energy transition

Eurometaux has asked EU policy-makers to allow member states to support domestic producers with state aid to ensure supplies of the metals crucial for the transition to low carbon energy

Metals poised for a rally, suggest charts; JSPL, Tata Steel are top picks

A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.

Base metals shine in wild 2021 as gold falters, iron ore sinks

Gold bulls were ultimately left disappointed even as inflation raged

Steep input cost hike forces foundry industry to curtail production

Foundries usually absorb commodity price rises of 2-3% every year. But in the past one year, prices of several commodities rose 60-150%

Metals keep surging as supply cuts fuel inflation worry

Zinc spiked as much as 6.3% to a 14-year high

Aluminium jumps again as Guinea coup adds to supply worries

Aluminium, which is used in everything from car parts to drinks cans and home appliances, had already climbed about 38% this year in London before the coup

Aluminium hits 10-year high as demand roars, China supply curbed

Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011

Our focus on balance sheet management is a core philosophy: Tata Steel CFO

In a Q&A, Koushik Chatterjee, who is also exec director at Tata Steel, says the firm has prepaid Rs 5,800 cr of principal debt in Q1 and is aiming to repeat deleveraging levels of FY21 this year

Copper and iron ore tumble as growth fears roil metals markets

This week's drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore

Hindalco hits records in June quarter on rising commodity prices

Metals cycle is expec­ted to stay strong and aid the company, but prices may top out this fiscal

Tata Steel, SAIL: Will metal stocks correct further? Here's what charts say

If Tata Steel's stock does not recover the gap-down range, the downside bias may drag it towards Rs 1040 levels.

Tech view: Metal stocks set to rally further despite recent outperformance

Major metal stocks are not witnessing any selling pressure despite trading in the overbought category of RSI

Metal & mining stocks big laggard on bourses over the long term

BSE Metal up just 164% since Jan '05 against 645% rally in Sensex

Tata Steel, Vedanta: Tech charts signal more upside in metal stocks

Going forward, analysts at Phillip Capital expect metal companies to report further improvement in operating performance in Q3FY21 results

Tata Steel, JSW Steel: Metal stocks poised for further upside, charts show

Nifty Metal has successfully conquered the 2,500 mark and is set to move towards 200-WMA, which stands at 2,969 levels.

Samvat 2077: Here are the sectors that are expected to do well

The significant feature of equity market performance in Samvat 2076 has been the sharp divergences both across and within sectors and companies.

India Ratings maintains negative outlook on base metals sector for H2 FY21

Agency says business disruptions led by Covid-19 likely to persist over next 6-9 months; realisations likely to remain volatile over H2 of FY21