Firm's MD Abhyuday Jindal says next milestone after completing expansion would be to achieve 100% capacity utilisation, after which it may look at backward integration
Three-month aluminium on the London Metal Exchange (LME) slid 2.8% to $2,685 a tonne by 1400 GMT after touching the lowest since December last year
Prices of lithium, cobalt and nickel have soared in the past year, eating into EV makers' margins at a crucial point in the development of the burgeoning industry
On March 8, nickel contracts on the London-based exchanges surged as much as 111 per cent to breach $100,000 per tonne
The trading shutdown after Western sanctions threatened supply from major producer Russia is the biggest crisis to hit the 145-year-old exchange in decades.
The metal added more than $10,000 to trade at a 15-year high above $40,000 a ton -- the biggest-ever daily dollar gain in the 35-year history of the contract
With the latest overhang on the outlook, and after a sharp run-up, can metal stocks surprise with more returns? Tune in to learn more
All other base metals, fell by up to 12.3 per cent in 2019. Steel was almost flat, while thermal coal and natural gas were also among big losers.
The metal used to make stainless steel hit a 16-month high last Thursday before shedding 2.1% on Friday
Metal for delivery in September contracts was trading higher by 3.60, or 0.52%
A firming trend overseas restricted the gains
Prices of the metal surged largely in tandem with a firm trend in metal at London Metal Exchange and pick up in demand
Metal for delivery in August was trading notably higher by Rs 8.10, or 1.16%
Metal for delivery in July contracts traded lower by Rs 4.90, or 0.70%
Speculators enlarged positions on positive cues from global markets
Low demand at the domestic spot market also affected prices
Metal for delivery in current month traded higher by Rs 11.90 or 1.96%
Metal for delivery in June traded higher by Rs 3.20 or 0.54%
Speculators widened their positions, driven by pick up in demand at the domestic spot markets
Metal for delivery this month also shed Rs 3.30 or 0.55%