Hindalco expects to gain from China scrapping export tax rebate

 18 Nov 2024 02:38 PM

Hindalco Industries Ltd. anticipates benefiting from China's removal of tax rebates on aluminum and copper exports. The move is expected to reduce cheap imports from China, providing relief to Indian producers facing pressure from increased Chinese foil purchases. Managing Director Satish Pai expressed optimism, stating that the company will face fewer low-cost Chinese exports.

NALCO, Hindalco, Vedanta shares rally up to 10%. Here’s why

 18 Nov 2024 11:54 AM

Indian metal companies saw a significant rise in their share prices. This followed China's proposal to reduce export tax rebates on metals like copper and aluminium. The move caused aluminium prices to surge on the London Metal Exchange. China's decision aims to control the flow of its aluminium into global markets.

F&O Ban List: GNFC, Hindustan Copper among 5 stocks under trade ban on Monday

 18 Nov 2024 07:25 AM

Five stocks, Aarti Industries, Aditya Birla Fashion and Retail, Gujarat Narmada Valley Fertilizers & Chemicals, Granules India, and Hindustan Copper, were put on F&O trade ban on Monday as their open interest crossed 95% of the market-wide position limits. The ban will be lifted if the open interest falls below 80%. This restriction does not apply to index traders.

Vedanta group to increase production across segments, says Anil Agarwal

 16 Nov 2024 08:39 PM

At the HT Leadership Summit 2024, Vedanta Chairman Anil Agarwal announced plans to increase production across various segments, including a target of 500,000 barrels of oil and gas. Agarwal acknowledged the closure of the Tuticorin copper plant as a setback but emphasized the company's future goals, such as doubling Hindustan Zinc's production and significantly increasing oil and aluminum output.

Laurence Balanco on 3 big trades for 2025 with shelf life of 8-12 months

 15 Nov 2024 09:00 AM

Market analyst Laurence Balanco identifies potential investment opportunities for 2025. Balanco suggests Bitcoin, fintech, and travel tech as favorable sectors. He anticipates a peak in the US dollar and highlights risks for emerging markets. Balanco observes weakness in the Hong Kong stock market and suggests a potential rebound in commodities like copper and palladium.

Hindalco to spend $4-5 bn on upstream expansion

 11 Nov 2024 11:12 PM

Hindalco Industries plans to invest $4-$5 billion over three years to expand its aluminum and copper production facilities. The company reported a 78% jump in net profit for the September quarter, reaching ₹3,909 crore, driven by strong performance in its India business. This includes the construction of a new aluminium smelter, alumina refinery, copper smelter, and a copper recycling plant.

HINDUSTAN COPPER: Q2 EBITDA 1.5B RUPEES VS 1.22B (YOY) || Q2 EBITDA MARGIN 29.31% VS 31.93% (YOY)

 11 Nov 2024 06:58 PM

HINDUSTAN COPPER: Q2 EBITDA 1.5B RUPEES VS 1.22B (YOY) || Q2 EBITDA MARGIN 29.31% VS 31.93% (YOY)

HINDUSTAN COPPER: Q2 CONS NET PROFIT 1B RUPEES VS 607M (YOY); 1.1B (QOQ) || Q2 REVENUE 5.2B RUPEES VS 3.81B (YOY)

 11 Nov 2024 06:57 PM

HINDUSTAN COPPER: Q2 CONS NET PROFIT 1B RUPEES VS 607M (YOY); 1.1B (QOQ) || Q2 REVENUE 5.2B RUPEES VS 3.81B (YOY)

Gold prices plunge as Trump's decisive win drives up dollar

 07 Nov 2024 07:08 AM

Gold and copper prices plummeted as Donald Trump's victory sent the US dollar soaring. The surge in the dollar, fueled by Trump's win and Republican control of the Senate, diminished the appeal of metals for buyers. This outcome triggered profit-taking among traders who had sought refuge in gold amidst pre-election uncertainty.

Iron ore output up 5.5% at 135 MT in 1st half of FY25

 02 Nov 2024 12:03 AM

India's iron ore output for the first half of the current fiscal was 5.5% higher year-on-year, reaching 135 million tonnes. Manganese ore, coal, primary aluminium, and refined copper also saw production increases, reflecting robust activity in energy, infrastructure, construction, automotive, and machinery sectors.