Globally, gold was trading 0.32 per cent higher at USD 1,769.30 per ounce in New York.
Aluminium inventories have reached a 17-year low but the metal's price has weakened alongside due to macro reasons
The construction industry has to bear the brunt of the increase in steel and aluminium price. With steel prices up by 65% and aluminium and copper prices by 30% in the country in the last 18 months, the cost of construction has already risen.
Investors with an eye on Nalco need to closely track alumina, aluminium prices
Soaring energy prices are compelling smelters in Europe to curtail output. Indonesia’s bid to limit coal exports is another risk for output
This year, aluminium prices have risen about 50 percent, which is a matter of concern even for some producers of the metal. When prices were about 10 percent lower in the beginning of September, The China Nonferrous Metals Industry Association said the price surge was “irrational”.
Tight supply conditions in China are sending aluminum prices through the roof. What gives, what impact will it have on producers and will it sustain?
China will remain the driving force of global aluminium prices. If the trade tensions and global microeconomic headwinds continue, prices would remain under pressure
As aluminium prices on the London Metal Exchange hover above $1900/tonne-mark, govt may impose MIP only when trend of price dip starts showing.
According to TT Jagannathan, Chairman, TTK PrestigeSouth India based sales have rebounded in the first quarter of FY15.
Sanju Verma, Group CEO, Violet Arch Capital, says Order book to sales for most capital goods companies has always been pretty healthy, anywhere between 2.5-3 times revenues. But the working capital cycle is still under tremendous strain
NALCO revises prices of its products to reflect global prices. It had last increased domestic prices of aluminium by 3,500 rupees on May 9.
State-run National Aluminium Co has raised aluminium prices by Rs 2,000 rupees per tonne (USD 43.6) across all products, Chairman and Managing Director BL Bagra said on Friday.
National Aluminium Co (NALCO) has cut aluminium prices by Rs 2,500 (USD 55.2) per tonne in the domestic market, a senior company official said on Thursday.