Aluminium

Benchmark aluminum on the London Metal Exchange rose alongside equities in Asia, with the metal on track for the longest run of gains in more than a year

India looks for relaxations in EU’s carbon border tax regulations

India is seeking some flexibility in the EU's Carbon Border Adjustment Mechanism (CBAM) which comes into effect from January 1 next year. Meanwhile, it is also mulling a domestic carbon tax to offset CBAM and retain revenue within the country.

Nalco to foray into critical minerals in India, says chairman Singh

Nalco's exports won’t be affected by US tariffs, as it mostly serves the Middle East, says BP Singh. The availability of alumina has, however, risen, creating pressure in the domestic market

Hindalco subsidiary Novelis working to mitigate tariff headwinds, expects resilient demand for aluminium

Novelis added that it is looking to accelerate cost reduction steps, which can drive higher cost savings in FY26, and over $300 million by end of FY28.

RIL, Adani, Tata, others look to partner NPCIL in nuclear energy push to lower emissions

The government has called bids for setting up Bharat Small Reactors to decarbonise high-emission industries such as steel and aluminium. It expects at least Rs 35,000 crore in investments from the private sector

Vedanta Aluminium CEO calls for retaliatory tariff as duty concerns weigh heavy

India’s aluminium trade deficit with the US has more than doubled – from 90 kilo tonnes in FY20 to 210 KT in FY25, Rajiv Kumar tells Moneycontrol in an interview, demanding the United States scrap the tariff

US unlikely to grant India tariff relief on steel, autos in mini-deal

The first tranche of the Bilateral Trade Agreement (BTA), expected to be agreed upon by autumn, could look into these sectoral tariffs

Trump Tariffs On Steel And Aluminum Double To 50% Amid Global Backlash | N18G

On June 4, Donald Trump’s decision to double tariffs on imported steel and aluminum from 25% to 50% took effect, intensifying his global trade war. Announced on May 30, Trump justified the move as a step to further protect U.S. steel and aluminum industries, claiming they are “coming back like never before.” The tariffs sparked immediate backlash from key U.S. trading partners. Canada’s Chamber of Commerce and United Steelworkers union condemned the decision, warning of harm to cross-border supply chains and Canadian workers. The European Commission criticized the move for increasing global economic uncertainty and hinted at retaliation. Australia also denounced the tariffs as unjustified. Meanwhile, U.S. steelmaker Cleveland-Cliffs Inc. saw a 26% stock surge, with investors betting on increased domestic profits. As the U.S. is the world’s largest steel importer (excluding the EU), the tariff hike is expected to raise steel prices broadly, impacting industries and consumers alike.

Is Trump’s doubling of steel and aluminium tariffs a death blow to the industry?

While a 25 percent tariff on these key industrial metals was bad enough, a doubling to 50 percent is a punitive measure to discourage imports and revive lethargic domestic output