Aluminum

Aluminum prices are seeing an upward trend because of the tightness in global supply and US and UK sanctions on Russia

India in talks with US on steel, aluminum tariff exemption: Report

Negotiators in New Delhi and Washington are hoping to reach an agreement during Indian Prime Minister Narendra Modi's visit to the U.S. later this month, two Indian government officials and one industry source with direct knowledge of the matter said.

US plans 200% tariff on Russian aluminium as soon as this week

The move has been contemplated for months, said the people, who asked not to be identified discussing internal deliberations

Equities likely to keep up the rally riding on price drop in crude oil, commodities

The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts

Aluminum, producer stocks surge as US weighs Russia ban

Metal products from Russia have so far been shielded from sanctions due to their importance in everything from automobiles and skyscrapers to iPhones.

COVID-19 pandemic to impact non-ferrous metals demand in India: ICRA

As the virus started spreading, global macroeconomic sentiments turned negative once again, and the second phase of correction was witnessed when the prices crashed by 15-20 percent in March and April.

Aluminum industry urges govt to reduce basic customs duty on critical raw materials

"To improve the cost structure of the Indian Aluminium industry and enhance competitiveness, it is requested to reduce the basic custom duty on the...critical raw materials," the Aluminium Association of India (AAI) said.

Should one bet on aluminium, zinc, copper amid trade disputes, slowdown gloom?

A positive outcome of the US-China trade dispute will spur the economy and boost demand for base metals.

Goa Carbon: Weak Q3, but volume rebound on horizon; margin to remain weak

Post recent raw material mobilization, company’s operations are in full swing. Company is sitting on sale order of 50,000 tonne and hopeful of capacity utilization of 96 percent in Q4. End market demand, particularly in aluminum industry (80 percent of sales) remains intact.

Buy crude October Futures, silver December futures: Reliance Commodities

Buy silver December futures contract in the range of Rs 38,750-38650 and Aluminum November futures contract in the range of Rs 148-147, says Pritam Kumar Patnaik of Reliance Commodities.

Donald Trump announces 'doubling' of tariffs on steel, aluminum from Turkey

Economist Chad Bown, who specialises in trade issues, said Turkey accounted for just over four percent of US steel imports in 2017, but a very small fraction of the aluminum brought into the country.

Justin Trudeau says tariffs on steel and aluminum are 'insulting'

Beginning this month, US President Donald Trump has imposed a 25 per cent tariff on import of steel from Canada and another 15 per cent on aluminum using the "national security interest" provisions of the existing American laws.

Alufluoride Q4: Positive volume & pricing outlook; efficiency gain measures to aid margins

The stock is currently trading at 9.9 times/5.5 times estimated earnings for FY19 & FY20 respectively and at an enterprise value of 4 times estimated EBITDA for FY20, This is at a discount to the current valuation multiples for the non-ferrous sector.

India to take up steel, aluminum import tariff hike with US officials next week

New Delhi will point out that the quantum of duty raised is not WTO-compliant as it is way beyond its ‘bound rate’, which acts as ceiling on tariffs

Justin Trudeau, Donald Trump talk steel and aluminum

Trudeau "emphasized that preserving (the two nations') mutually beneficial supply chains is critical to jobs and businesses on both sides of the border," according to a summary.

Hindalco's QIP opens today, floor price at Rs 184.45/share

The company, in a release to the exchanges, said that a capital raising committee will meet on March 7 to consider the issue price of QIP.

Amid protests, China aluminum firm says eco standards met

Video footage circulating on social media purportedly from the protest in the northeastern city of Daqing near the border with Russia showed more than 200 people chanting and holding banners outside the city government headquarters.

Mines min seeks MIP on aluminum; pegs prices at $1996/tonne:Srcs

CNBC-TV18‘s Anshu Sharma, quoting sources, said that revised MIP for primary aluminum products is likely to be USD 1996 per tonne. For secondary aluminum products, MIP is likely to be range of USD 2275-3266 per tonne.

After steel, minimum import price for aluminum on cards?

The mines ministry may favour an MIP to protect local industry from a flurry of cheap imports. State-owned consulting firm Mecon to submit revised report shortly.

H2FY17 to be better with price hike, domestic expansion: Nalco

Nalco has cash reserve of Rs 3,000-3,500 crore, which will be used for domestic capacity expansion, said TK Chand, CMD of Nalco.

Vedanta Q2 profit seen down 5%, debt repayment outlook key

Vedanta, an associate company of the London Stock Exchange listed diversified resources group Vedanta Resources Plc, is expected to report a 5 percent degrowth in second quarter profit at Rs 930 crore and a 6 percent fall in revenue at Rs 15,519.3 crore on yearly basis, according to analysts polled by CNBC-TV18.

Hindalco Q1 profit jumps 5-fold to Rs 294 cr, revenue falls 11%

Revenue missed estimates, falling 11.4 percent to Rs 7,597.3 crore in the quarter ended June 2016 compared with Rs 8,575.3 crore in corresponding period of last fiscal.

Base metals up on +ve China outlook, rising oil prices: Platts

Economic outlook for China is the most important issue to look at this year, says George King Cassell, Senior Specialist - Metals at Platts.

Metals to underperform oil, cut price forecasts: Goldman Sachs

"Around mid-2016 and through 2017, we expect that the oil market will adjust, while metals markets are set to weaken further, particularly copper and aluminum, resulting in substantial downside to metals prices relative to oil over the period," the bank said.

Hindalco may post loss of Rs 132 cr in Q3 on weak EBITDA

Revenue is seen falling 5 percent to Rs 8,210 crore in quarter ended December 2015 compared to Rs 8,602 crore in corresponding quarter of last fiscal due to lower base metal prices but decline may get arrested by higher aluminum production from Mahan and Aditya smelters.