Latest Updates Around The World
ET Intelligence Group: The BSE Metal Index has risen 13% in the past three months, outperforming the Sensex’s nearly 2% decline amid a broad rally between ferrous and non-ferrous stocks. Shares of metals companies have risen up to 33% in the past three months due to rising prices of both ferrous and non-ferrous metals due […]
Domestic aluminum prices beat global cues on Wednesday as they fell 1.3% intraday to touch a daily low of Rs 294.60 on the MCX while posting gains. Meanwhile, peers on the Shanghai Futures Exchange (SHFE) and the London Metal Exchange (LME) traded positively.Aluminum futures on the January MCX were hovering around Rs 296 per kg. […]
Despite near-term headwinds at Novelis, the long-term investment scenario for Hindalco Industries remains structurally strong, driven by favorable aluminum price dynamics and resilient domestic operations, said Aditya Welekar, AVP at Axis Securities.Speaking to ET Now, Welekar said Novelis remains a long-term growth story even as the company faces execution-related challenges at its Bay Minette project […]
Aluminum, a crucial industrial metal, has witnessed a remarkable price increase in 2025, both in India and globally. Its lightweight nature, corrosion resistance and recyclability make it indispensable for sectors such as transport, construction, packaging and renewable energy. However, recent price movements indicate significant regional differences and evolving supply-demand dynamics.Indian aluminum prices at record high […]
Vedanta’s second-quarter results met expectations for robust operating performance, with analysts seeing the miner as well-positioned to benefit from the commodity recovery as it continues its deleveraging strategy. Brokers Nuvama, Citi, ICICI Securities and Investec maintained a strong bullish stance on metals and natural resources major Vedanta Ltd. They cited factors such as Vedanta Resources’ […]
Base metal prices have witnessed a remarkable rally in recent weeks, with copper, aluminum and zinc leading the major global exchanges. Copper prices have surged past the psychological $10,000 mark on the London Metal Exchange (LME), while on India’s MCX platform they are near record highs. Similar bullish momentum is evident in China’s top consumer […]
