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Aluminium scrap imports up 6.5% despite 13% slump in auto production
Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils
Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2
Firm aims to achieve Rs 1,500 a tonne; LME prices of metal stood at $1,756 a tonne as on November 14. At this price point, 10% of the global smelters are incurring cash losses
Vedanta's alumina production cost falls 17% in Q1, lowest in two years
In FY19, Vedanta's average alumina production cost stood at $322 per tonne
Coal shortage hits Vedanta, Nalco and other aluminium makers in Odisha
Aluminium producers forced to source coal from outside the state and abroad or resort to power imports, impacting their production cost
