The Aluminium Association of India (AAI) has approached the Ministry of Coal, urging the immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry
Once fully operational, Jindal Aluminium's extrusion capacity will rise from 125,000 tonnes to 139,000 tonnes. The deal will help revive the local economy, benefit community and other stakeholders
The total production at Zinc-International for the third quarter of FY22 was 52,000 tonnes
The Aluminium Park will offer facilities such as water, power, hot metal supply, dross processing plant, as well as other benefits to companies that set up their manufacturing units in the park.
Though volatile, most analysts don't expect prices to decline further
Now, with demand roaring and China curbing supply, consensus view is that outlook has never looked brighter for prices while mountains of aluminum are vanishing just when manufacturers need them most
Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out
Vedanta is raising annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of about Rs 4,681 cr
The board has also appointed various advisors to assist in evaluating the options, said the filing
Biden said the deal immediately removed tariffs on the European Union steel and aluminium, imposed by the previous administration, and lowered costs to US consumers
A crippling shortage across the country has pushed state-run Coal India to impose temporary supply curbs to non-power consumers
Aluminum was one of the first targets in China's efforts to curb industrial energy usage
Aluminium rose as much as 2.5% to $3,040 a ton on the London Metal Exchange Monday, the highest since July 2008.
Primary steel producers, however, remain unperturbed as they rely on imported coking coal to meet their demand
Tightening supplies of coal have triggered a power crisis in India as about 70% of the nation's electricity is fired by the fuel.
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
Demand is set to surge on the back of climate-change investment
Aluminum-air battery is potentially cheaper, vehicles using it would have a longer range, and it's safer, say experts.
The trend for aluminum has shifted from 'neutral' to 'positive'
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.