Page 2 - Metal Sector

China planning to add cobalt, copper in boost to state metal reserves

Cobalt, copper, nickel and lithium are among the metals the government plans to purchase, according to people familiar with the discussion

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

Caught in the geo-politics storm, Indian metal makers to see choppy prices

Base metals such as copper and aluminium are expected to see global deficits

Nifty Metal bounces back from long-term support levels, can gain another 7%

The Nifty Metal index tested the 100-Week Moving Average for the last six weeks, and seems to have defended it for now. Among stocks Tata Steel, SAIL and Hindalco can rally up to 12%, suggest charts.

Trump tariff shadow over metal industry's Rs 8.6 trillion capex push

The US President announced a 25 per cent tariff on steel imports into the US and a similar 25 per cent tariff on aluminium on February 10

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

Nifty Metal eyes 15% fall if it breaks 7,900; these stocks may be worst hit

The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.

Industry body ISSDA seeks separate policy for stainless steel industry

Raw material securitisation would be one of the major components of the policy. The scope of the policy would also include aspects such as increasing demand and building capacities

Vedanta soars 7% amid heavy volumes on healthy outlook

Last month, Vedanta said that demerger on track and in its final stages, with shareholder and creditor meetings scheduled in the coming months.

Vedanta plans to invest $500 mn in display glass maker AvanStrate Inc

Metals and mining giant Vedanta Ltd is planning to invest close to USD 500 million in its display glass unit AvanStrate Inc, the company said on Monday. Vendanta Group has expressed interest in setting up a display semiconductor manufacturing unit in India. "Vedanta Limited is planning to invest close to USD 500 million (about Rs 4,300 crore) in its group company, AvanStrate Inc. (ASI), a leading global display glass manufacturer that is now fully managed by Vedanta Limited," it said in a statement. The company plans to make this strategic investment to drive innovation and expansion within ASI, strengthening its focus on research and development, as well as manufacturing capabilities and product offerings to cater to the growing global demand for advanced display glass solutions, the statement said. "This strategic investment from Vedanta Group is reflective of our clear and definitive shift in focus toward significant growth-oriented projects. We are confident that ASI's ...

Metal index corrects for 4th day in a row; NMDC, Tata Steel slips up to 8%

The Nifty Metal index, the top loser among sectoral indices, was down 2 per cent, as compared to the 0.35 per cent rise in the Nifty 50, at 9:53 AM.

Vedanta to establish two not-for-profit industrial parks: Anil Agarwal

Industrialist Anil Agarwal states that an industrial park can greatly increase the competitiveness of manufacturing while bringing down the cost of transporting raw material

India to hold more talks over import curbs on steelmaking raw material

In June, India's federal steel ministry also wrote to the trade ministry to make clear it did not favour limits on imports of met coke, citing risks to domestic output

SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

Domestic steel spread is at Rs 24,330 per tonne ( the lowest since March 2024) and the price of hot rolled coil (HRC) is at Rs 51,370 per tonne (the lowest since December 2020), said Dixit

Vedanta gets secured creditors' nod for demerger into six companies

Agarwal tried unsuccessfully to take Vedanta private in 2020, his latest attempt to trim down parent company's debt last year by getting its unit, Hindustan Zinc, to buy some of firm's zinc assets

Germany's new lithium deal aims to reduce Europe's reliance on China

German Chancellor Olaf Scholz was in Serbia on Friday to discuss a tentative deal with the Balkan country to excavate lithium, a mega project that could reduce Europe's dependency on China but one that has been fiercely criticised by environmentalists and opposition groups. Germany, the largest carmaker in Europe, is seeking to secure lithium for its electric vehicle makers as the European Union struggles to reduce its dependence on imports from China. Lithium is a critical substance in making batteries for electric vehicles China currently dominates the supply chain for lithium-ion batteries. The excavation of lithium was back in the limelight after Serbia's constitutional court earlier this month overturned a previous ruling to cancel a USD 2.4 billion mining project launched by British-Australian mining giant Rio Tinto in the western Serbian valley of Jadar, which is believed to be the largest lithium discovery in Europe. The Serbian government's decision to cancel the excavatio

Gold prices hover near 1-month peak as Fed rate cut hopes lend support

The dollar held steady, while long-dated U.S. bond yields rose, as investors weighed whether the assassination attempt on Trump increased his chances of victory

Metal, power producers seek streamlined visa regime for Chinese experts

Domestic metal and power producers argue that many project-critical activities face setback due to visa approval delays faced by foreign experts, especially Chinese OEMs, contractors, and engineers

Tata Steel, SAIL: Analysts give 'sell' call on steel stocks; here's why

Individually, Welspun Corp, and Steel Authority of India dropped 8.5 per cent each, NMDC 4.9 per cent, APL Apollo Tubes 3.8 per cent, and Adani Enterprises 2 per cent in the last one month

Court approves billionaire Anil Agarwal's plan to reclaim Zambia mine

To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers