Metal Vedanta
Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target
The main drivers for Vedanta's positive outlook cited by analysts include strong performance in the aluminium, zinc, and oil segments, cost management efforts, and the ongoing capex plans
 "Analysts eye up to 53% upside in Vedanta share after Q3; CLSA ups target")
Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies
Vedanta Nico, a subsidiary of Vedanta Ltd, on Monday said it has entered into a pact with US-based AEsir Technologies for the supply of nickel, a critical component for next-generation batteries. Nickel plays an important role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as nickel-zinc variants, offer fast charging, reduce reliance on cobalt, and improve the overall electric vehicle (EV) value proposition. The global demand for nickel in batteries is projected to reach 500,000 tonnes by 2025 from 150,000 tonnes in 2020 due to the expanding EV market adoption. The International Energy Agency (IEA) forecasts that the number of electric cars will rise from over 10 million in 2020 to 145 million by 2030, spurred by larger battery capacities, faster charging, and advancements in reducing cobalt use. "Vedanta Nico, India's primary nickel producer, has signed a strategic Memorandum
 "Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies")
Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs
The rise in stock came after the board approved fundraising worth Rs 1,000 crore via non-convertible debentures (NCDs) on a private pavement basis
 "Vedanta jumps 7% after board approves Rs 1,000-cr fund raise via NCDs")
Tuticorin plant: Vedanta opposes Vaiko's impleadment plea in NGT
The Tamil Nadu government had on May 28 ordered the state pollution control board to seal and "permanently" close the mining group's copper plant following violent protests over pollution concerns
 "Tuticorin plant: Vedanta opposes Vaiko's impleadment plea in NGT")
Metal shares under pressure; Tata Steel, JSPL, Vedanta down over 5%
Vedanta slipped 6% to Rs 254, its lowest level since July 4, 2017 on the NSE
 "Metal shares under pressure; Tata Steel, JSPL, Vedanta down over 5%")
Metal shares gain; Vedanta up 5%
At 02:35 PM; Nifty Metal index, the largest gainer among sectoral indices, was up 2.6% at 3,663 compared to 0.88% rise in Nifty 50 index
 "Metal shares gain; Vedanta up 5%")
