Aluminium Supplies

Here's why Maan Aluminium shares were locked in 20% upper circuit today

Maan Aluminium said it has been awarded 'Zero' rate of anti dumping duty for the export of aluminium extrusions to the US.

Aluminium stocks jump as traders eye shift from shortage to glut

Warehouse stockpiles tracked by the LME jumped by 11% on Tuesday, the biggest increase since February, and rebounding from a three-decade low struck in August

BALCO recognized in Best Brands 2020'

.

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

Weak forecast for aluminium prices to affect domestic producers next year

Aluminium prices are expected to soften by 1.7% in 2020 after an expected decline of 15.1% in calendar 2019

Aluminium makers stare at consumption slowdown on auto sector stress

The prevailing economic slump and auto sector stress are likely to moderate consumption of aluminium products

Weak LME prices to squeeze aluminium output growth to 3.7% from 8.9%

Brownfield ramp-ups ruled ou in near term with three top producers - Hindalco, Vedanta and Nalco - running at near peak capacities

Tighter aluminium supplies to drive Hindalco, Vedanta's earnings

Rusal accounts for close to six per cent of global aluminium supplies and 13-14 per cent of overall supplies if China is excluded. Analysts at Kotak Institutional Equities say that sanctions against the company can have an adverse impact on the global aluminium supply chain, and hence they expect strong improvement in outlook in next two years. Aluminium prices on the London Metal Exchange (LME) are up sharply by 14.5 per cent in less than a week, on supply disruption concerns. The per-tonne price had plummeted to $1,966 last Friday; it surprised the market by rebounding to $2,251 on Wednesday. This has also boosted the Street's confidence on stocks of Indian aluminium producers such as Vedanta and Hindalco, up about five per cent and 16 per cent, respectively, from their lows in early April. Even Naational Aluminium (Nalco) has gained 14 per cent, with the rise in prices of alumina, a key input. Despite the rally, analysts see more gains for the three companies. A foreign brokerage ..