Page 2 - London Metal Exchange
Despite dull business, downside limited for Hindustan Zinc stock
On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year
 "Despite dull business, downside limited for Hindustan Zinc stock")
Nalco wins mining rights for Utkal-D coal block, E-block is next
This is an important milestone for the firm as captive coal production can cut aluminium smelting costs by 25%
 "Nalco wins mining rights for Utkal-D coal block, E-block is next")
Bullion, base metals, crude oil jump on US Fed's surprise interest rate cut
Gold and silver rise sharply on safe-haven appeal in a global economy prone to more downside risk
 "Bullion, base metals, crude oil jump on US Fed's surprise interest rate cut")
Lower prices, production take sheen off Hindustan Zinc's Q3 performance
In Q3, the average zinc prices on the London Metal Exchange at $2,388 a tonne was down 9 per cent year-on-year (YoY); sequentially, it was up marginally by 2 per cent
 "Lower prices, production take sheen off Hindustan Zinc's Q3 performance")
Troika of issues to have a bearing on Vedanta's near-term earnings
Soft base metal prices, cost pressures and lower volumes in some segments present key challenges
 "Troika of issues to have a bearing on Vedanta's near-term earnings")
Low prices, weak demand, volumes issues led to steel sector's muted Q2 show
Steel companies witnessed a contraction in margins, dragged down by lacklustre demand and lower global commodity prices
 "Low prices, weak demand, volumes issues led to steel sector's muted Q2 show")
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 cuts aluminium making cost by 10% to $1,852 a tonne in Q2")
Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%
In Q1 of FY20, the country's GDP growth touched a six-year low of 5%
 "Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%")
Copper prices hit two-year low as signs of global slowdown stack up
Prices fell 1.8 per cent to $5,520 a tonne on the London Metal Exchange on Tuesday
 "Copper prices hit two-year low as signs of global slowdown stack up")
Multi Commodity Exchange wants partial hedging for metals on local bourses
Currently, these large companies (such as Hindalco) hedge all their risks in metal prices on bourses abroad
 "Multi Commodity Exchange wants partial hedging for metals on local bourses")
LME set to launch precious metals spot, futures contracts
LME has tied up with WGC and a host of global banks and firms to introduce contracts in precious metals
 "LME set to launch precious metals spot, futures contracts")
