Metal Firms

From Tata Steel to Hindustan Zinc, metal firms yet to deliver on hope

Though buoyant on bourses, their earnings, sales have lagged overall listed universe in past 2 yrs

Adani's $1.2 bn Mundra copper plant to boost India's metal production

Billionaire Gautam Adani-led group is building the world's largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India's dependence on imports and aid energy transition, sources said. The USD 1.2-billion facility will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029), two sources with knowledge of the matter said. India joins China and other nations that are rapidly expanding production of copper, a metal crucial for transition away from fossil fuels. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper. Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum capacity in two phases. For Phase-1, capacity of 0.5 million .

Sustained improvement in demand: A key factor for upsides in metal stocks

The outlook seems less grim but there is still a question-mark around sustainable improvement in demand

Valuations, demand uptick hopes favour Indian metal companies

Most metal players have underperformed the benchmarks over the past year

Metal companies see Chinese economy reopening as boost to commodities

Hindalco, Vedanta and Hindustan Zinc remain upbeat about future demand

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

Metal stocks rally as China considers $220 billion stimulus plan

The move was expected to bolster infrastructure spending in the world's second-largest economy, where stringent Covid-19 lockdowns have led to a slump in demand

Investors fear big decline in metal companies' margins and profits

The metal sector also faces headwinds from an investment slowdown in China that accounts for more than half the global metal demand

Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

Two years of Covid: Metals get their shine back as demand fuels rally

According to CRISIL Research, base metals are currently at their highest levels since 2008, while steel prices in Europe are at an all-time high

Palladium set for best week in 2 years as Russia supply concerns mount

Russia accounts for 40% of global production of the auto-catalyst metal used in catalytic converters to curb vehicle emissions

Russia-Ukraine war may throw up export opportunities for Indian metal firms

Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps

Metals & mining companies report record earnings in H1 of FY22

Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit

Limited supplies and high demand may continue to boost metal stocks

The BSE metal & mining index is up 144 per cent since the end of March 2020

India's metal sector severely hit by Covid-19; to see slow recovery: Report

According to the report, a severe dent in domestic demand for metals is anticipated and it will take until at least 2022-2023 to return to pre-pandemic levels

Better margins for metal firms likely in Q2

For base metal producers, rising rupee set to partly offset profitability