Page 2 - Metals
Vedanta stock slips over dip in commodity prices despite in-line Q2 show
Soft prices of commodities including metals is weighing on investor sentiment
 "Vedanta stock slips over dip in commodity prices despite in-line Q2 show")
Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
 "Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%")
Auto, banks rule the roost in H1FY23; IT and metal stocks laggards
M-cap of Adani group goes up 55.2%, while Tata and Ambani biz houses' declines 10%
 "Auto, banks rule the roost in H1FY23; IT and metal stocks laggards")
Metal sector: Investors should brace for a difficult Q2; H2 could be better
Metal spreads may not yet have bottomed out with guidances indicating Q2' FY 2022-23 may see lower profitability
 "Metal sector: Investors should brace for a difficult Q2; H2 could be better")
China's $220-bn stimulus unlikely to reverse global metals meltdown
Extra funds will likely be used to plug Covid-era budget gaps, and won't tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector
 "China's $220-bn stimulus unlikely to reverse global metals meltdown")
China stimulus unlikely to reverse rout in the global metals market
While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time
 "China stimulus unlikely to reverse rout in the global metals market")
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
 "Investors fear big decline in metal companies' margins and profits")
Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts
Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.
 "Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts")
Copper prices hit 17-month low over China restrictions, says report
Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $7,982 a tonne at 1602 GMT
 "Copper prices hit 17-month low over China restrictions, says report")
Gold edges lower as July rate hikes loom; silver near lowest level in 2 yrs
Gold is currently ranging above $1,800 backed by Treasury yields and the spike in US dollar strength
 "Gold edges lower as July rate hikes loom; silver near lowest level in 2 yrs")
Second half of 2022 starts with more declines in global stocks, yields
US Treasury yields tumbled on market expectations that US consumer prices will come down close to the Federal Reserve's inflation target.
 "Second half of 2022 starts with more declines in global stocks, yields")
What's ahead for the distressed IT, banks, realty, and metal sectors?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
 "What's ahead for the distressed IT, banks, realty, and metal sectors?")
Distressing times await metals and OMCs
The govt has levied duties on steel exports to curb inflation. But it came as a setback for the metal and oil marketing companies. Find out the impact of this policy decisions and the sector outlook
 "Distressing times await metals and OMCs")
What's ahead for the defeated IT, banks, realty and metals?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
Street betting on revival of metals cycle amid buzz of over-correction
High input costs leading to margin pressure, lower-than-expected realisations are among downside risks
 "Street betting on revival of metals cycle amid buzz of over-correction")
India to benefit from increased global demand for metals, foodgrains
India is well positioned to benefit from the increased global demand for steel, aluminium and foodgrains -- wheat and rice, said brokerage house ICICI Securities.
 "India to benefit from increased global demand for metals, foodgrains")
Vedanta demerger call by March-end: Anil Agarwal
While the zinc business is already housed in a listed subsidiary, the plan is to demerge the aluminum, iron and steel, and oil and gas businesses into standalone listed entities
 "Vedanta demerger call by March-end: Anil Agarwal")
Europe's metal industry asks EU to help it deliver energy transition
Eurometaux has asked EU policy-makers to allow member states to support domestic producers with state aid to ensure supplies of the metals crucial for the transition to low carbon energy
 "Europe's metal industry asks EU to help it deliver energy transition")
Metals poised for a rally, suggest charts; JSPL, Tata Steel are top picks
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
 "Metals poised for a rally, suggest charts; JSPL, Tata Steel are top picks")
Base metals shine in wild 2021 as gold falters, iron ore sinks
Gold bulls were ultimately left disappointed even as inflation raged
 "Base metals shine in wild 2021 as gold falters, iron ore sinks")
