The facility, to be commissioned by July 2025, will initially produce 25,000 tonnes of the aluminium foil which forms the backbone of lithium-ion and sodium-ion cells, Hindalco Industries said in a press release on December 12. Stock Price Trend The stock has marginally outperformed its benchmark index in 2023 YTD,Read More →
Aluminium price on the London Metal Exchange is gradually gaining strength. The average price in September was roughly $2185 per tonne, up by 2.2% versus the average seen in August. Do note that the average price in the September quarter is still 4.4% lower sequentially. This suggests that there isRead More →
Also Read: Large cap speciality chemical stock fixes record date for 350% dividend, LIC held 1.40% stake in Q4 It is worth noting that more than 5 Nifty majors will release their quarterly earnings this week. They are Bharat Petroleum Corporation, Hindalco Industries, Grasim Industries, Sun Pharmaceutical Industries, Oil andRead More →
Q3 FY23 is likely to witness the juxtaposition of lower realisation and coking coal cost benefits, though subdued volume growth may spoil the fairy tale, said domestic brokerage and research firm ICICI Securities in a note on metal companies. “Key points: Ferrous EBITDA is likely to benefit from lower cokingRead More →
China’s Central Economic Working Conference, one of the most important events for metals, appears to advocate neutral policy stance for 2023. Post easing cycle in 2020 and tightening in 2021, China is likely to maintain neutral policy bias for second consecutive year (2022 and 2023), as per brokerage and researchRead More →
