Flirting At 2-Yr Highs
Sector macroscope: Copper, Cocoa, and Aluminium.
Sector macroscope: Copper, Cocoa, and Aluminium.
The CBAM, a form of carbon tax acting as an import duty, is set to be implemented from January 1, 2026.
The aluminium giant has submitted a draft registration statement with the Securities and Exchange Commission (SEC) of the US for IPO
Novelis expects to complete the public offering after the SEC completes its review process.
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
India's biggest iron ore producer NMDC, has hiked prices for the first time in the current fiscal (FY24).
U.S. arm Novelis reports revenues of $4.1 billion, impacted by lower average aluminium prices and subdued shipments.
Indian steel and aluminium exporters will see their market access restored by the U.S.
Prices have plunged around 45% from the March 2022 peak to around $2,400 per tonne, driven by Chinese lockdowns and easing supply concerns.
This is also the largest global greenfield expansion project of the Aditya Birla Group.