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Aluminium: Hindalco misses second quarter profit forecast due to falling prices and demand
India's Hindalco Industries, one of the country's largest aluminium and copper producers, on Friday reported a lower-than-expected quarterly profit, hurt by lacklustre aluminium demand and prices. The Aditya Birla Group-owned company, which operates in 10 countries,...
Zinc: Russian mine fire drives up metal prices
The fire at Russia's Ozerny mine has been extinguished, but it has ignited the zinc market. The three-month metal on the London Metal Exchange (LME) jumped to a five-week high of $2,631.50 per tonne on Wednesday when the news broke. The price has since fallen to...
Copper: fears over Chinese demand and the strengthening of the dollar hold back the rise
LME three-month copper prices remained flat on Thursday, pressured by lingering uncertainty over the economic recovery in China, the main metal consumer, and the strengthening dollar. Three-month copper on the London Metal Exchange is trading at $8,120/mt (14:16...
Steel: Indian producers propose auto-grade price increase in the wake of coal volatility
Against a backdrop of volatile coal prices, Indian steel producers are negotiating a price increase for auto-grade steel. The proposed increase is Rs 2,000-3,000 per tonne for hot-rolled coils and Rs 4,500-6,000 per tonne for cold-rolled coils. These contracts are...