Tag Archives: copper

ICRA revises non-ferrous metal sector outlook to positive from stable

Rating agency ICRA has revised its non-ferrous metals sector outlook to positive from stable on the back of robust prices and improving demand despite a near-term concern of coal availability and increased cost of production for the non-ferrous metal companies. … Continue reading

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Copper majors demand abolition of import duty

NEW DELHI: Indian copper majors have demanded abolition of duty on imported raw material and restoration of export duty incentives as their capacities lie underutilised. Hindalco Industries, Hindustan Copper and Vedanta have asked the government to remove the current import … Continue reading

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Domestic non-ferrous metal companies likely to post improved business returns in FY18

KOLKATA: Domestic non-ferrous metal companies are likely to post improved business returns in FY18 compared to FY17 with current buoyancy in metal sales realisation expected to hold steady during the remaining part of the year, ICRA research has said. Prices … Continue reading

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Global non-ferrous metal prices likely to remain buoyant

ICRA has said that global non-ferrous metal prices are likely to remain buoyant in next three months due to widening deficits in the market. A report released by ICRA on Tuesday said that consumption of non-ferrous metals remains in excess … Continue reading

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Tuticorin factory currently non-operational: Sterlite Copper

CHENNAI: Sterlite Copper today said its factory in Tuticorin district is currently non-functional and the company is awaiting approval from the authorities to resume operations at the site. At least nine people were killed in police firing in Tuticorin yesterday … Continue reading

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ICA holds 3rd edition of India Copper Forum

KOLKATA: International Copper Association India ( ICA India ) on Wednesday hosted the third edition of India Copper Forum (ICF) in association with Hindalco Industries Ltd & Vedanta Ltd in New Delhi. ICF, the largest non-commercial platform for the copper … Continue reading

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Vedanta pledges $700 million to the growth of Konkola Copper Mines, Zambia

KOLKATA: Vedanta has said it will invest around $700 million as part of its committment to the growth of Konkola Copper Mines in Zambia, This follows Vedanta’s previous injection of $3 BILLION (comprising the $1 billion pledge of fresh investments … Continue reading

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Sterlite Copper denied consent to operate by Tamil Nadu pollution control board

The Tamil Nadu Pollution Control Board has rejected a renewal of consent to operate to Sterlite, the copper smelter of London-based Vedanta Resources in Tuticorin following protests and agitations in the state against the company’s expansion plans. Sterllite had not … Continue reading

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Sterlite closure: No immediate crisis but concerns on future copper supply

CHENNAI: Copper consuming industries are switching to a combination of imports and increased sourcing from the other large private producer Hindalco after the closure of the Vedanta-Sterlite factory cut domestic production and raised concerns over future supply. Industrialists, however, confirm … Continue reading

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Non-ferrous metals market continues to remain in deficit: ICRA

KOLKATA: Even though international prices of the three non-ferrous metals – aluminium, copper and zinc have witnessed corrections of 20%, 13% and 16% respectively in the last one year, primarily due to macroeconomic uncertainties on the back of ongoing trade … Continue reading

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