Non-ferrous metals’ consumption to dip 3-8% in 2020 due to Covid-19: ICRA

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Consumption of non-ferrous metals like copper and aluminium would contract significantly this year due to the COVID-19 pandemic, rating agency ICRA said on Thursday. The pandemic has severely impacted the global automobile, construction and electrical machinery industries, which together contributes 75-85 per cent to the global non-ferrous metal demand, ICRA said in a statement. “Consequently, ICRA expects that in the current calendar year, […]

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India’s mining industry urges government to remove fetters on bauxite

India’s mining industry has urged the government to re-examine an export duty of 15% imposed on bauxite that has sharply cut down shipments as well as policy measures to facilitate production of the aluminium-making material. R.L. Mohanty, vice president of Federation of Indian Mineral Industries told a conference titled “Leveraging Indian Bauxite and Aluminum Industry for […]

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Chinese aluminum flat rolled products being probed by EU for dumping

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The European Commission (EC) has launched an antidumping investigation into aluminum flat-rolled products originating from China, it said. The decision comes in response to a complaint lodged on June 30 by industry group European Aluminium on behalf of producers representing more than 25% of the total EU production of flat-rolled products. The EC said sufficient […]

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Focus on exports helps Vedanta Aluminium cushion Q1 lockdown shock; expects business climate to improve in H2

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Vedanta Aluminium managed to sustain its production levels in the first quarter of this fiscal despite a national lockdown triggered by fears over the spread of the deadly Covid-19 virus, its Chief Executive Officer Ajay Kapur said. He told indoasiancommodities.com in an interview that Vedanta Group’s aluminium business was agile enough to successfully weather a particularly troublesome […]

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Frosty India-China trade ties could be another Himalayan blunder

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India and China have been uneasy neighbours for decades, but they still managed to grow bilateral trade. However, a recent border clash over the Himalayas are turning ties increasingly cold as New Delhi takes steps to hit Beijing where it hurts most — business. After India delayed customs clearances of goods imported from China, the […]

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