Aluminum makers in India desperate for coal as power supply gets erratic

India’s aluminum makers are calling on state-run Coal India Ltd. to restore supplies of the fuel, after the producer cut back shipments to prioritize deliveries to power plants amid surging electricity demand. The producers, typically among the largest industrial electricity consumers, face severe disruption if smelters experience outages and have few alternatives to domestic coal, […]

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China to auction 150,000 tonnes of metal from state reserves on 1 Sept, 2021

China’s state reserves administration said it would sell off a total 150,000 tonnes of its strategic metal stockpiles via public bidding today on 1 September, in the third round of auctions aimed at cooling high prices. The National Food and Strategic Reserves Administration said in three separate notices it would auction 30,000 tonnes of copper, […]

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Record high aluminium prices in the US and Europe likely to encourage exports of the metal from India; Hindalco, Vedanta to gain

Record aluminium prices in the United States and Europe will be sustained by Russia’s mining tax for some months, but attempts to push prices even higher are likely to face headwinds from traders cashing in their stocks, analysts said. Russia has imposed a 15% tax or a minimum of $254 a tonne on aluminium exports […]

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