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China, Hindalco Industries
Hindalco to benefit from China scrapping export tax rebate: here’s how
India’s Hindalco Industries said China’s move to cancel export tax rebates on aluminum would benefit the company.
Hindalco to win from China tax rebate scrap?
Hindalco Industries Ltd. anticipates benefiting from China's removal of tax rebates on aluminum and copper exports. The move is expected to reduce cheap imports from China, providing relief to Indian producers facing pressure from increased Chinese foil purchases.
Metal Stocks Outshine Amid China's New Tax Rebate Removal; Hindalco, Vedanta, Nalco & Others Soar
The shares of Indian metal giants like National Aluminium Company (NALCO), Hindalco Industries, and Vedanta experienced significant gains on Monday, November 18, driven by a sharp rise in aluminium prices following China’s proposed removal of export tax rebates for commodities such as copper and aluminium.
NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates
The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said
NALCO shares end 8% higher; Hindalco, Vedanta gain 3% each post China's latest move
Chinese Aluminium exports represent 15% to 16% of the country's total production and 20% to 22% of production outside China.
NALCO, Hindalco Industries and Vedanta shares surge up to 7%. Here's why
China’s decision to cancel this tax rebate, which has long supported its export-driven aluminum industry, sparked a sharp rally in aluminum prices on the London Metal Exchange on Friday. The move is expected to curb the excessive supply of Chinese aluminum abroad.
Nalco, Hindalco, Vedanta shares rise up to 9% as China cancels export tax rebates for aluminium
Any tightening of the supply of aluminium and aluminium products globally are expected to benefit Indian producers.
1d
on MSN
Nalco, Hindalco, Vedanta rally up 10%; why these metal stocks are shining brighter
Indian aluminium companies were rallying higher on Monday as China said it would cancel export tax rebates, fuelling worries ...
1d
Stock market today: Nifty 50, Sensex extend slide to 7th straight session, post longest losing run since February 2023
The Nifty 50 closed the session with a decline of 0.34%, settling at 23,453 points. The S&P BSE Sensex closed 110 points, or ...
cnbctv18
7d
Novelis IPO unlikely in next six months, says Hindalco MD Satish Pai
Satish Pai, Managing Director of Hindalco said that aluminium prices are currently between $2,500 and $2,600 per tonne due to ...
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