Shares of NALCO, Hindustan Copper and Vedanta led a sharp sell-off in metal stocks on Sunday after gold, silver and copper prices slumped, with Hindustan Copper sliding as much as 19% as a stronger U.S. dollar and profit-taking after a recent rally rattled commodity markets following U.S. President Donald Trump’s nomination of Kevin Warsh as […]
Samvardhana Motherson International Ltd. (SAMIL) has secured government incentives to manufacture consumer electronics parts, in what can be seen as diversification by one of India’s auto components manufacturers. India’s Electronic Component Manufacturing Scheme incentivises the domestic production of PCBs, camera modules, and enclosures. (Bloomberg) Motherson Electronic Components Pvt. Ltd., a wholly owned unit, has secured […]
Billionaire Gautam Adani’s $1.2 billion copper smelter in Gujarat is receiving only a fraction of the ore required to operate the 500,000-ton-a-year plant at full capacity, as a global supply squeeze tightens. Adani’s Kutch Copper requires about 1.6 million tons of concentrate to function at full strength. (Reuters) Kutch Copper Ltd., which began processing metal […]