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"Aluminium is a dollar denominated commodity. In the US, the trade rates are expected to peak out. From that perspective, aluminium will have some support as it is dollar denominated because it is inversely related to our dollar index. But at the same time, in China, the supply from Yunnan region is picking up and because of the supply surplus, aluminium prices have not picked up the way it was expected. " ....
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter at Rs 6,109 crore declined 29.2 percent on-year from Rs 8,640 crore. ....
Customers present sustainability awards to Henkel Adhesive Technologies webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
Hindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and construction segment, destocking in the can segment, and low aluminum prices. Kotak Institutional Equities maintains an add rating for Hindalco s shares, but believes that the stock will remain under pressure in the near term. Novelis is projected to have earnings before interest, tax, depreciation, and amortization of $444 per tonne in 2023-24 and $475 per tonne in 2024-25. The demand for cans is expected to remain weak, but the automobile segment continues to show strength. ....
Novelis Inc., a prominent purveyor of sustainable aluminum solutions, has recently unveiled a new long-term contract in partnership with Coca-Cola Bottlers' ....