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China, Hindalco
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
Hindalco, Vedanta, Nalco May Benefit From China's Latest Move
China's decision to cancel export tax rebates on aluminium could lead to tighter global supply and rising prices, offering a competitive edge to Indian producers like Hindalco, Vedanta, and NALCO.
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, 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.
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.
14h
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 ...
Business Line
7d
Hindalco Q2 net up 78% on lower cost, better realisation
Hindalco
Industries
Limited, an Aditya Birla Group company ... Pai said the demand for scrap in
China
has gone up ...
7d
India’s Hindalco Reports 78% Jump in Profit on High Metal Prices
Hindalco Industries Ltd., one of India’s largest aluminum and copper producers, reported a 78% jump in second-quarter profit, ...
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