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NALCO, Hindalco gain up to 8% as global aluminium prices hit 7-week high amid Mideast tensions
NALCO and Hindalco shares rallied sharply on Wednesday as global aluminium prices hit a seven-week high amid Middle East tensions and fresh supply concerns. A production cut at Brazils Alunorte refinery, multi-decade-low LME inventories and disrupted Middle East shipments have tightened the market, supporting aluminium prices and Indian producers.
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Hindalco share price: Why brokerages are reiterating their Buy calls, raising target prices after Q1 earnings
Hindalco shares fell despite the company reporting a record Q1 profit. However, brokerages remained bullish, citing strong India operations, improving downstream mix and a…
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NALCO, Hindalco gain up to 8% as global aluminium prices hit 7-week high amid Mideast tensions
NALCO and Hindalco shares rallied sharply on Wednesday as global aluminium prices hit a seven-week high amid Middle East tensions and fresh supply concerns. A production cut at…
- ·
Explained: Why Vedanta Aluminium, Hindalco, Nalco shares tumbled up to 7% on Friday
Vedanta Aluminium, Hindalco and NALCO fell as aluminium prices retreated after Norsk Hydro resumed Alunorte refinery production, easing supply shortage concerns.