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HINDALCO - Hindalco Industries News Story

₹533.75 -9.1  -1.7%

Last Trade - 11:28am

Sector
Basic Materials
Size
Large Cap
Market Cap £11.80bn
Enterprise Value £16.37bn
Revenue £14.36bn
Position in Universe 44th / 3159

BUZZ-Indian aluminium producers jump as smelters in China told to cut output

Fri 27th August, 2021 6:00am
** Shares of Vedanta Ltd  VDAN.NS , Hindalco Industries Ltd
 HALC.NS , National Aluminium Co  NALU.NS  rise as much as
2.7%-7.4%
    ** A prefecture in China's Xinjiang region imposed output
limits on five aluminium smelters starting this month to stamp
out illegal production  urn:newsml:reuters.com:*:nL1N2PX1HT
    ** Xinjiang is a major smelting hub in China, accounting for
almost one-fifth of supply in the world's biggest producer and
consumer of aluminium
    ** Shanghai aluminium hits 13-year high
    ** India's National Aluminium rises as much as 7.4% to
highest since Aug. 16
    ** Nifty Metal index  .NIFTYMET  climbs as much as 1.7% in a
weak broader market  .NSEI 
    ** As of last close, VDAN, HALC, NALU up 76.3%-82.8% YTD vs
66.1% rise in Nifty Metal index

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))
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