India's aluminium, copper producers rise as China proposes to curb exports

National Aluminium

18/11/2024 04:01

** Shares of India's copper and aluminium manufacturers rise
between 3% and 6%
    ** Shares of Hindalco  HALC.NS  up 4%, National Aluminium Co
 NALU.NS  up 6.6%, and Vedanta  VDAN.NS  rises 3.3%
    ** China's finance ministry last week proposed to reduce or
cancel export tax rebates for commodities including copper and
aluminium, effective Dec 1
    ** China's move has lifted global aluminium prices as the
move will likely reduce supply of metals globally

 (Reporting by Sethuraman NR)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))