Indian conglomerate Vedanta, spanning metals to oil has announced plans to increase its capital expenditure for the current financial year. As per Chief Financial Officer Ajay Goel, Vedanta plans to increase it between $1.5 billion and $1.7 billion, up from $1.5 billion in the previous fiscal.
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Driven mainly by pre-holiday restocking demand, and with the slower pace of arrivals since the second half of April, coupled with the temporary end of disruptions from imported supplies, the destocking of domestic aluminium ingot inventory accelerated again by the end of April, approaching the 600,0 ...
On Thursday, May 1, the US aluminium giant Alcoa Corporation informed the media and stakeholders that its order book for the second quarter remains stable, despite US tariffs. CEO William Oplinger stated that the company has yet to observe any negative impact on bookings due to the tariffs; but coul ...
