LME
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Hindalco bets on value-added products for earnings growth, stock re-rating
Hindalco reported record revenue and profit in the latest quarter amid increasing metal prices and improved Novelis performance. The company anticipates muted growth due to declining aluminium prices and elevated input costs. It has initiated significant investments in capacity expansion and enhancing value-added products. Novelis expects to transition towards increased earnings and cost savings in the coming years. Hindalco's strategic moves aim to fortify its position in the aluminium market.
Explained: Why copper prices could fall further after four-month low amid US election outcome
Copper prices fell to a four-month low following the US midterm election outcome, which raised doubts over AI data centre demand and import tariffs. Despite a minor Monday bounce and tight supply constraints, analysts at TD Securities warn of potential further downside in the near term.
Hindalco earnings to stay steady even if aluminium prices fall, says MD Satish Pai; Q2 profit rises 59%
Hindalco expects its earnings to remain stable even if aluminium prices soften, managing director Satish Pai said after the company posted record September-quarter profit of Rs 7,533 crore. He cited the company's diversified businesses, including copper and downstream aluminium, as buffers against price volatility in its upstream aluminium operations.
Copper price falls for 4th day, heads for worst week since March on AI rout
Copper prices have faced yet another decline, marking four consecutive sessions of decrease, primarily due to a dip in technology shares and rising concerns over artificial intelligence investments. The three-month copper rate on the London Metal Exchange fell to a low not seen since late July. While tight supply, particularly outside the US, has cushioned further losses, a significant drop in copper stocks within Chinese warehouses is intensifying supply anxieties.
Hindalco Q2 Results: Revenue jumps 39% YoY to Rs 91,708 crore; profit rises 59% on one-time gain
Hindalco Industries revealed a consolidated net profit of Rs 7,532 crore for Q2 of FY27, marking a rise of about 59% from Rs 4,741 crore last year. The company boasted a revenue from operations of Rs 91,708 crore, indicating a year-on-year growth of nearly 39%. This profit takes into account certain exceptional gains and deductions, although shares dipped slightly after the results were shared.
ETMarkets Commodity Talk| A 10% allocation to gold and silver? Motilal Oswal's Manav Modi explains the commodity playbook
In this edition of ETMarkets Commodity Talk, Manav Modi, Commodities Analyst at Motilal Oswal Financial Services, decodes the contrasting moves in gold, crude and copper. He also shares his views on the role of commodities in a long-term portfolio, the common mistakes investors should avoid, and why an allocation of at least 10% to gold and silver could be considered based on an investor's risk profile and investment horizon.
ETMarkets Smart Talk| Gold, silver or copper? Tata MF fund manager suggests a 50:30:20 commodity allocation: Tapan Patel
In this edition of ETMarkets Smart Talk, we speak with Tapan Patel, Fund Manager – Commodities at Tata Asset Management, who shares his outlook on gold, silver, copper and crude oil, explains the changing dynamics driving commodity prices, and suggests a 50:30:20 allocation to gold, copper and silver, respectively, for investors looking to build a commodity portfolio for the long term.
ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.
Vedanta Aluminium more than doubles profit; cost cuts in focus to drive earnings
Vedanta Aluminium’s September-quarter net profit more than doubled, while revenue rose 41% and EBITDA surged 83% year-on-year. The company expects higher production volumes and lower costs to support earnings despite declining aluminium prices. Production costs could fall 6% by year-end, aided by increased captive bauxite availability and operational efficiencies.
Vedanta Aluminium reports 41% revenue growth to Rs 22,066 crore in September quarter
In the September quarter, Vedanta Aluminium experienced a remarkable 41% growth in revenue year-on-year. Despite predictions of falling aluminium prices, production is on the rise due to enhanced capacity. The company forecasts a reduction in production costs by 6% by year's end. Operational enhancements indicate that earnings will still rise, positioning Vedanta positively amid shifting market conditions.
Trading starts on LME's first contract from Shanghai exchange collaboration
The London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration with the Shanghai Futures Exchange. More than 550 lots traded in the first two active months, while two 2027 contracts were held back over a potential technical issue.
Copper stays range bound as US tariff uncertainty, oil inflation risks weigh
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
Steelmakers may outperform non-ferrous peers in Q2 as higher volumes support earnings
Non-ferrous companies are expected to see a sequential decline in earnings, with revenue and Ebitda expected to fall 2% and 13%, respectively. The decline in average LME aluminium prices is likely to weigh on their profitability.
Copper falls as LME stocks edge higher and mine supply concerns ease
Copper prices have dipped due to rising inventories culminating from a resolution of a major strike at a Chilean mine. With available copper stocks hitting a two-month peak following substantial inflows, expert analyst Daniel Ghali pointed to US tariffs impacting global supply chains and shipping costs. In contrast, China exhibits signs of economic growth, notwithstanding ongoing struggles in its property sector.
Copper hits 10-day low on profit-taking as supply worries ease
Copper prices decreased to their lowest point in ten days, influenced by profit-taking and lower supply fears. The decline in prices coincided with rising concerns over inflation and interest rates. After reaching an agreement at the Escondida mine, Chilean miner BHP alleviated worries about possible strikes. Additionally, Asian tech stock sell-offs further pressured the metals market, contributing to the copper dip.
Vedanta shares jump over 3% after Rs 5 interim dividend announcement
Vedanta shares rose on Friday after the mining major announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend marks the company's first since its demerger into five entities, which could reshape its future dividend payouts.
Adani Enterprises has finally got strong winds filling its sails
Adani Enterprises’ outlook is improving as several incubated businesses reach commercial scale. CARE Ratings has upgraded AEL to AA, citing stronger financial flexibility after its ₹15,000-cr QIP and Adani Airports monetisation. Airports, Kutch Copper and roads are expected to drive FY27 earnings, while data centres, new energy, defence and aluminium offer longer-term growth.
Vedanta dividend alert! Anil Agarwal-led firm announces Rs 5/share interim dividend for FY27. Check record date
Vedanta dividend 2026: Vedanta has announced its first interim dividend of Rs 5 per share for FY27, with a total payout of Rs 1,955 crore. The dividend comes after the company’s mega demerger earlier this year. Investors will need to hold Vedanta shares by October 14 to qualify, with October 13 being the last buying day.
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