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Coventry University partners with Alucast to advance high-grade aluminium production from recycled material
19 Jul 20262MINS
Recycled AL
Coventry University has partnered with aluminium foundry Alucast to investigate how recycled aluminium can be processed into high-grade materials suitable for use in critical industries. The initiative is part of the Clean Futures Programme and aims to help reduce the UK's reliance on imported primary-grade aluminium alloys, which are widely used across sectors including automotive and defence. According to the university, the UK currently imports up to 1.25 million tonnes of primary-grade a ...
CRISIL upgrades Vedanta, Vedanta Aluminium and Vedanta Oil & Gas ratings after demerger
19 Jul 20263MINS
Primary AL
CRISIL Ratings has upgraded the credit ratings of Vedanta Ltd, Vedanta Aluminium Metal Ltd and Vedanta Oil and Gas Ltd following the group's demerger, citing stronger business and financial risk profiles across the three companies. Vedanta Ltd's long-term rating was upgraded to CRISIL AA+/Stable from CRISIL AA/Watch Developing, while its short-term rating was reaffirmed at CRISIL A1+. The rating agency also assigned a CRISIL AA+/Stable rating to the company's non-convertible debentures. Acco ...

19 Jul 20263MINS
Primary AL
US June CPI fell 0.4 per cent M-o-M, the first month-on-month contraction since 2020, prompting the market to lower its expectations for US Fed interest rate hikes. However, Fed Chairman Warsh bluntly expressed "zero tolerance" for the persistent five-year high inflation, displaying a tough hawkish stance. According to CME data, the probability of a rate hike was 53.5 per cent in September, rising to 61.8 per cent in October and further to 74 per cent in December. The pressure on the valuatio ...
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