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Rest Of Asia

EU alumina exports to Russia come under fresh scrutiny from Belarus opposition leader
Alumina
After Estonia’s call for Aughinish Alumina export sanctions on Russia, Belarus has joined the discussion with the European Union (EU). Exiled Belarusian opposition leader Sviatlana Tsikhanouskaya has urged the EU to halt alumina exports to Russia, arguing that the materials support industrial and military production.  Speaking at the European Economic and Social Committee (EESC), Tsikhanouskaya appreciated the investigation undertaken by The Irish Times and the Organised Crime and Corruption ...
Vedanta Aluminium poised for Large-Cap status in upcoming AMFI reclassification
Primary AL
Vedanta Aluminium holds the potential to secure a place in the Large-Cap segment along with BSE, Vodafone Idea, and Hitachi Energy India, under the upcoming semi-annual stock categorisation by the Association of Mutual Funds in India (AMFI). Meanwhile, LG Electronics and Siemens Energy India might occupy Mid-Cap positions. Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel, from the Vedanta demerger, are expected to enter the Small-Cap category. The revised classification, expected in ...

Downstream
According to SMM statistics, as of June 18, days of inventories at domestic aluminium rod plants stood at 1.82 days, down 0.84 days from the same period last week (2.66 days on June 12); the inventory ratio fell from 9.28 per cent to 6.87 per cent, a decline of 2.41 percentage points, and inventory levels have dropped to an extremely low range for the year. During the same period, the comprehensive operating rate of leading aluminium rod enterprises recorded 83.40 per cent, up 1.3 percentage p ...
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