CHANGING, CONSOLIDATING, RESURGING - COPPER
Article Abstract:
The annual demand for copper in India is around 3 lakh tonnes. New units commissioned include the one lakh tonnes Indo Gulf Corporation smelter. The other major private copper producing company is Sterlite, while the third player is the government- owned Hindustan Copper Ltd. Copper prices fell after the crash of Sumitomo and economic recession. In India, the duty on copper import has been raised. The major consumers of copper are the electrical and telecom industries. As more power projects come up, the demand for copper should also grow. The growth in the 6 months ended September 1998 fell to less than 4 percent. Production of copper is expected to increase by about 125 percent at 61,725 tonnes in 1998-99. Good returns on higher volumes will come only when the power projects take off. This can happen only if the economy stabilises. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CHANGING, CONSOLIDATING, RESURGING - ALUMINIUM
Article Abstract:
Now the demand for aluminium in India is around 6 lakh tonnes per annum. The annual growth of the industry during the consolidation period of the last 2 years has fallen below the expected growth of 5 percent. In 1997-98, the production rose by 5.8 percent at 5.55 lakh tonnes. A smelter plant of Hindalco was commissioned to raise the production capacity. The expected production in 1998-99 is 5.30 lakh tonnes - a fall of 4.5 percent. The fall is mainly due to technical problems of the NALCO plants. The aluminium production of Indal grew by 18 percent in the 6 months ended September 1998, while Hindalco recorded a 20 percent growth. Hindalco has raised its prices. The prices of aluminium are falling in global markets. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CHANGING, CONSOLIDATING, RESURGING - ZINC
Article Abstract:
The production of zinc is expected to be grow by 3.6 percent at 1.70 lakh tonnes against a demand of 2.4 lakh tonnes in 1998-99. The price of zinc has fallen to $920 a tonne on the London Metal Exchange - 30 percent less than the average realisation in 1997- 98. The major producers of zinc are the public sector Hindustan Zinc Ltd and the private Binani Zinc. The lack of demand in the Asian markets and a general recession have hit the growth of the zinc industry in India. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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