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Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that mostly work in the aluminium and zinc industries. Even if it has decreased recently, the domestic e-auction premium for coal still remains high at about 30%.
 
Because there are fewer coal linkages to non-power sectors and higher coal prices in both the local e-auction and the foreign markets, domestic base metal industries’ power costs have dramatically increased in the domestic market, according to a statement from ICRA.
 
Additionally, the cost of alumina dropped along with the cost of aluminium, providing some relief to the players that are not integrated.
 
In the near future, the high price of coal may continue to be problematic.
 
Because of this probable decline in profitability, the rating agency stated that it modified the outlook for the base metal industry from positive to stable in July.
Source: India Info Line


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Friday, 18 November 22
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Tuesday, 15 November 22
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Tuesday, 15 November 22
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Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...


Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
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