Vedanta emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the company's Jharsuguda aluminium smelter
Symbol: ALUMINIUM| Contract: Apr, 2021| Category: Metal
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Imports of unwrought aluminium and aluminium products into China, the world's biggest producer of the metal, came in at 188,973 tonnes last month
In the Base Metals Index, zinc carries a weightage of around 33.06 per cent, copper accounts for 29.81 per cent, nickel has 14.77 per cent weightage, lead, 12.88 per cent and aluminium, 9.48 per cent.
China is the world's biggest metals consumer but also the top exporter of some industrial metals, such as steel and aluminium.
The role of aluminium in energy security, infrastructure, defense, aerospace, automobile, electricity, packaging and consumer products makes it a sector of strategic importance, according to the Aluminium Association of India.
Angered by Washington's refusal to exempt it from new steel and aluminium tariffs, New Delhi decided in June to raise the import tax from August 4 on some US products including almonds, walnuts and apples.
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