Hindalco Industries provides Outlook for aluminium and copper

Hindalco Industries Ltd has announced the following Outlook:

Industry Outlook:

Aluminium

Globally aluminium demand has witnessed a growth of 7.7% during the first nine months. The year promises to be strong in terms of price performance. Notwithstanding the possible slowing down of consumption, in U.S., aluminium consumption in China remains the strong driver of price.

Copper

Copper prices continued to come down to more realistic levels with Chinese demand decreasing considerably. In the coming year, availability of copper concontrate being tight, the TcRc margins are likely to be under pressure.

Company Outlook

The Company has been improving its performance steadily. It is continuously leveraging its fundamental strengths to deliver shareholder value. The Company will endeavour to deliver good results despite severe inflationary pressures and wide fluctuations in LME.

Source : Equity Bulls

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