Recent developments in India’s economic and industrial policies underscore the nation’s growing influence in global trade and strategic partnerships. The Reserve Bank of India (RBI) has relaxed regulations governing Special Rupee Vostro Accounts (SRVAs), allowing banks to open these accounts without prior approval. This move facilitates direct trade settlements in Indian Rupees (INR) among BRICS […]
Continue readingAuthor Archives: Sarnali Chakraborty
Upstream weekly: NALCO & Hindalco post stellar earnings amidst challenging aluminium market conditions
The upstream aluminium market kicked off the week with a mix of strong earnings, operational challenges, and strategic resilience across major players. India’s state-run NALCO delivered a stellar start to FY26, posting a 77 per cent year-on-year surge in Q1 profit on the back of buoyant demand, cost efficiencies, and robust exports. Hindalco also reported […]
Continue readingUpstream weekly: US-India trade row deepens over aluminium tariffs; Russia partnership gains ground
The protectionist tariff strategy once championed by US President Donald Trump to bolster domestic aluminium and steel production appears to be backfiring in early 2025. US trade relations with India have entered a turbulent phase. The US recently rejected India’s request for consultations at the World Trade Organisation (WTO) over the doubling of tariffs on […]
Continue readingUpstream weekly: Vedanta, Rio Tinto & Constellium reports mixed financial results amidst revenue growth & strained profit
This week the global aluminium industry has witnessed a lot of significant events. From North America’s brewing tariff tensions to fluctuating stock performances in India, to three major players of the global aluminium industry, namely Rio Tinto, Vedanta and Constellium SE announcing their latest financial updates. To begin with, Rio Tinto, reported a dip in […]
Continue readingUpstream weekly: Canada hints at revising 25% tariff on US aluminium and steel amid trade talks
Trade tensions are once again simmering across North America and Asia as the United States faces mounting pressure from key partners over its stance on aluminium and steel imports. In July 2025, two major developments unfolded, Canada hinted at revising its retaliatory tariffs on US metals, while India drew sharp criticism from Washington after threatening […]
Continue readingUpstream weekly: Aluminium giants Rio Tinto & Alcoa post strong Q2 results, but warn of tariff-driven cost pressures
Aluminium remains a cornerstone of the global economy, with growing demand for the ‘green metal’ highlighting its critical role in a sustainable future. Despite periodic challenges and market disruptions, the industry’s momentum towards cleaner, low-carbon aluminium production is stronger than ever. The second quarter of 2025 showcased strong operational resilience from two of the world’s […]
Continue readingTop 10 recycling initiatives powering aluminium industry’s green shift
Aluminium doesn’t do goodbyes, it just keeps showing up. Melt it down, shape it up, and boom, it’s back again. Cans today, cars tomorrow and maybe skyscrapers next week! While other materials retire, aluminium just reinvents itself. Forget the old-school image of recycling as a chore. Aluminium recycling is a high-impact, low-effort solution to reducing […]
Continue readingTracing the history of US tariffs from 1789 till today
In the world of global trade, few tools stir as much debate as tariffs. Framed as shields for domestic industries or weapons in economic stand-offs, tariffs can reshape markets, tilt competitive landscapes, and leave lasting marks on entire value chains. So what is tariff? A tariff is essentially a tax that a government charges on […]
Continue readingUpstream weekly: India to hit back with $3.8B retaliatory tariffs on US goods amidst aluminium
The ongoing trade dynamics between the United States and India have taken a critical turn amid discussions over a Bilateral Trade Agreement (BTA). India has intensified its retaliatory measures in response to the US decision to increase import tariffs on aluminium and steel from 25 per cent to 50 per cent on June 3, 2025. […]
Continue readingUpstream weekly: India-UAE aluminium corridor grows stronger with CEPA at the core
The global aluminium industry is showing renewed strength as key developments across production, raw material supply, and international trade unfold. India and the UAE are advancing their aluminium and steel cooperation under the Comprehensive Economic Partnership Agreement (CEPA), laying the groundwork for greater trade, investment, and industrial collaboration between the two nations. At the same […]
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