Planes, iPhones, soda cans, electric cars and appliances, aluminium is key to modern life and the global economy. It is trading at a three-year high, near $2,900 per metric ton.
Russian metal is largely still flowing around the world. Many traders and fabricators who buy from them are tied in to pre-existing purchase deals that can extend over years.
Kumar Mangalam Birla’s Hindalco will kick off long-term downstream investment plan by setting up 34,000-ton aluminum extrusion project. Production is expected to start in 2 years.
A circular economy can reduce emissions from production of key materials by 40 per cent. Aluminium, an infinitely recyclable material, can help in this transition.
Sometimes, we end up embroidering the truth as we overthink and overanalyse a fastidious lady’s personal wardrobe preferences for significant occasions.
Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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