The main challenge for iron ore is that we continue to expect China’s construction demand to decline as the Chinese property sector is still overbuilt. So, a very differentiated outlook here across the industrial metals with a preference for aluminium and copper.
Vedanta Aluminium at earnings inflection point? Here’s why Motilal Oswal sees 21% upside
Motilal Oswal has reiterated its Buy rating on Vedanta Aluminium Metal with a target price of Rs 540, implying 21% upside. The brokerage expects EBITDA