China New Energy Vehicle Sales Fall Short of Forecast on Policy Change

Vedanta Group has invested more than ₹21,000 crore through FY2025-26 in ongoing projects to expand metal production and capacity across aluminium, zinc, value-added alloys, copper, steel, nickel and ferrochrome, as part of a broader push to strengthen India's domestic metals base for electric vehicle and critical minerals supply chains. Separately, as part of a critical minerals strategy under which Vedanta has secured 10 critical mineral blocks spanning copper, nickel-chromium-PGE, tungsten, graphite, vanadium, rare earth elements and potash, with exploration activities currently underway across five of the ten blocks, though the company did not specify which blocks are among those five. Vedanta did not disclose a ferrochrome-specific investment figure, production capacity, or plant location within the announcement, leaving the scale of its ferrochrome ambitions, relative to its far more detailed aluminium, zinc, copper and nickel plans, still to be clarified.

Southern Copper Corporation reported Q2FY2026 molybdenum production of 7,046 tonnes, down 11.0% YoY, with H1FY2026 output falling 6.7% to 14,562 tonnes. Production declined at all four molybdenum-producing mines, with Toquepala down 21.9%, Cuajone down 1.4%, Buenavista down 12.4% and La Caridad down 3.5%. The company attributed the declines primarily to lower ore grades.