Vedanta Seeks Removal of Nickel Sulphate Tariffs
Vedanta Seeks Removal of Nickel Sulphate Tariffs
Vedanta Seeks Removal of Nickel Sulphate Tariffs
News summary

Vedanta, a major Indian conglomerate, plans to increase its nickel and nickel sulphate production to meet the rising demand for EV battery materials in Northeast Asia. The company has urged the Indian government to negotiate the removal of import duties on nickel sulphate with Japan and South Korea, where demand is high, citing India's weaker domestic market. Vedanta transforms imported nickel ores into nickel sulphate, which is then exported primarily to these countries. The company's expansion aligns with India's broader goal to boost exports and support cleaner technologies. Despite government initiatives, India's EV market remains in its early stages, with EVs accounting for only 7% of vehicle sales last year.

Story Coverage
Bias Distribution
100% Center
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55
Center 100%
Coverage Details
Total News Sources
1
Left
0
Center
1
Right
0
Unrated
0
Last Updated
7 days ago
Bias Distribution
100% Center
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News