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Mills cutting inventory amid declining finished product output

India’s mills are working to reduce their steel inventories as domestic production of finished steel fell for a third-straight month in August amid poor demand. Production in August amounted to 8.39 million mt...
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Persisting US-China trade tension weighs on light metal’s price

Since the past two months, aluminium has been range bound on the LME and MCX. In September 2019, LME and MCX Aluminium prices both dipped by around 1.8%...
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Weakness engulfs red metal amidst subdued industrial growth globally

The weakness in the manufacturing data across the major economies has resulted in keeping the copper market in the grip of bears. The trade war between China and the US is adding to the woes and its continuity...
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With improved production in China and other markets, lower prices expected for current year

Zinc witnessed a pause in the bearish price action which has been dragging prices lower since the beginning of second quarter of calendar year 2019.
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Stainless steel output in Oct likely to go up but economic aspects shall keep a lid...

Nickel prices traded on a weaker note in September and were unable to break the high made during the end of August-2019. Taking the supports of $16,790 per tonne,,,
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Medium-term market outlook looks positive

Industry body, International Tin Association (ITA) held its annual Asia Tin Week event in September, located this year in the city of Xi’an, China. Over 250 delegates gathered at the event to discuss the tin market as well...
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Gloomy global economic outlook, US-China trade spat to support the white metal market

The global silver market started the month of September on a positive note rallying to 3-year high in the first week of the month. It was a follow-through from previous month as the investors were on buying spree...
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Miners gear up for mine lease cancellation era post March 2020

The Federation of Indian Mineral Industries (FIMI) is holding its 53rd Annual General Meeting on the backdrop of the mining sector going through its ‘most sluggish growth’ in history.
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Cut in corporate taxes fail to cheer the mining sector

The government’s latest move to pare corporation taxes has failed to perk up the mining sector already burdened with a slew of levies like royalty, the goods...
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Relaxed FDI- need for demand visibility to lure capital flows

India Ratings and Research (Ind-Ra) believes that the relaxation in the foreign direct investment (FDI) norms announced by the Union Cabinet on 28th August 2019...
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‘Corporate tax rate cut will benefit OEMs’

NH Industrial NV is one of the global leaders in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the company...
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Mining industry in India set for a roller-coaster ride

The mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP...
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‘Employment in mining: A case of missed opportunities – prospects for future’

Mining is a labour intensive industry and has huge potential for employment generation and can play pivotal role in creating more avenues for job opportunities particularly in the hinterland and backward...
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Mining industry – the road ahead

India is the 3rd largest producer of coal. Coal production stood at 554.13 million tonne in FY17 and 365.6 million tonne in FY18 (up to November 2017). India has the 5th largest estimated coal reserves in the world, standing at 308.802 billion tonne...
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Challenges, opportunities galore in mining equipment sector

Catalyzed by stable economic growth across both developed and developing regions, increasing levels of disposable incomes and a rise in the middle-class population, there has been a strong growth...
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Strong demand growth for MCE industry during CY2018

The Indian Mining & Construction Equipment (MCE) industry is likely to see a moderation in demand growth which is expected to fall to 4-6% in the medium term, more particularly during CY2019.
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ICRA: Outlook on construction equipment sector revised to ‘negative’

Following a sharp correction in unit sales amidst slowing economic growth and infrastructure investments, both by the public and private sector; and tight liquidity environment, ICRA has revised the outlook...
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Slowing demand takes sheen off steel

India Ratings and Research (Ind-Ra) has revised its outlook on the steel sector to stable-to-negative from stable for the remainder of FY20 given sluggish steel demand growth expectations owing to mix of structural and cyclical concerns...
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H1 copper supply deficit hits 220,000 mt: ICSG

he global refined copper market ended the first half of 2019 with a supply deficit of about 220,000 mt, according to preliminary data the International Copper Study Group released recently.
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China may see shift towards pellets from lump as winter approaches

With the winter season approaching, market sources said recently that they expect an increase in end-user utilization of pellets over lump amid rising lump prices at ports and forecasts of increased pellet supply into China.
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Lithium market to remain oversupplied in the short run

The current lithium oversupply is likely to remain in the short run, although the market should shift to an undersupply situation at some point as demand....
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Metso boosts investments in India, eyes inorganic growth opportunities

Metso, one of the leading industrial companies offering equipment and services for the sustainable processing and flow of natural resources in the mining...
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Indian steel mills hope to invest in upcoming Saudi Arabian steel, iron ore projects

Indian steel manufacturers plan to strengthen their relationship with the Middle East market, especially Saudi Arabia, according to remarks made during the second day of the First International Saudi Iron and Steel...
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‘India, biggest potential thermal coal market for Australia’

India, the world’s third largest coal consumer, is one of the most appealing market for Australia’s thermal coal to meet its increasing energy requirements, according...
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‘India to surpass US as world’s second largest coal producer this year’

Coal production continues to increase in India and the country is likely to surpass the US as the world’s second largest coal producer this year, according to KPMG partner Niladri Bhattacharjee.
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Scrap suppliers watching strike against GM, but see no Oct market impact

The longer the strike against General Motors continues, the greater the impact on ferrous prime scrap supply, though weak demand from steel mills in the US...
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Australia slashes mining, energy exports revenue for 2019/20

Australia has scaled back its expectations for record exports revenue from mining and energy in the 2019/20 financial year as trade tariffs chill global economic growth, according to the government.
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Coal India’s pole position may be dented with 100% FDI in the sector

Coal India Limited (CIL) the state owned coal mining corporate came into being in November 1975. With a modest production of 79 mt at the year of its..
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ELGi Equipments launches energy efficient air-compressor models for mining operations

ELGi Equipments, one of the leading air-compressor manufacturers, recently unveiled its brand new trolley-mounted compressor model - the PG75E-12.5.
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Henkel offers a comprehensive portfolio for global metal coil industry

Henkel continues to support its customers in the global metal coil industry with an extensive range of process solutions for lubrication, pickling, cleaning...
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wire & Tube China 2020 - Asia’s flagship biennial exhibition for wire, cable, tube...

After a gap of two years, the 9th wire China will once again join hands with Tube China, to get ready to set off another new milestone!
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Despite overcapacity, ASEAN's scrap market to rise

Demand for scrap in Association of Southeast Asian Nations (ASEAN) is likely to rise in 2019-20 despite market concerns of overcapacity, as steel production and exports grew in 2018, led by Vietnam.
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Base metals rise on hopes of trade deal

Prices of copper on LME rose to the highest in more than two weeks on Friday last as the market awaited further news about U.S.-Sino trade talks amid optimism about a partial deal.
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Metallurgical coke demand falls globally on weak steel output

Slowdown in the steel industry globally and the start up of coke oven capacities in Southeast Asia has resulted in the decline in the global consumption of metallurgical coke, market sources said.
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India's limping economy threatens to undermine commodity markets

India's economy has shifted into lower gear since the country's general election, posting its slowest growth in six years for the April-June quarter and taking a toll on energy and commodity markets that were already...
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FY20 GDP growth revised further down to 6.1%; recovery seen in 2HFY20

India Ratings and Research (Ind-Ra) has revised its FY20 gross domestic product (GDP) growth down to 6.1% following Central Statistical Organisation (CSO)...
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India's Apr-Sep steel output slows to 1% on year against 9% in 2018

India's crude steel production over April-September rose to 54.59 million mt, up 1.3% year on year from 53.91 million mt, provisional data released by the Joint Plant...
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Jindal Steel and Power posts production rise of 16% in Q2 FY20

Steel major Jindal Steel and Power (JSPL) said it registered 16 per cent rise in production during second quarter (July to September) of the current financial year to 1.58 million tonne in domestic operations with sales...
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GFG Alliance moves to consolidate steel business, boost transparency

GFG Alliance, owner of the Liberty House steel and metals group, said recently it is planning to consolidate its steel businesses worldwide in "a more appropriate financial and legal structure" for an organization...
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IREDA, Shyam Steel get Sebi nod for IPO

The state-owned Indian Renewable Energy Development Agency (IREDA) and Kolkata-based firm Shyam Steel Industries have received markets regulator Sebi's approval to float initial public offerings.
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NMDC looking to tap debt market for funds

The state-owned miner National Mineral Development Corporation (NMDC) may tap the debt market to raise funds, NMDC notified the stock exchange on Monday last. The fund raise will depend approval of shareholders.
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Govt defers NMDC's steel plant sale

In a setback to the ambitious asset monetisation programme, the government is deferring the sale of NMDC's under-construction steel plant in Chhattisgarh. Based on NITI Aayog's recommendation, the government had approved the sale...
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India initiates review of stainless steel tariffs

India has started a sunset review of its anti-dumping duties on flat hot-rolled stainless steel products from China, Malaysia and South Korea, the Ministry of Commerce and Industry said late Thursday last.
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Japan Oct-Dec crude steel output seen to slip

Japan's output of crude steel in the October-December quarter is forecast to fall 0.1% from a year earlier as trade tensions and uncertainty over China's economy curb exports, the Ministry of Economy...
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Huntsman's Lighthall Facility receives 'Platinum' rating under LEED Certification

Huntsman, the global manufacturer and marketer of differentiated chemicals, was awarded the prestigious LEED Platinum certification by the Indian Green Building Council (IGBC) for its Lighthall...
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Yotta Infra appoints Bhavesh Adhia as Head of Alliance & Channel

Yotta Infrastructure, the Hiranandani Group's data center arm, has announced the appointment of Bhavesh Adhia as the Head of Alliance & Channels. In this role, Bhavesh will be responsible for leveraging strategic alliances...
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Metso launches new Nordtrack mobile crushing and screening product range

Metso expands its mobile crushing and screening solutions offering for the aggregates industry with an extensive new product portfolio. The new Metso Nordtrack range introduces 19 products...
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CleanMax Solar bags ZEE Business Award

CleanMax Solar, one of the leading sustainability partner supplying solar power to commercial and industrial (C&I) customers across India, Middle East North Africa (MENA) and South East Asia (SEA), won the ZEE Business SAP...
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HZL to spend Rs 14k cr in next 5 yrs to raise capacity

India's leading miner for zinc metal, Hindustan Zinc (HZL), has prepared an investment plan for $2 billion (Rs 14,000 crore) over the next five years, to raise annual capacity to 1.5 million tonne (mt) from the current 0.8 mt.
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Li-ion battery developers win Nobel Prize for chemistry

The Nobel Prize for chemistry has been awarded this year to three scientists for the development of lithium-ion batteries. The Royal Swedish Academy of Sciences on Wednesday last awarded...
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Advanced cathode for Al-ion batteries developed

Scientists from Europe announced a breakthrough in aluminium battery construction that they say will double their energy density while making their production significantly more environmentally friendly than...
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Khanij Bidesh may buy Co, Li mines overseas

The state run Khanij Bidesh India Ltd is scouting for acquiring cobalt and lithium mines in Australia and South America, with energy storage solutions like lithium-ion batteries holding the key to India's energy security.
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Chalco delays Boffa bauxite mine launch

Aluminium Corp of China (Chalco) has delayed the launch of its Boffa bauxite project in Guinea until at least the first quarter of 2020, a company official said. The construction on the project, expected to produce...
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Satellites to monitor Cu supply from space

The geospatial intelligence company Earth-i, in collaboration with Britain-based commodities broker Marex Spectron and the European Space Agency, will launch next week a satellites-based service...
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Trade tensions weigh on Cu, boost gold

The demand for industrial metals is likely to remain under pressure over the next couple of years, against the backdrop of ongoing trade tensions between the US and China, with gold prices well supported as a result...
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Dyson cancels $3 billion EV project

The UK-based technology firm Dyson said it is cancelling its $3 billion electric vehicle project, just as the major automakers ratchet up their own EV plans. The tech company's boss, James Dyson, said the project...
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BKT scores global agreement with Spanish Football League LaLiga

Balkrishna Industries Limited (BKT), India's leading manufacturer of off-highway tires has signed on as "Official Global Partner of LaLiga". BKT aims for performance without limits - just like sport.
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Govt identifies products for import curbs

The government has identified hundreds of products including electronics, toys, blankets and several daily-use items for possible "import substitution" by discouraging their shipments into the country.
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Slowdown more notable in India: IMF chief

The global economy is witnessing "synchronized slowdown", which will result in slower growth for 90 per cent of the world this year, and the effect is even "more pronounced" in some of the largest emerging market...
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RCEP talks: India for safeguard tools

Facing stiff resistance from key industries - including steel and dairy - against the RCEP trade deal, India is planning to employ an "auto-trigger" safeguard mechanism for imports from not just China...
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Possibility of trade deal with China: Trump

There is a great possibility of a trade deal with China, President Donald Trump has said, ahead of the Chinese Vice Premier Liu He's visit to the US for trade talks. The US and China will hold the next round of trade...
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India slips on global competitiveness index

India has moved down 10 places to rank 68th on an annual global competitiveness index, largely due to improvements witnessed by several other economies, while Singapore has replaced the US as the world's...
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Consumer sentiment falls to lowest in 6 yrs

Indians believe that the economic situation and the employment scenario in the country will further deteriorate in the days to come. The consumer sentiment declined further, and people...
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India, US close to a trade deal

Prospects of an early conclusion of the India-US trade deal have brightened with the two sides reducing their differences and agreeing to allow more goods to be shipped by both countries, besides cutting import duty...
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