Top News



Prices feel the heat of Ukraine war

Steel prices have surged sharply amid the ongoing war in Europe – Russia and Ukraine annually export 37 MT of steel which is 8-9% of global net trade. Steel prices are expected to rise further – as the hikes...
Read More

Prices rise sharply on Russia-Ukraine war concerns

Global aluminium prices witnessed a sharp increase of 18 percent in March 2022 till date compared to end-January 2022, fuelled by rising geo-political risks amid the ongoing Russia-Ukraine war.
Read More

Rising energy prices widens risks for demand expansion

The continuing conflict between Russia and Ukraine for over 40 days has posed the biggest ever challenge for the global economy, as the world markets were trying to bounce back to normalcy after almost a two year...
Read More

Prices may rule at multi-year highs in 2022

After having hit a three-year high in June this year, zinc prices will likely rule firm for the remaining part of the year following demand-supply mismatch. Rating agency Fitch Solutions Country Risk and Industry Research (FSCRIR),
Read More

Tight supply, rising costs will support upward trend of prices

Lead is now seen as silent metal in all base metals as we have witnessed again a range-bound activity; however market also witnessed a few meaningful influences and the LME price broadly tracking...
Read More

Soldering metal’s demand capped by new wave of COVID-19 in China

Tin prices have continued to diverge between the LME and SHFE during March 2022. While weak spot demand for metal outside of Asia has seen the London benchmark price fall, the tight Chinese market has pushed....
Read More

Showcases rising trend over Ukraine-Russia conflict

The global silver market had showcased a bumpy ride in March with prices surging to a 9-month high in the first week taking cues from the stronger gold as well as a rally in the base metals market. In the first week...
Read More

FY23 retail jewellery outlook: Strong growth in FY22, growth moderation likely

While geo-political tensions over Ukraine and wavering strength in US dollar and bond yields helped a steady gold price rise through the month; signals of U.S Fed rate hike as early in March pushed gold prices...
Read More

Ferro alloys industry witness highest upward movement in prices

The prices for all ferro-alloys maintained upward momentum since January 2022, solidifying previous gains and reflecting the continued improvement in demand from steelmakers, rebuilding of depleted inventories...
Read More

Ferro alloys industry future rests on the rising demand for steel

Steel is the most versatile material, which has made the progress in every aspect possible. There are hundreds of varieties of steel because for each application it has to be made with specific properties to get the most...
Read More

Global ferroalloys market size valued at $42.7 bn in 2020

The global ferroalloys market size was valued at $42.7 bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028, as per Grand View Research report.
Read More

Global ferrosilicon market to reach $10.8 bn by 2026

Ferrosilicon is an alloy of silicon, iron, coke, and coal. It is primarily used in cast iron and steel applications owing to its superior properties such as hardness, high strength, and resistance to high temperatures...
Read More

Growing transportation, B&C sector to boost ferro vanadium market

The "Iron and Steel Mills and Ferroalloy Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. As per the report, the global iron and steel mills and ferroalloy market....
Read More

Growth in India’s infra sector to drive refractories market

The Indian refractory market - a key raw material for the production of steel, cement and glass - has seen a sharp fall in demand in line with the near absence of construction activity and thus consumption of these end products due to the lockdown since March 2020.
Read More

Global refractories market to reach $30.2 bn by 2026

A new market study published by Global Industry Analysts Inc., (GIA) one of the leading market research companies, released its report titled "Refractories - Global Market Trajectory & Analytics". The report presents fresh perspectives..
Read More

Stainless steel critical for Ethanol blended motor fuel in India

The Government of India has announced the National Policy on Biofuels, under which ethanol blending of petrol has already reached 10%, and is planned to go up to 20% by 2025. Blending locally produced ethanol with petrol will help India...
Read More

Domestic base metal cos to benefit from buoyant metal prices; outlook remains positive

Post a sharp improvement in FY2022, the credit profile of the domestic non-ferrous metal players is expected to remain healthy in FY2023 driven by supportive base metal prices. The buoyancy in metal prices is expected to outweigh...
Read More

Metals and mined commodity price spikes could signal long-lasting changes

The combination of factors including the Russia-Ukraine conflict, stimulated economies, thriving post-pandemic demand, and ongoing Covid constraints on logistics have put supply chains under immense stress, triggering...
Read More

Global aluminium demand to reach new highs after Covid-19

A new report has revealed that global aluminium demand will increase by almost 40 per cent by 2030 and that the aluminium sector will need to produce an additional 33.3 Mt to meet demand growth in all industrial sectors – from 86.2 Mt...
Read More

Global lithium-ion battery capacity to rise five-fold by 2030

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The Asia Pacific region, led by China, accounted...
Read More

ABB predicts key trends that will change robotic automation in 2022

With demand for robots growing as companies in multiple sectors look for new ways to enhance their productivity and competitiveness post-pandemic, ABB has compiled a set of growth predictions, looking at key trends driving...
Read More

German companies looking at increasing their position in India

Rajesh Nath, Managing Director of VDMA India, the local arm of the German Machinery and Plant Manufacturers Association (VDMA), which acts as a bridge-head between India and Germany and shares expertise...
Read More

Miners need to create a digitally-enabled environment

Mining industry is known worldwide for its highly risky and hazardous working environment, with miners often putting their lives at risk to bring precious elements to the surface. Technology has transformed many industries across the world and changed the way...
Read More

Metal prices expected to average higher in 2021 amid recovery from Covid-19

Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment...
Read More

How COVID-19 is changing the aluminium industry

With the COVID-19 outbreak having swept across the world, industries of all kinds are beginning to be affected. The aluminium industry is no different, and with some of the outbreak’s impact having become clearer....
Read More

Steel sector witnesses a V-shaped recovery as prices reach multi-year highs

Domestic steel industry is witnessing a turnaround in fortunes in the current year on the back of a healthy recovery in domestic demand and favourable steel prices in both domestic and international markets. FY2020 ended on a sour....
Read More

FY23 Base Metals Outlook: Exports to aid capacity utilisation

India Ratings and Research (Ind-Ra) has maintained a neutral outlook on the base metals sector for FY23. The agency expects highly volatile raw material prices and increasing metal prices...
Read More

‘Enough Ni, Li for 14 mn EVs in 2023’

Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more raw materials to shift away from oil faster, campaign group Transport...
Read More

Base metals fall on Covid restrictions in China

Major base metals declined over the past couple of weeks over the Chinese lockdowns to curb the spread of Covid pandemic. This is because demand from the world’s largest consumer of metals has...
Read More

‘Overlooked' vanadium may gain energy storage market from pricey lithium-ion

Vanadium has been overlooked in the current mineral commodities cycle, and stands to gain market share as lithium risks pricing itself out as a battery material for the energy grid storage market, the Mines...
Read More

RBI’s pre-emptive tightening measures

In a surprise move, the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) raised policy rates by 40 basis points (bps) mid last week, ahead of its scheduled meeting in June. The repo rate now stands at 4.40%, the standing...
Read More

Govt directs states to expedite coal

India's power ministry has asked states to place orders for importing coal so that the fuel could reach power plants from this month, as increasing coal shortage has led to an electricity crisis in various parts of the country.
Read More

Govt recommends importing coal for blending

The government of India has suggested importing of coal for blending up to 10 per cent to ensure adequate stocks for uninterrupted electricity supply over the next few weeks when power demand is expected to rise further.
Read More

Steel demand poised to grow at 7-8% in FY2023: ICRA

Domestic steel industry earnings over the next 12 months, year ended FY2023, are expected to remain healthy, despite input cost pressures leading to some moderation in earnings over the high watermark of FY2022.
Read More

Domestic SS demand expected to reach 20 MT by FY47

Domestic stainless steel demand is expected to reach 20 million tonne (MT) by fiscal year 2047, according to a report. In 2021-22, the country's demand for stainless steel was 3.7-3.9 MT, as per the 'Stainless Steel...
Read More

Asian steel, scrap prices seen firm in Q2 on war-led woes

Prices in Asia's hot-rolled coil, rebar and ferrous scrap markets are likely to remain strong in the second quarter, after surging in Q1, as supply chains are gradually restored and markets continue to price...
Read More

Tata Steel buys SAIL stake in S&T Mining

Tata Steel completed the acquisition of entire stake held by SAIL (Steel Authority of India) in S&T Mining, according to an exchange filing. Now, S&T Mining will become a wholly owned subsidiary of the Company.
Read More

Greenko, John Cockerill to set up green units

Three months after teaming up, Greenko Group and Belgium’s John Cockerill has finalised the terms of a 50:50 joint venture to set up a two akaline electrolyzer factories of a gigawatt each in India over the next 12...
Read More

Steel PLI scheme gets 27 registrations

The government’s Production Linked Incentive (PLI) scheme for speciality steel has received a total of 27 registrations and three applications ahead of the April 30 deadline, a senior government official said.
Read More

Sandvik introduces 3D printed components in cemented carbide

With 160 years of leading materials expertise and the widest range of metal powders on the market, Sandvik has been working with cemented carbide since 1932. Today, Sandvik is a world leader in hard materials,
Read More

Updated guidelines by IAI propose sustainable transformation of bauxite residue

Bauxite Residue Management Best Practice, previously published in 2015, in its latest script released by the International Aluminium Institute, has specified updated guidelines for the sustainable transformation...
Read More

CIL’s capex grows 12% to Rs 14,834 cr in FY22

State-owned CIL Tuesday last said its capital expenditure registered a growth of 12 per cent to Rs 14,834 crore in FY'22. Coal India's capital expenditure was at Rs 13,284 crore in FY'21. Stating that the capex growth in FY'22 came...
Read More

Integrated metals companies’ earnings to remain less vulnerable

India Ratings and Research (Ind-Ra) expects the Russian-Ukraine led geo-political tensions to impact metal and mining companies’ cash flow from operations substantially in FY23, if the spreads (metal price...
Read More

Alumina faces an uncertain Q2 as Russia-Ukraine war persists

The global alumina market is set to be in a state of flux and uncertainty in the second quarter of this year as ripples from the Russia-Ukraine war and a confluence of inter-connected factors could tip supply...
Read More

China Mar Cu imports down 8.8% y/y

China's copper imports in March fell for a third consecutive month, slipping 8.8% from the same period a year earlier, data from the General Administration of Customs showed on Wednesday last, as the pandemic...
Read More

Mongolian exports of coal, Cu to China up

Mongolia is ramping up its efforts to supply raw material like coking coal and copper to China in 2022 after a lackluster trade in 2021, as it expands its mining sector and boosts its transport network...
Read More

China’s alumina production rises in Mar

During March 2022, China produced 6.548 million tonne of alumina, including 6.342 million tonne of metallurgical-grade alumina. That was a hike of 15.94 per cent from 5.47 million tonne of metallurgical-grade...
Read More

Vedanta cuts aluminium ingot price

Vedanta Limited slashed its aluminium ingot and aluminium products prices, with effect from April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot...
Read More

Athens to host ICSOBA’s 40th International Conference & Exhibition

ICSOBA is pleased to announce the 40th International Conference and Exhibition from October 10 to 14, 2022. The ICSOBA 2022 Conference is scheduled to take place in Athens, Greece with Mytilineos as the host sponsor.
Read More

OPEC cuts 2022 world oil demand forecast due to Ukraine conflict

OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron Coronavirus variant in China.
Read More

WTO slashes world trade growth to 3%

The Russia-Ukraine conflict could substantially weigh down global trade growth to 3% in 2022 from 4.7% projected in October 2021, the World Trade Organization (WTO) said late Tuesday last. Trade growth could rise to 3.4%...
Read More

Factory output rises 1.7% in Feb

The factory output rose 1.7 per cent in February, mainly on account of rise in the mining sector and power generation. According to the government data released on Tuesday, the manufacturing sector recorded a growth...
Read More

India's forex reserves increase $1.9 bn to $642 bn

India's forex reserves have increased by USD 1.919 billion to USD642.019 billion for the week ended October 29 on a healthy increasein the currency assets and value of gold, the Reserve Bank said on Friday.
Read More

New climate target poses risks to renewable growth

Fitch Solutions said the new climate targets announced at the COP26summit by Prime minister Narendra Modi pose an upside risk to itsoutlook for renewable growth in the country. With the new targets, it expected to see...
Read More