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Domestic output up over 6% y-o-y to 10 mt in June 2022

India's crude steel production rose over 6 per cent year-on-year to 10 million tonnes in June 2022, according World Steel Association. As per the World Steel Association (World Steel) data, India is the only country which...
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Rising inflation, central bank's policy, and a stronger dollar might be a drag on the white metal

Half of 2022 is over, where we have seen some wild swings in the metals sector. Aluminium, the light metal has declined by 8.14 percent (YTD as on 03rd August) on the MCX and 16.24 percent on the LME.
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Fear of recession leads copper market to significant meltdown

The barometer of the global economy witnessed a decisive tilt towards uncertainty and extended weakness as the fear of economic recession cripples the demand prospects leading to significant meltdown in global...
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Global market for the galvanizing metal in deficit during Jan-Apr 2022

The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand during the first four months of 2022. A brief summary is highlighted herewith.
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The battery metal prices slip amid the rise in US dollar

LME Lead prices slipped over 6%, recording a new 15-month low, amid the increase of US dollar caused by the hawkish remarks. Many refined lead smelters in Yunnan slightly reduced the production due to factors...
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US Central Bank’s decision to rein in inflation impacts the metal prices

Nickel prices traded low during the month of June shedding losses of approximately 19% at LME tracing the US Central Bank’s decision to stem inflation. LME prices traded at 5 months low during June.
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Significant demand will push prices to new highs

Tin prices have plummeted to their lowest levels in more than a year since the end of June, after falling more than 50% from their March highs. The tin contract traded on the London Metal Exchange (LME) fell 22%...
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Prices to remain negative in July over stronger dollar, bleak demand-driven growth

The white metal—silver—fell for the third consecutive month in June weighed by weakness in the base metals market as the dollar regained its strength against major currencies. Stronger dollar makes the dollar...
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High inflation stronger dollar push gold prices higher

Contrasting factors such as high inflationary pressure as against big rate hikes especially in U.S. kept gold prices trade range-bound almost through the month of June.
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India should enable zero-duty scrap imports to foster circular economy through recycling

Material Recycling Association of India (MRAI) is the top national association that represents India’s recycling industry, which recycles materials such as metals (ferrous and non-ferrous), plastic, paper, rubber...
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Vehicle scrappage policy a major boost for recycling

The new vehicle scrappage policy will a new identity to India in the mobility and the auto sector. This policy will play a major role in removing unfit vehicles from our roads in a scientific manner. It will modernise...
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Met Asia Group sees high growth trajectory for scrap business in India

Met Asia Group, headquartered in India, is one of the largest global firms engaged in scrap business - the agent/indentor has operations in several countries including India, Southeast Asia, the Middle East...
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Recycling alone can ease raw materials supply pressure but cannot meet demand

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....
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Demand for green metals from recycling expected to grow

As the ESG spotlight shifts onto the mining and metals sector, there is increased interest in recycling as a source of green metals, a recent report by White & Case states. According to the law firm, the ideas around the circular economy, where all aspects...
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Recycling is environment-friendly and saves precious metals from depletion

The global metal scrap industry is worth over $500 billion yet India’s share of this is a mere $11 billion or 2.2per cent of the industry. It is today the second largest producer of steel in the world having usurped...
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EAF switch moving slowly

The global transition from blast furnace/basic oxygen furnace (BOF) steelmaking to scrap-fed electric arc furnace (EAF) is progressing slowly, with China and India remaining heavily reliant on BOF technology, according...
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Role of industrial scrap metal recycling in a circular economy

Scrap metal recycling is important for both the environment and the economy. The growth in industrial scrap is a key component of its success. Most metals are infinitely recyclable—they can be recycled over and over....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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....
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Adani plans entry into steel sector

Adani Group is apparently contemplating a proposal for the state-owned Rashtriya Ispat Nigam, which is set to go up for auction in January 2023. After entering the cement market with the Adani-Holcim...
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Govt eyes more explorations for underground minerals

The government is aiming at more explorations for underground mineral deposits to augment the non-petroleum and iron ore sectors' contribution to GDP within a decade, Union Coal and Mines Minister Prahlad Joshi said.
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Base metals fall as increasing interest rates heighten demand fears

Copper prices fell to their lowest level in over two months on Friday last, owing to a strong dollar and concerns about recession-hit metals demand after more interest rate rises. Three-month copper on the London Metal Exchange (LME)...
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14% increase in European coal demand to be a short-term trend

Little opportunity for increased infrastructure and for metallurgical coal crossing over; coal on pace to be phased out by renewables within less than a decade European seaborne thermal coal demand is projected...
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CAD likely escalated to a 36-qtr high of 3.4% of GDP in 1QFY23

India Ratings and Research (Ind-Ra) expects the current account deficit (CAD) to have widened to USD28.4 billion (3.4% of GDP) in 1QFY23, as against a deficit of USD13.4 billion (1.5% of GDP) in 4QFY22...
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Momentum building in global hydrogen sector: IEA

The International Energy Agency (IEA) sees momentum building in the electrolyzer sector with manufacturing capacity ramping up globally, but has called for greater policy support to get hydrogen projects...
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IBM to launch individual portal for Mines Min

In accordance with the PM Gati Shakti National Master Plan, the Ministry of Mines delegated responsibility for the development of individual portals to the Indian Bureau of Mines (IBM) via BISAG-N.
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NMDC targets to achieve 46 mt of iron ore production output in FY23

The state-owned miner NMDC Ltd targets to achieve 46 million tonnes of Iron ore production in the current fiscal, 10 per cent higher than that of last year, Chairman and Managing Director, Sumit Deb said.
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Vedanta- IIT-B in MoU for R&D to develop technology for 'Green Steel'

Vedanta-Iron and Steel Business has recently partnered with IIT Bombay (IIT-B) on an R&D project to develop cost-effective technology for producing Green Steel using hydrogen targeting significant carbon footprint...
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Jindal Stainless Ltd takes steps to partner EY India to solidify ESG goals

Jindal Stainless, one of the leading stainless steel manufacturers, is taking deliberate initiatives to achieve its broad Environmental, Social and Governance (ESG) goals. As a responsible corporate that is committed...
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SAIL to make rails for metro, freight corridors

State-owned steel maker SAIL will produce some quantity of special rails used in high-speed freight corridors and metro rail projects this year, according to a company official. SAIL has set up a facility for the production...
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JSL may set up green hydrogen plant

Jindal Stainless Limited (JSL) has collaborated with Hygenco India Private Limited to set up a green hydrogen plant. This plant will enable JSL to reduce its carbon emissions by nearly 2,700 MT...
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Primary steel mills hike rebar, wire rod prices

Primary steel mills in India are looking to hike rebar or reinforced steel bar and wire rod prices by around Rs.1,000–1,500 per tonne, up by 3–5 per cent, over a month-on-month basis. This is the first time, primary mills in the country...
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Renewable sector has potential to employ 10 lakh individuals by 2030

The country's renewable energy sector has potential to employ 10 lakh individuals by 2030, IREDA Chairman & Managing Director Pradip Kumar Das said. "India's Renewable Energy (RE) sector could potentially employ around 10 lakh people...
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Researchers develop tech to generate green hydrogen from biomass

A team of researchers at the Indian Institute of Science (IISc) in Bengaluru has developed a technology to produce hydrogen from biomass. India uses nearly 50 lakh tonnes of hydrogen for various processes in different sectors, and the hydrogen...
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Linde opens its first Women Operated Packaged Gas Plant

Linde India Limited, one of the leading industrial gases manufacturers, inaugurated its first-ever women-operated Packaged Gas Plant (PGP) in Trichy on 6th July 2022. Present at the launch were Mr. John Panikar, Executive...
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INOX Air Products commissions oxygen plant at ArcelorMittal’s Hazira unit

INOX Air Products (INOXAP), India’s largest manufacturer of industrial and medical gases has announced that it has completed the commissioning of its 5th Air Separation Unit (ASU) at the Hazira Unit...
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CASE India inaugurates Skill Development Center in Pithampur

CASE Construction Equipment, a brand of CNH Industrial, inaugurated Skill Development Center to provide a good understanding and training on Loader Backhoe operation. The initiative contributes to the Central Government’s...
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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...
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Goldman expects extreme Cu supply crunch

Nick Snowdon, a metals strategist at Goldman Sachs, recently stated that predictions on copper supply issues in the long term were potentially right and would probably cause the metal’s price to reach $15,000 per ton.
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IAI appoints Satish Pai as new board chair

The International Aluminium Institute (IAI), the only body representing the global primary aluminium industry, has announced the appointment of Satish Pai as its new Chair. Mr Pai is the Managing Director of Hindalco...
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VAL’s smelter reduces GHG emissions

Vedanta Aluminium (VAL), one of the largest producers of aluminium, announced its largest aluminium smelter has substantially reduced its GHG or greenhouse gas emissions intensity (carbon footprint) by around 12%...
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Cu conc supplies hit by regulations in China

Strict COVID-19-related control measures imposed at a key land entry points in China's Inner Mongolia region is expected to pressure the country's copper concentrates supply in the near term, industry sources said June 8...
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Odisha okays 12 ind’l projects of Rs 2,082 cr

The government of Odisha approved 12 industrial projects worth Rs 2,082 crore, which are expected to generate employment opportunities for over 3,600 people in the state. The projects were cleared during a meeting of the State-Level Single Window Clearance Authority...
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Vedanta pledges 5.77% stake in HZL

Vedanta Ltd said it has pledged 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore. The announcement comes days after the Cabinet Committee on Economic Affairs (CCEA) approved the...
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Chinese traders under probe for Al fraud

The state-backed Securities Times said that an investigation into the fraudulent use of aluminium stocks to generate funding in China has expanded to three Shanghai-based...
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SMS group to showcase new plant concepts, digital innovations at wire & Tube 2022

From June 20 to 24, 2022, SMS group will be showcasing its products and services at the Tube & wire trade fair in Düsseldorf, hall 7, booth B04. With an exhibition area of 400 m2, SMS will be presenting its latest...
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