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Global demand downgraded, to drop 2.3% in 2022

Global steel demand will erode this year by 2.3% due to surging inflation and climbing interest rates, the World Steel Association (WSA) said, downgrading their forecast. The industry group revised its April forecast, which saw steel consumption....
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Negative macro sentiments are likely to cap the industrial metal prices

Despite showing a recovery in the past few weeks, the base metals pack succumbed to the negative sentiments and all the metals slipped into the negative territory. The light metal was no exception, as it was....
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Miners have a chance to emerge as leaders in a crucial shift

The demand for metals will be driven by the energy shift. Mining will be more necessary, not less, as the world oves toward net zero. Future low-emission energy systems like solar and wind energy, electric cars, and grid-scale...
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Prices under pressure on strong $, recession fears

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 markets are expected to be deicit in 2023

In the Month of Oct, Lead has witnessed a negative rally, and prices stuck in wider range of 175-185 on MCX. As per International Lead and Zinc study group it is expected that Global refined lead markets are likely
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The metal prices saw flat to positive trading trend in the previous month

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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Govt mulls phase 2 of specialty steel PLI scheme

The government is considering launching a second edition of the production-linked incentive (PLI) scheme for specialty steel, which will cover steel used in some defence equipment and automobiles.
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Steel Min view sought to appoint NMDC as canalising agency

The Directorate General of Foreign Trade (DGFT) has requested the Ministry of Steel's view on the designation of NMDC, the country's largest iron ore miner, as a canalising agency for the export of high grade...
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Tight supply to push Cu prices to record highs

Prices of copper rose last Friday, waiting for Chinese markets to reopen and provide clarity on how soon the demand for metals will lift after the country dismantled strict Covid-19 controls.
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Steel demand surges in 2023, prices to rise on high input costs

During 9M FY23 (April-December), the crude steel production and finished steel production had increased by 5% and 5.7%, respectively, on a y-o-y basis. Domestic consumption increased by 11.5% y-o-y to 86 million tonne...
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Union Budget FY24: Consolidating/strengthening layout of previous Budget is the Way Forward

India Ratings and Research (Ind-Ra) expects the union budget FY24 to focus on a mix of short and long-term agenda, and in agency's view they are - (i) making consumption demand resilient, (ii) boosting infrastructure...
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Plan of Action in place to hasten implementation of PM Gati Shakti project: Gadkari

The 10th meeting of the Group of Infrastructure Committee, which was held to discuss ongoing inter-ministerial concerns regarding the implementation of major infrastructure projects, was presided over by Road Transport...
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India's steel exports to major markets decline in April-December period

India's steel exports to all of its major foreign markets, including Vietnam, Italy, the United Arab Emirates, and Belgium, decreased by 40 to 60% between April and December, showing sustained recessionary pressure...
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Odisha govt forms panel to probe underreporting of high-grade iron ore

The Odisha government has ordered an investigation into cases of underreporting of high-grade iron ores and has created a committee led by director mines G Rajesh to look into the subject. Union coal and mines minister Pralhad Joshi...
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JSPL in talks for stake in Steel Exchange India

Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) is in talks for a possible strategic stake pick-up in Andhra Pradesh-based Steel Exchange India Ltd. Those aware said JSPL has put in a letter of intent expressing...
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Jindal Stainless profit falls 28% on lower exports

India's Jindal Stainless Ltd (JSL) reported a 28% drop in quarterly net profit Monday last, as steel exports continued to reel from the impact of a government levy that was withdrawn recently. Consolidated net profit...
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JSW Steel may buy 31% stake in startup Ayena

JSW Steel said its subsidiary, JSW Steel Coated Products, has entered into an agreement to acquire 31 per cent stake in startup Ayena Innovation in home furnishings and decor space for a cash consideration...
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Bharat Fritz Werner to expand manufacturing facility

Bharat Fritz Werner (BFW) one of the leading Indian advanced manufacturing technology solutions companies, announced its plan to scale up three-fold from its current annual capacity of 3000 machines to 10,000...
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'Green investment of $1 trl matches fossil fuels investment for 1st time'

For the first time, the world invested as much money into replacing fossil fuels as it spent on producing oil, gas and coal, according to an analysis from BloombergNEF. Global investments in the clean energy transition...
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Indian Railways surpasses its FY22 revenue in 9 months of FY23

With three months remaining in the current fiscal year, Indian Railways has already surpassed its total earnings of financial year 2021-22 (FY22), the railway ministry said Friday last. The national transporter has earned...
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Copper demand back again on growth track in FY22

Supported by strong policy reforms across sectors, the post-pandemic demand for copper is back on the growth track in FY22 registering a YoY growth of over 27.5 percent in India. The demand for red metal stood at 12.5 lakh tonne in FY22, compared to 9.78 lakh tonne...
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VAL ranks 2nd in S&P Dow Jones Sustainability Index

Vedanta Aluminium Ltd, (VAL) one of the largest producers of aluminium, moves into 2nd spot in the S&P Dow Jones Sustainability Index (DJSI) world rankings for the aluminium industry for assessment period FY 21-22.
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Vedanta's Al wire rod price rises Rs 2000/t

Vedanta Limited has added Rs 2,000 per tonne to its aluminium products and aluminium ingot prices on January 25. That brought the company's aluminium wire rod price to Rs 251,000-258,500 per tonne versus Rs 249,000-256,500...
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Glencore joins battery passport pilot

Global commodity trading major Glencore has now become part of the world's first battery passport proof of concept launched by the Global Battery Alliance. "We spearheaded the first pilot passport leveraging the ReSource platform in collaboration..
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Chile mine delays to slow Cu growth

Copper production in Chile, the world's largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago.
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Alcoa Q4 revenue down on lower Al prices

Aluminium major Alcoa Corporation released results for the last quarter and full year of 2022 last week. High raw materials and power costs and low alumina and aluminium prices hammered the company, but there were bright spots on the balance sheet.
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India Japan ties set to grow: Lodha

The Japan Festival celebrated at The World Trade Center Mumbai, during the Conference cum Exhibition organized by the Indo Japanese Association, Minister of Tourism, Skill Development & Entrepreneurship and Women...
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Mitsubishi Electric exhibits its technological advancements at IMTEX-2023

Mitsubishi Electric India participated in IMTEX- 2023, an event organized by Indian Machine Tool Manufacturers' Association (IMTMA) at Bangalore International Exhibition Centre (BIEC) from 19th January 2023 to 25th January 2023 in Bengaluru.
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'India-UK FTA can be clinched this year'

The India-UK free trade agreement (FTA) is expected to be clinched this year but it won't involve any boost of free movement visa offers for Indians, British trade minister in charge of the negotiations has said. Kemi Badenoch, who was in New Delhi...
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Biz confidence recovers from lows of 2019-20

Business confidence has recovered from the lows of the pre-pandemic (201920) and the following two pandemic years, though sentiments continued to soften sequentially in the three quarters of the current fiscal, economic think-tank NCAER said.
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UK economy on brink of recession

Britain's economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth.
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IMF cuts India's FY23 GDP to 6.8%

The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its forecast for India's gross domestic product (GDP) growth in financial year 2022-23 (FY23) by 60 basis points (bps) to 6.8 per cent
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India services exports to cross USD 300 bn

The country's services exports are doing "extremely well" and going by the current trend these outbound shipments would register about 20 per cent growth in this fiscal and cross the USD 300 billion target despite global economic...
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UN forecasts fall in global eco growth to 1.9%

The United Nations forecast on Wednesday last that global economic growth will fall significantly to 1.9 per cent this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently...
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'India 'bright spot' in world economy'

India is a "bright spot" in the world economy currently and is on a "strong footing", projected to grow at 6.7 per cent next year, a very high growth rate relative to other G20 member countries, a top UN economist said. These remarks were made...
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US economy shows signs of slowdown

The US economy grew faster than forecast into the end of 2022, but there were signs of slowing underlying demand as the steepest interest-rate hikes in decades threaten growth this year.Gross domestic product increased at a 2.9% annualized...
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