Prices likely to rise in Sept on China stimulus measures
Steel Authority of India Ltd (SAIL), the nation’s largest steel-making CPSE, foresees a favorable turn in its financial performance from September onward, driven by an uptick in average selling prices.
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Prices tread challenging economic path on uncertainties in China, high inventories
Despite a brief moment of hope in the base metals sector, the upcoming month didn’t unfold as expected. In the first half of the month, metal prices declined, with LME Aluminium dropping by nearly 5 percent...
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Weak China property market, demand concerns weigh on the red metal prices
Copper prices faced a downturn on September 4th, driven by worries about demand in China, a key consumer of copper, and the increase in stockpiles within London Metal Exchange-registered warehouses.
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Prices up on supply tightness, China’s stimulus measures
Data from the International Lead and Zinc Study Group (ILZSG) indicated that the global zinc market surplus increased to 76,000 metric tonne in June, up from 67,000 tonne the previous month. During the first half ...
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Sudden short squeeze in Shanghai shakes up market for battery material
Lead, the quiet achiever in the world of metals, has pulled off an unexpected feat lately, turning heads in the market. On September 4th, the Shanghai Futures Exchange (ShFE) witnessed lead prices shooting up...
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Underperforms on weak Chinese demand, surplus supply
Nickel has struggled as the LME’s worst-performing metal this year, with prices down over 30% year-to-date. The primary driver of this price decline has been the lackluster recovery in Chinese demand, causing nickel prices...
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Prices expected to rise on imminent supply shortage
Tin, despite experiencing a significant drop of more than 12.5 percent from its six-month high in July-end, is poised to make a gradual ascent in the coming months due to an impending supply shortage, as opined...
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The white metal outlook hinges on Fed’s Sept meeting on rate hike
The white metal—silver—had witnessed a roller coaster ride in the month of August, oscillating with both the gold and base metals markets. In the first fortnight, the silver market was under pressure in line with gold...
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The yellow metal prices ease on firming of U.S. dollar and uptick in bond yields
MCX Gold prices trod a range-bound movement in the month of August largely swayed by mixed U.S. economic data releases. MCX Gold active futures contract started the month of August at Rs. 59,388 per 10 grams...
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Copper to witness huge demand in future, especially from rural applications: Joint Secretary, DPIIT
Copper is an integral part of human civilization and is going to witness huge demand in future, especially from rural applications. He further emphasised on the domestic value addition for the copper products.
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Steel ind seeks measures against Chinese imports
In July, India experienced a shift to becoming a net steel importer, primarily driven by reduced exports and persistent pressure from competitively priced Chinese offerings. In light of this, domestic steel mills...
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Future demand for Cu will grow over rise in power generation and transition to EV
Copper is an important non-ferrous base metal having wide industrial applications. Today it has become the 3rd most used industrial metal after steel and aluminium in terms of quantities consumed. As compared with the global markets, India has limited copper ore reserves...
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Global Cu smelting remains flat in August
Global copper smelting activity was largely flat in August, with a rebound in top refined producer China offset by weak readings elsewhere, data from satellite surveillance of metal processing plants showed.
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Secondary route of Cu production is key to conserving depleting primary ore source
Recycled copper scrap (secondary copper) contributes significantly to supply, and plays a behind-the-scenes role in balancing the copper market. “Copper’s recycling value is so great that premium-grade scrap normally has at least 95...
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Copper Market Dynamics: H1 2023 data unveils production surges and global challenges
Steel prices have been on a declining trend at the start of FY2024, as falling Chinese export offers pulled down domestic hot rolled coil (HRC) prices by 3.8% in the current quarter so far. Domestic rebar prices also witnessed...
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ICSG forecasts 2023-24 trends in Cu production, demand
The International Copper Study Group (ICSG) industry advisors from most of the world’s leading copper producing and using countries participated to discuss key issues affecting the global copper market. In the meeting of the Statistical...
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Aurubis and SMS group forge ahead with the first multimetal recycling plant in the US
Bundling know-how, fully exploiting synergies, and entering a new market: Multimetal producer and copper recycler Aurubis AG and Düsseldorf-based plant and machine manufacturer SMS group GmbH are expediting the development....
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Efficient mining with smart lubrication choices
Opening up of Indian economy to global markets in Mineral industry has set new levels of mineral targets to be scaled by the Indian Mining and Mineral industries. India has a lot of high-quality iron ores. Magnetite is the purest iron ore, with a heavy...
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Hindustan Copper well poised on a high growth trajectory
Hindustan Copper Limited (HCL) is a vertically integrated, multi-Unit, Central Public Sector Enterprise in the field of Copper Mining & Production with net turnover of Rs.1812 Crores in Financial Year 2021-22. Its activities include...
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India’s Al consumption to grow by 9% in FY2024, despite global headwinds
In a recent note on the Indian primary aluminium industry, ICRA has estimated the domestic aluminium demand growth to remain healthy at 9% in the next two fiscals, given the Government’s thrust on infrastructure development.
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India aims to nearly double coal production by FY30 with innovative strategies
India’s coal ministry has revealed an ambitious plan to nearly double the country’s coal production by fiscal 2030, targeting a compound annual growth rate (CAGR) of approximately 7.7%. In FY23, key coal-producing states...
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How re-skilling of coal mine workers will play a crucial role in India’s transition to renewable energy
India is consistently working at a global level to reduce emission intensity to attain the net-zero target for 2070. While India’s power sector is one of the most diversified ones in the world, thermal power generation by coal...
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Replacement demand to drive tyre volume up 6-8% this fiscal
Production volume of Indian tyre makers is set to rise 6-8% on-year to a new high of 2.7 million tonne in fiscal 2024, driven mainly by higher replacement demand, and steady demand from commercial vehicles (CVs)...
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Outlook for petrochemicals & basic chemicals sector revised to ‘Negative’
Steel is one of the core pillars of today’s society and, as one of the most important engineering and construction materials, it is present in many aspects of our lives. However, the industry now needs to cope with pressure to reduce its carbon...
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Africa – mining by the numbers, 2022
Currency volatility, policy revisions, agreement cancellation and deteriorating infrastructures are some of the risks facing investors in Africa. But investor interest is getting stronger with the green energy transition at full steam and turmoil..
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ERW steel pipe makers set for 10-12% revenue growth this fiscal
Revenue of electric resistance welded (ERW) steel pipes manufacturers will grow 10-12% this fiscal, owing to strong demand from the infrastructure, real estate, irrigation, and water supply and sanitation (WSS) sectors.
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Ametek India opens new facility to provide support across industries
AMETEK India Opens New Facility in Bengaluru, India (06 December 2022) – AMETEK India, a subsidiary of AMETEK Inc., is pleased to announce the inauguration of a new, state-of-the-art facility in Bengaluru that will...
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IMTMA honours their founding father Sir Dhanjishah Bomanji Cooper at IMTEX 2023
Indian Machine Tool Manufacturers' Association (IMTMA) which is the apex industry body for the machine tool sector in India hosted the 20th edition of IMTEX. IMTEX is South and Southeast Asia’s largest exhibition...
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Delhi to host Global Zinc Summit 2023
India’s leading zinc conference would bring top national and international industry experts to talk about the latest trends and opportunities for a number of global zinc applications. It will be held at Le Méridien New Delhi, India...
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Volvo and Eicher showcase future-ready mobility solutions aligned with vision of Smart Sustainability
VE Commercial Vehicles (A Volvo Group and Eicher Motors Joint Venture) unveiled a range of future ready mobility solutions from the Eicher and Volvo brands at Auto Expo 2023. Aligned with the Government’s vision...
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Kazakhstan, AIAI & WTC Mumbai to jointly promote bilateral trade
“Kazakhstan is going to organize a mega exhibition in the month of March 2023 to promote Indian products in the 11-country CIS region. The exhibition will promote Indian products across pharmaceuticals, engineering...
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‘Green hydrogen vital for decarbonizing India’s steel sector’
A report by Deloitte-FICCI titled "India Steel 2023 Amrit Kaal journey: Facilitating the Indian growth story" underscores the critical role of green hydrogen in addressing the decarbonization challenges faced...
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‘Global green hydrogen capacity to reach 21 mtpa by 2030’
The Confederation of Indian Industry (CII) and EY have released a report indicating that global green hydrogen production capacity is set to soar to 21 million metric tonne per annum (MTPA) by 2030...
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Analysts expect uranium rally to continue on resurgent nuclear power
Analysts anticipate that uranium prices will continue their robust rally, surging over 50% by the end of the year, driven by mounting concerns about climate change and an increasing global shift toward cleaner energy...
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Metals prices rebound after Fed's hawkish message on interest rates
Metals prices have rebounded after a slump following the U.S. Federal Reserve's hawkish message on interest rates. On Friday, copper prices rose by 0.5% to $8,265 per metric tonne on the LME. Aluminium added 0.6%...
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EU Carbon Border Adjustment Mechanism to pen new rules of global trade
The Carbon Border Adjustment Mechanism (CBAM), a policy that will require producers of goods imported into the European Union (EU) to pay an emissions levy, should fast-track decarbonisation efforts, but also result...
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Rajasthan govt approves green hydrogen policy
Rajasthan Chief Minister Ashok Gehlot has given his stamp of approval to the comprehensive 'Rajasthan Green Hydrogen Policy-2023,' signaling the state's commitment to clean energy production, future energy...
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Power Min seeks clarity on Bengal's green hydrogen policy
Union Power Minister R.K. Singh highlighted the growing significance of green hydrogen as a viable energy alternative and suggested that the West Bengal government should consider formulating a comprehensive...
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Govt working on developing electric highways
The government is actively working on the development of electric highways due to their economic viability, according to Union Road Transport and Highways Minister Nitin Gadkari. Gadkari has previously expressed his dream...
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Report anticipates green hydrogen adoption in Indian steelmaking by 2050
India's plan to decarbonize its steel industry will take longer than anticipated, with green hydrogen becoming the primary fuel for steel making in the country only by 2050, a report by two research institutes said.
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Steel prices to stay stable in FY24: Crisil
Domestic steel prices are expected to remain stable in the coming months of the current fiscal, backed by strong demand, rising coking coal prices and production-related dynamics in China, amid a slowdown in the global economy,
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JSL steel park to lure huge MSME investments
The stainless steel park being set up by Jindal Stainless (JSL) in Odisha is expected to attract investments of Rs 10,000 crore from small scale industries over the next five years. Further, the industrial park, which is expected...
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Tata Steel's downstream mfg facility in UP
Tata Steel inaugurated an automated construction service center in Ghaziabad, Uttar Pradesh, aiming to manufacture reinforced products and offer tailored solutions to the construction industry. This facility, the company's second...
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EPIQ Machinery is further extending its presence in India
EPIQ Machinery Chief Executive Officer, Éloïse Harvey, Bhushan Bachhav, Operation Manager, ADF Engineering and Nilesh Shelke, Vice-President, Stymer Technologies announced the recent transaction confirming the acquisition...
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Service is the new growth engine for industrial manufacturers: KPMG report
The industrial manufacturing sector is navigating through a pivotal phase and will continue to experience disruption in the near future owing to unfamiliar business environment shaped by advances in disruptive technology, economic...
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ELGi intros smart monitoring and alert system for compressed air systems
Air~Alert also notifies customers and ELGi channel partners about scheduled maintenance and fault occurrences while predicting commonly occurring failures. Monthly summary reports on overall health and operating..
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IAI study reveals environmental benefits of increased global aluminium can recycling
A new study on recycling of aluminium cans has identified that 60 million tonne of CO2 per annum could be saved through effective global recycling of used beverage cans by 2030. The study was commissioned by the International Aluminium Institute...
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S&P warns Vedanta Re of credit downgrade
Siemens Energy, a recognized manufacturer of gas turbines and other energy technologies, has chosen an eco-friendly vacuum furnace from SECO/WARWICK with high-pressure gas hardening (6 bar abs.) and high vacuum...
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Griffith named Vedanta CEO for Base Metals
Vedanta Resources has named Chris Griffith as the Chief Executive Officer for Base Metals and President of International Businesses. His appointment takes effect on October 2, 2023, according to the global metal and mining company.
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India's Al sector shines amid infra development
Amidst a global economic landscape that is mostly stagnant or pessimistic, the aluminium sector in India shines, driven by infrastructure development and increasing demand, according to Nilesh Koul, an executive at Hindalco Industries Ltd.
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Peru holds no. 2 copper spot, investment lags
Peru remains the world's second-largest copper producer, narrowly edging out the Democratic Republic of Congo (DRC), despite a boost in mining activity. In the first half of 2023, Peru saw a 20% increase in copper output
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China's August copper imports decline
China's copper imports experienced a 5% decline in August compared to the previous year, as per the country's customs data. This decline reflects ongoing demand weakness due to a struggling economy...
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Global Cu smelting activity steady in Aug
In August, global copper smelting activity remained relatively stable, with a resurgence in China, the leading refined copper producer, compensating for sluggish performance in other regions. This data comes from satellite...
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Govt tightens norms for sale of Al, Cu, & Ni
Starting December 2023, India will impose restrictions on the sale of lower-quality aluminium, copper, and nickel. The Ministry of Mines has introduced Quality Control (QC) orders to regulate these metals' sale, obliging...
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IAI strengthens collaboration with ICSOBA as conference partner for technical papers
The International Aluminium Institute (IAI), the only body representing the global primary aluminium industry, has announced a collaboration to promote technical development with the International Committee...
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India boosts coal use to counter unprecedented power shortages
In response to unprecedented dry weather conditions causing power shortages, India has ramped up its utilization of coal for electricity generation. This move aims to counteract the reduced output from hydroelectric...
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China exports dip slower than expected in Aug
China's exports declined at a slower pace in August, even as the world's second-biggest economy remains under pressure from weaker demand both domestically and abroad. Exports for August slumped 8.8 per cent...
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Will only agree India FTA that suit UK: Sunak
The free trade agreement (FTA) talks with India are "progressing" and Britain will only agree to a pact that works for the whole of the United Kingdom, Prime Minister Rishi Sunak told his ministers. Ahead of his first visit to India...
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Global trade finance gap at record $2.5 trl: ADB
The global trade finance gap jumped to a record $2.5 trillion last year, as heightened economic risks left banks' financing capacity stretched, according to the Asian Development Bank. The trade finance gap - the difference...
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Aug PMI services at 60.1 on strong order book
India's service sector continued to expand in August, albeit at a slower pace than in July, findings of a survey showed Tuesday last. According to S&P Global, India's services purchasing managers' index (PMI) came out to be 60.1...
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Canada pauses talks on FTA with India
Canada has paused negotiations for a free trade agreement with India and now both the countries will mutually decide about resuming the talks in the future, an official said. "The Canadian side conveyed that they were...
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G20 Presidency helping India deepen trade ties
The G20 Presidency with India is helping New Delhi to strengthen trade ties with member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure, experts say.
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