ICRA upgrades demand growth forecast to 9-10% for FY25
India’s steel industry is poised for a remarkable growth trajectory in fiscal year 2024-25 (FY25), as per the latest revisions made by the credit rating agency ICRA. The firm has upgraded its steel demand growth forecast
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Global demand soars as industry ramps up decarbonization efforts
Global aluminium demand is set to rise nearly 40% by 2030, calling for the production of an additional 33.3 million metric tonne (Mt) to meet the needs of expanding industries worldwide. This increased demand will be driven...
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Investment opportunities in expanding Cu market
The copper market is undergoing a transformative period as global demand rises sharply, driven by green energy initiatives, electric vehicles (EVs), and expanding infrastructure needs. Copper, essential for its conductivity...
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China’s stimulus package, expected global supply deficit sets the stage for volatility in prices
Zinc prices have recently hit their highest levels in four months, driven primarily by a series of supportive economic measures announced by China, the world’s largest zinc consumer. These measures aim to revitalize...
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Prices gain momentum, expected to surge further
Lead futures on the Multi Commodity Exchange (MCX) have been trading sideways for the past month (Sept 2024), but signs of a potential rally are emerging. The October futures have fluctuated between Rs 180...
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Prices surge amid supply constraints and geopolitical factors
Nickel prices on the London Metal Exchange (LME) closed above USD 18,000/MT on 2nd October and climbed further to around USD 18,200/MT on 3rd October. This marks a notable recovery for nickel, a critical raw...
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Prices surge 25% in 2024 amid supply shortages, rising demand from green tech
Tin continues to be a pivotal element in the energy transition, a point emphasized during the LME Seminar recently. While copper is often highlighted as the key transition metal, the significance of tin is frequently...
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First Fed rate cut since ’20, escalating ME conflict, led to a steady rise in prices
Increasing expectations of U.S. Fed rate cut in September meet along with heightened geo-political tensions especially in Middle East, helped the steady rise in gold prices almost through the month.
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Lowering custom duties on critical metals: A golden opportunity for India’s semiconductor & EV industries
India’s recent decision to lower custom duties on critical metals is a strategic move set to revolutionize the country’s semiconductor and electric vehicle (EV) industries. By reducing the financial burden on importing...
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Mining taxation - its impact and implicationsy
Giving a boost to the mining sector, especially commercial coal mining, and bringing in reforms to attract more investment into the sector is the direction taken by the government in its announcements intended to revive...
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Unearthing opportunity: Why the time is now to invest in mining technologies for sustainable growth
The Indian aluminium industry is strategically well placed in the world with discernible growth plans and prospects for the future. India is the world’s second biggest aluminium producer and third biggest consumer...
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How sustainable practices can drive inclusive growth in modern business
India’s mining sector is on the brink of a transformative journey toward sustainability and technological innovation. As the world increasingly prioritizes sustainable development and environmental stewardship...
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How are diversified miners tackling scope 3 emissions?
The first scope 3 indirect emissions target among diversified mining companies was set by Vale just six years ago in the form of a modest 15% reduction by 2035. But with both stakeholder pressure and transition risk mounting,
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ABB India pioneers digital and sustainable solutions for the steel & metals industry
In the steel and metals industry, operational efficiency and sustainability are critical, and ABB India is leading the charge with its cutting-edge technological solutions. Through innovations powered by its ABB Ability™ platform..
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Unlocking low-grade iron ore: Role of beneficiation in India’s steel sector
Global steel companies’ production is largely dependent on the blast furnace route, which accounted for around 72% of the total crude production in 2023. As the world steel producers focus on sustainability...
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Indian primary aluminium inds evolving for a bright future
The primary aluminium market is an evolving landscape offering significant opportunities for businesses and investors and the challenges it has to cope up with though. The primary aluminium market has shown remarkable growth...
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Aluminium bauxite mining in India: Current scenario, challenges, and future prospects
Aluminum is a versatile metal extensively used across various industries, from aerospace and automotive to construction and packaging. The primary source of aluminum is bauxite, an ore that contains a significant...
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Indian aluminium extrusion market set to soar to $2.5 bn by 2027
A report by Allied Market Research indicates that the Indian aluminium extrusion market generated $1.3 billion in 2019 and is projected to reach $2.5 billion by 2027, with a CAGR of 8.3% from 2020 to 2027.
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Aluminium industry reports decline in greenhouse gas emissions
New data from the International Aluminium Institute (IAI) reveals that, for the first time, total greenhouse gas emissions from the global aluminium sector did not grow, even though aluminium production grew.
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Hindalco well geared to meet country’s varied aluminium needs
Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. A $26 billion metals powerhouse, Hindalco is the world’s largest aluminium company by revenues, and a major player in copper.
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ITI-1600 high-precision thickness gage
Ultrasonic thickness gauges are designed to improve safety and ensure reliability of material subject to corrosion or erosion. Corrosion gauges with their dual-element transducers are the primary inspection...
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FY25 Auto Outlook: Growth rate to moderate in personal mobility segments
While it’s an EU regulation, the Carbon Border Adjustment Mechanism (CBAM) aims to encourage decarbonisation at a global level. As the new rules will affect anyone who exports to the EU, it promises to have significant...
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SECO/WARWICK increases manufacturing capacity in India
SECO/WARWICK, one of the world’s largest global manufacturers of metal heat treatment equipment, has opened a new production hall in India. This is another step in implementing the global expansion strategy...
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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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Steel ind's FY'25 capacity utilization to fall below 80%
Following the post-Covid metals rally, the domestic steel industry accomplished the rare feat of maintaining above 80% capacity utilization rates, a robust investment pipeline, and manageable leverage levels for three consecutive years from FY2022 to FY2024.
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Citi slashes copper forecasts amid looming Trump trade tariffs
Copper is expected to face significant challenges in the coming year as additional US trade tariffs from the Trump administration and economic uncertainties in China weigh on consumption and prices, according to Citigroup Inc.
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Fitch raises iron ore price forecast for 2024 to $110/t
In its December review, Fitch Ratings has revised its iron ore price forecast for 2024, raising it to $110 per tonne. This adjustment comes as the international rating agency acknowledges higher prices for the raw material throughout the year.
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Trump and China add to copper headwinds in 2025
A stronger-than-expected stimulus from Beijing provides an upside risk to our price forecast. A drawdown in warehouse stocks in China due to higher exports ahead of a possible rise in tariffs next year and following the end of the export tax rebate for copper products...
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Surge in finished steel imports sparks industry woes, policy dilemmas
India is witnessing a significant surge in finished steel imports, which reached 5.768 million tonne (MT) during the period of April to October 2024, marking a remarkable 42.1 per cent year-on-year growth compared to the same period last year.
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IIT Bombay-HSBC India tie-up to Advance Green Hydrogen Solutions
The Indian Institute of Technology, Bombay (IIT Bombay) has joined forces with HSBC India to launch a pioneering initiative aimed at advancing the development and deployment of green hydrogen technologies.
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Govt defines green steel
India has introduced a definition for 'green steel,' becoming one of the first countries to establish clear parameters for decarbonized steel production. The taxonomy framework, launched by Union Minister for Steel and Heavy Industries H.D. Kuamaraswamy, aims to transform...
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Govt plans safeguard duty on steel imports
The capacity utilization of India's domestic steel industry is projected to fall to 78% this fiscal year, the lowest in four years, due to unprecedented imports. The government is considering imposing a 25% duty on steel imports to curb the influx of cheaper steel...
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Steel Min proposes 37% green steel preference
India's steel ministry has proposed that over a third of government steel procurement be allocated to low-carbon 'green steel.' This green steel is defined as steel produced with CO2 emissions below 2.2 tonnes per tonne of finished steel.
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ACE unveils next-gen BS-V(CE-V) Backhoe Loader at Bauma Conexpo 2024
Action Construction Equipment Ltd. (ACE), one of India's leading manufacturers of material handling and construction equipment, has unveiled its all new BS-V(CE-V) AX124 Backhoe Loader at Bauma Conexpo 2024 setting new standards for sustainability, performance, and efficiency.
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Tata Motors unveils its cutting-edge tech at Bauma Conexpo 2024
Tata Motors, India's largest commercial vehicle manufacturer and mobility solutions provider, showcased a comprehensive range of advanced aggregates at Bauma Conexpo 2024. The exhibits include CPCB IV+ compliant Tata Motors Gensets available from 25kVA to...
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Cummins India unveils next-generation power solutions
Cummins India Limited (Cummins India), one of the leading providers of power solutions unveiled its advanced range of Aftermarket Solutions for back-up power gensets, construction and mining segments at the 7th edition of baumaCONEXPO India 2024.
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SANY redefines devpt with revolutionary equipment as 'Chariots of Development'
SANY India, one of the leading manufacturers of construction equipment, inaugurated its stall at the Bauma Conexpo 2024. With the theme 'Chariots of Development,' SANY India emphasizes its commitment to contributing to India's ambitious vision of Viksit Bharat at 2047...
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India Cu demand soars 13% in FY2024 driven by economic growth, infra boom
Copper demand in India witnessed a significant 13% year-on-year growth in FY2024, reaching 1700 kilotonnes (kt). This surge is primarily attributed to overall economic expansion, particularly in the wake of the post-pandemic recovery. From FY2021 to FY2024, the average...
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Vedanta to invest Rs 1 lakh cr in Rajasthan
Vedanta participated in the Rising Rajasthan Roadshow in UK, which was led by the Chief Minister Mr. Bhajan Lal Sharma and a delegation of Rajasthan ministers. The Chief Minister met with Vedanta Chairman Anil Agarwal to discuss investments of more than Rs.1 lakh crores...
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Adani's Cu refinery to boost self-sufficiency
The government announced that Adani's Kutch copper refinery, once ramped up to full capacity by early next year, will enable the country to become self-sufficient in refined copper. Until then, India will continue to import some amount of refined copper.
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No disruptions in Cu supplies due to QCO
The Mines Ministry does not anticipate any disruption in copper supplies following the enforcement of quality control orders. An official statement confirmed that there are currently four domestic and four foreign Bureau of Indian Standards (BIS) certified suppliers selling copper...
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India, Peru near free trade agreement, says Ambassador Velarde
India and Peru are close to finalizing a free trade agreement, with seven rounds of negotiations already completed, according to Mr. Javier Manuel Paulinich Velarde, Ambassador of the Republic of Peru. Speaking at an interactive meeting organized by World Trade Center...
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Sanjay Malhotra is new RBI governor
The government on Monday last appointed Union revenue secretary Sanjay Malhotra as the 26th governor of the Reserve Bank of India (RBI) for a three-year term starting December 11. The announcement by the Cabinet Committee of Appointments, came just a day...
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VAL showcases sustainable Al solutions at ALUMINIUM 2024, Düsseldorf
Vedanta Aluminium (VAL), India's largest aluminium producer, is set to participate in the upcoming 'ALUMINIUM 2024' world trade fair in Düsseldorf, Germany. The company will be exhibiting its extensive product...
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Mixed results expected for metal cos in Q2FY25
Metal companies are likely to show a mixed performance for the September quarter (Q2FY25), with contrasting trends between ferrous and non-ferrous sectors. Ferrous metal companies are expected to report significant...
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RBI keeps rates unchanged
The Reserve Bank of India's 51st monetary policy meeting led by Governor Shaktikanta Das kept rates unchanged. Governor Das said flexible inflation targetting framework has helped bring about price stability globally.
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India signs liberal treaty with UAE
A revamped India-UAE bilateral investment treaty (BIT), which came into force on August 31, makes conditions for enhanced investment flows from the West Asian kingdom, analysts said. It breaks the template of text...
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