Government’s Rs 4,500 crore Production Linked Incentive scheme for renewables finds 18 applicants

India’s big business corporate houses like Reliance, Adani, Tata, and Jindal are some of the 18 companies that have applied for the government’s Rs 4,500 crore production-linked incentive (PLI) scheme. They expect to start or increase their manufacturing capacity with the help of these funds. State-owned giant, Coal India Limited (CIL), which is also trying […]

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Global iron-ore production growth will accelerate in the coming years: Fitch Solutions

Global iron-ore production growth will accelerate in the coming years, predicts Fitch Solutions’ Country Risk and Industry Research. The firm forecasts that global mine output growth will average 3.6% over the 2021 to 2025 period, compared with a negative 2.3% over the previous five years. This will lift yearly production by 571-million tonnes by 2025, […]

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COMMENT – Crystal gazing at 2021 commodities cycle – only bet is on the pace of coronavirus recovery

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The spread of the Covid-19 pandemic led to lockdowns and economic devastation across the world. The story for commodities was far more nuanced, reflecting that the pandemic was not your run-of-the-mill global recession. The story for 2021 is likely to be dominated by the recovery from the coronavirus, especially since it now seems likely that […]

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COMMENT – Tension between China and Australia over commodities trade being seen as former flexing its muscle

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Australia’s ties with top trade partner China soured in 2018 when it became the first country to publicly ban China’s Huawei from its 5G network, and worsened after Canberra called for an enquiry into the origins of the coronavirus. Tit-for-tat diplomatic reprisals have since followed, including raids on the homes of Chinese journalists in Australia, […]

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Weekly Wrap – Global economy ticks along; India’s farmers’ unrest worrisome

The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years,” […]

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