Clean energy demand for critical minerals set to soar as the world pursues net zero goals

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Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a report by the International Energy Agency.  The special report, The […]

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Zaveri Bazaar may lose primacy to proposed hi-tech jewellery park in Navi Mumbai

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Recent reports about Mumbai’s gold hub at Zaveri Bazaar shifting to New Mumbai is nothing new. Plans to shift the congested gold market in south Mumbai have been afoot for three years when Maharashtra state government signed an agreement with Gems and Jewellery Export Promotion Council (GJEPC) at the Magnetic Maharashtra 2018 conclave during the […]

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Global cotton prices might be influenced by more than traditional market fundamentals, says ICAC

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The International Cotton Advisory Committee (ICAC) said in its latest report that it expects global cotton production for 2020/21 at an estimated 24.6 million tonnes, led by India. Global consumption is estimated at 25 million tonnes, led by demand from China. Global trade, it said, was estimated at 9.8 million tonnes. The ICAC said these […]

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Normal to above normal rainfall forecast for southwest monsoon season

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Normal to above normal rainfall is most likely during the 2021 southwest monsoon season (June – September) over most parts of South Asia, according to an authoritative seasonal forecast from the South Asian Climate Outlook Forum (SASCOF) released this week. Geographically, above-normal rainfall is most likely over some areas of the North West, along the foothills of […]

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Copper climbs to highest in 10 years as global recovery gains ground; other metals also gain

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Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce stimulus programs and climate pledges […]

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IGC raises world total grains production in 2020/21 by 9 mln tons m/m to 2.224 bln tons

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The International Grains Council (IGC) has raised the forecast for world total grains production, including upgrades for wheat and maize, in 2020/21 by 9 million tons month-on-month to 2.224 billion, an increase of 2% y/y (year-on-year). “Because of increased consumption, projected total grain carryover stocks at the end of 2020/21 are 2m t lower m/m, at […]

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Small family farmers produce a third of the world’s food, says study

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The world’s smallholder farmers produce around a third of the world’s food, according to detailed new research by the Food and Agriculture Organization of the United Nations (FAO). Five of every six farms in the world consist of less than two hectares, operate only around 12 percent of all agricultural land, and produce roughly 35 percent of […]

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Global crude steel output rose 15.2% year-on-year in March to 169 million tonnes; China up 19%, India 24%

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World Steel Association (worldsteel), which represents 64 producing countries, said on Thursday that global crude steel production was 169.2 million tonnes (Mt) in March 2021, a 15.2% increase compared to the same month last year. China produced 94.0 Mt in March 2021, up 19.1% on March 2020, while India’s output rose 23.9% to 10.0 Mt, […]

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No cracking signs in exports flow despite emergence of Corona’s fresh wave, says FIEO President

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In the history of Indian exports the year 2020-21 was undoubtedly the most topsy turvy with the first wave of Corona massively destabilising the goods flow particularly in the first quarter. After a low pick later, there was, however, a case of smart recovery in the last two quarters which had triggered the expectation of […]

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