India imposes anti-subsidy duty on imports of copper wire rods from 4 Asian countries

India has imposed anti-subsidy duty for a period of five years on copper wire rods from Indonesia, Malaysia, Thailand and Vietnam after concluding a probe that these imports have impacted domestic players. In a notification, the finance ministry said that it has imposed the anti-subsidy or countervailing duty after considering the final findings of the […]

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Spinning mills in India seek govt intervention for sale of cotton by CCI at market price

The Southern India Mills’ Association (SIMA), a spinning mills body has asked the Union government to direct the Cotton Corporation of India (CCI) not to hoard the commodity and sell it at market price on a regular basis, reports Financial Express. “China, the largest consumer of cotton, has depleted its cotton reserves significantly in the […]

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US to impose sanctions on Iran’s metal exports and its leaders

The Trump administration imposed new sanctions on Iran last week, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on U.S. military bases. The sanctions target steel, aluminum, copper and iron, as well as eight senior Iranian officials and sectors of the economy, such as construction, manufacturing, textiles and mining, […]

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Lithium price plunges to 4-year low

Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump. Prices for the raw material used in lithium-ion batteries fell again at the end of last year, according to the December price assessment released […]

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Domestic non-basmati paddy prices rule firm over damage to crop last year

Amid the setback faced by the Indian basmati exporters over stalled shipments due to the ongoing US-Iran standoff, the prices of non-basmati paddy are holding firm and rising in some local markets after reports of crop damage following last year’s heavy rainfall and subsequent flooding in major growing areas have surfaced, Business Standard reports. After the advisory by All India Rice […]

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Improvement in macro sentiment leading to recovery in Aluminium, Copper prices: ICRA

Prices of aluminium and copper are showing signs of recovery in the last three months as trade tensions in international markets have eased to an extent leading to an improvement in sentiment, rating agency ICRA said in its research report. Consequently, while aluminium prices at the spot market have increased by 4 per cent in […]

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India’s Adani, NTPC sought extension of deadlines to curb coal plant emissions

Top Indian coal-fired power generators Adani Power and NTPC Ltd have sought two-to-three-year extensions of deadlines to install emissions-cutting equipment at some plants, according to documents reviewed by Reuters, even as the country battles rampant pollution. The requests mean the two biggest power producers in India are pressuring the government to delay emissions targets for […]

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