India’s ban on onion exports skyrockets prices in Asia

From Kathmandu to Colombo, it’s a kitchen nightmare, reveals Business Standard: That’s because India, the world’s biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. Onion prices have more than doubled in most neighbouring countries in the last month alone. Asian consumers have developed a serious […]

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US steps up efforts to limit China’s control of critical minerals

The US government is stepping up efforts to break China’s dominance over supplies of critical minerals for a range of modern life’s aspects, including electric vehicles (EVs), green technologies and military applications by launching a plan to boost lithium, cobalt and rare earths mining across the globe. The Energy Resource Governance Initiative (ERGI) initiative, announced in […]

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US slaps anti dumping duties on carbon and alloy steel threaded rod from India ahead of trade deal

The US Department of Commerce has announced affirmative action by slapping antidumping duty (AD) investigations on imports of carbon and alloy steel threaded rod from India, China and Taiwan, alleging dumping of these products in the US market to the detriment of US producers. The commerce department announced the highest duty of 32.26% on carbon […]

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Indian steel mills hope to invest in upcoming Saudi Arabian steel, iron ore projects

Indian steel manufacturers plan to strengthen their relationship with the Middle East market, especially Saudi Arabia, according to remarks made during the second day of the First International Saudi Iron and Steel Conference last week, reports S&P Global Platts. V.R. Sharma, managing director of India’s Jindal Steel and Power, said, “The industry will definitely grow […]

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Philippines indefinitely suspends nickel mining from its southern region

A nickel mining hub in the southern Philippines, which produces mostly high-grade material, has suspended extraction operations indefinitely as the regional government conducts an industry audit, a top government official told Reuters last week. The government of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has suspended operations of all four mining companies in its jurisdiction, said Environment, Natural Resources […]

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Cotton prices start rising on monsoon-led crop damage, pink bollworm attack

Cotton prices have started rising the past one week due to lower production estimates this year, following reports of crop damage on erratic rainfall and pink bollworm attack on standing crops in major growing regions, reports Business Standard. Data compiled by Agmarknet.in showed raw cotton prices in Warangal mandi surged by 7 per cent the past 10 days […]

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