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 […]
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 […]
Data released on Monday showed Chinese steel output rebounded in August 2019, a rise of 9.3 per cent from the same month a year before to 87.3 million tonnes; not far off the record set in May this year, according to the World Steel Association. Chinese furnaces now produce 56 per cent of the world’s […]
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 […]
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 […]
China is expecting a bumper harvest of grains provided there are no major natural disasters, said an official with the Ministry of Agriculture and Rural Affairs, Xinhua, the Chinese news agency reported. The country’s soybean growing areas increased by 10 million mu (about 666,667 hectares) this year while rice and corn production areas continued to […]
The Modi government seems determined to boost the country’s crude steel production capacity to 300 million tonnes by 2030-31 in a bid to make India a global steel manufacturing hub. At present, China is the world’s largest steel producer with a production capacity of 928.3 million tonnes of crude steel (2018), while India, with 106.5 […]
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 […]
China’s total planned coal-fired power projects now stand at 226.2 gigawatts (GW), the highest in the world and more than twice the amount of new capacity on the books in India, according to data published by environmental groups this week. The projects approved by China amount to nearly 40 per cent of the world’s total […]
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 […]
