Lead and zinc miss out on the commodities super cycle party

While most industrial metals are glowing hot in a post-pandemic manufacturing recovery and an emerging commodities supercycle, lead and zinc have remained subdued. Copper has hit all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal futures trading above $10,350 a tonne. Tin has hit a 10-year high and aluminum is charging up towards […]

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Global 2021/22 cotton consumption highest in 4 years on recovery from pandemic

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Record global cotton supply will drive use higher as recovery from the COVID-19 pandemic continues, according to the first forecast for 2021/22 by the U.S. Department of Agriculture (USDA). The USDA said in its latest World Agriculture Supply and Demand Estimate (WASDE) report that global consumption is expected to grow 3.5 percent to almost 122 […]

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Solar plants availing benefit under M-SIPS not eligible for solar PLI scheme

India’s Union ministry of new and renewable energy (MNRE) has said that solar units availing benefits under the modified special incentive package scheme (M-SIPS) programme of electronics ministry will not be eligible for the Rs 4,500-crore production-linked incentive (PLI) scheme for solar module manufacturing.  The MNRE released broad guidelines on how PLI scheme can be […]

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Rising Covid-19 cases in India could weigh on consumer gold demand, but support investment

Improved sentiment, as inflation concerns grew, interest rates fell and the US dollar weakened, helped lift gold in April, but rising Covid-19 cases in India could weigh on consumer demand going forward though investment will be supported, the World Gold Council (WGC) said in its monthly report. “Rising inflation expectations and questions around central bank tapering […]

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Global coffee prices rally in April on anticipated output decline, signs of economic recovery

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Global coffee prices continued their upward trend in April, as the monthly average of the ICO composite indicator rose to 122.03 US cents/lb, 1.4% higher than in March 2021 and 12% higher than in April 2020, representing the sixth consecutive month of increase and the highest monthly average in over three and a half years, […]

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