Decline in shrimp exports to China makes shrimps cheaper in India for domestic market

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India’s shrimp exports to China have been witnessing a sharp decline, and that has made shrimps cheaper in the domestic markets by 30-40 per cent since March 2021. Given that China is the second largest purchaser of Indian shrimps after the USA, it has impacted exports quite severely. According to shrimp exporters, since China was […]

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Is steel price likely to be cut in July?

Steel prices are likely to see a downward revision in July 2021, according to metal analysts. Likelihood of global price cuts may impact the Indian prices as well. Russia is likely to impose an export tax from August and so there is a possibility of higher exports from Russian producers. Moreover, Chinese prices have seen […]

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As Covid disruptions subside, Fitch forecasts strong gold and copper production growth

Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of covid-19 disruption miners experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show. For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global […]

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Russia’s Rusal estimates China’s recycled aluminium output to almost triple by 2030

China’s production of secondary aluminium will almost triple by the end of this decade if all announced recycling projects come to fruition, Rusal said, as China caps primary smelting capacity and looks to reduce emissions. Russia’s Rusal is the largest aluminium producer outside of China. If all announced recycling projects materialise, China’s secondary aluminium production […]

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