India’s gold demand bouncing back to pre-COVID levels; Sept ’21 demand rises 47% to 139 tonnes: WGC

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India’s gold demand has seen a 47 per cent year-on-year jump in the July-September quarter to 139.1 tonnes, following strong rebound in economic activity and recovering consumer demand, the World Gold Council said in a report. According to the World Gold Council (WGC), gold demand in India is bouncing back to pre-COVID levels and going […]

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India’s rubber production hit by heavy rains in Kerala

India’s natural rubber (NR) production is expected to drop sharply in October and November, as heavy rains have been disrupting tapping activity in the country’s top NR producing state, Kerala. With production dipping India, the world’s second-biggest consumer of natural rubber, may have to increase imports in the coming months from Indonesia, Malaysia and Thailand, […]

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Worldsteel forecast steel demand to grow by 4.5% in 2021 and by 2.2% in 2022: India’s demand to touch 100 million tonnes

The World Steel Association (worldsteel) has forecast that steel demand will grow by 4.5% in 2021 and reach 1,855.4 million tronnes after 0.1% growth in 2020. In 2022, steel demand will see a further increase of 2.2% to 1,896.4 million tronnes. The current forecast assumes that, with the progress of vaccinations across the world, the […]

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Normalising economies are leading to rampant demand for coal globally – report

Care Advisory & Research said economies are coming back to normalcy leading to rampant demand and that is driving energy prices reflecting in the demand-supply mismatch. In an interview with CNBC-TV18, CARE’s director Tushar Shah said, “Australia and Indonesia are the two countries which are the biggest exporters of coal. India is one of the […]

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India’s power consumption dips by 2% to 72 million units; crisis not yet over

Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the data, the power consumption of 3,900 MU on Friday or October 8 was […]

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