Pandemic takes a toll on non-coal mining leases; six in 2020-21 against 43 in 2019-20

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During the current fiscal, 2020-21, very few non-coal mining leases were allotted. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation was made mandatory through the auction route in 2015, a […]

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Infrequent sale of a few iron ore blocks leads to an artificial deficit: Jindal

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Iron ore is a strength for India but at a particular cost, Jindal Steel & Power chairman, Naveen Jindal, said on Wednesday, alluding to the unsustainable premiums quoted for the Odisha auctions earlier this year. Speaking at the ‘Minerals, Mining and Metals’ e-conclave organised by the Bengal Chamber of Commerce and Industry, Jindal said, whether […]

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Weakening dollar props up base metals rally

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The stimulus packages being announced across the globe amid the Covid-19 pandemic, are benefitting base metals Copper, zinc and nickel have been rallying for the last 8 months as a broad-based weakening of the dollar made commodities cheaper for holders of other currencies. Besides, supply constraints from the pandemic-hit Latin American nations provided support to the metals, said brokerages. […]

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The next wave of the global recovery could send commodity prices soaring: Analysts

The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC, potentially setting the stage for further gains across the industrial space in the coming months. The prediction comes at a time when market participants are closely monitoring the strength of the global economic recovery, as […]

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Mergers and consolidation to fuel upgrade China’s steel sector

Mergers and acquisitions will provide the impetus for sustainable transformation and upgrade of the iron and steel industry and leverage on gains from the overcapacity reduction campaigns in the sector that are coming to an end, industry experts following China’s steel sector said. According to the National Development and Reform Commission, the nation’s top economic […]

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Five things to watch in 2019 for global metals industry: Wood Mackenzie

A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]

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