India’s zinc and lead major Hindustan Zinc (HZL), belonging to Anil Agarwal-led Vedanta group, has become the world’s ninth largest silver producer in calendar year 2018 (CY18). The firm improved its ranking from last year’s 11th spot, according to the data provided by Washington-based Silver Institute, a global body of all silver stakeholders, from mines to consumers. Also, India […]
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 […]
Base metals have lost as much as a fourth of their value in the last two months owing to weak global demand in the wake of escalating trade war between the United States and China. The base metals index (LMEX) on the benchmark London Metal Exchange (LME) has slumped 17.5 per cent since the drawdown started on June 7, this […]
Demand for refined zinc outpaced supply during the first five months of the year, reaching a deeper deficit compared to the same period in 2016, the International Lead and Zinc Study Group (ILZSG) said in its latest report. The market recorded a deficit of 178,000 tonnes from January to May 2017, compared to 133,000 tonnes […]
While the World Gold Council is still negotiating with the Indian government to launch a spot exchange for gold, Bombay Stock Exchange’s India International Exchange (India INX) at GIFT (Gujarat International Finance Tech) City, Ahmedabad will commence trading in four new commodity derivatives products – aluminium, lead, nickel and zinc – from June 1. The […]
India’s index of mineral production of mining and quarrying sector for the month of February rose 3.3 percent year on year to 140.6, the government said in a statement, adding that the cumulative growth for the April- February 2016-17 period was up 1.6 percent. It said that the total value of mineral production (excluding atomic & minor minerals) […]
India will lead the demand for lead for the next five years as sales of automobiles grow in the country, BMI Research said in a report. Lead is a primary ingredient for automotive batteries. Its rally from multi-year lows were on the back of major zinc-lead mine shutdowns and strong demand from the automotive sector, […]
Metals prices are projected to decline by 9 percent in 2016 due to surplus capacity in most markets, the World Bank said in its latest commodity outlook, adding that despite a rebound in prices from January lows, average prices will be lower than last year. In 2017, metals prices are projected to increase by 4 […]
China has found its biggest lead and zinc deposit in its northwest Xinjiang Uygur Autonomous Region, Xinhua news agency quoted local authorities as saying. The deposits, with reserves of nearly 19 million tonnes, is located 5,500 meters above sea level in Hotan County in southern Xinjiang, according to the regional geological and mining bureau. Local […]
Here is what others are talking about this morning: Asia stocks rise as Fed minutes spur optimism; dollar weakens Brent crude oil prices dip on prospect of record Saudi output Gold rises on weaker dollar as Fed minutes cool rate hike expectations Top steel firms’ debt level totals record $150 billion: EY China closes lead […]
