Base metals surged higher early this week, with copper rallying above $ 9,000 a tonne on estimation that increased demand driven by the recovery from the pandemic will spur a historic deficit, putting the economic bellwether on course for a record run of monthly gains. Nickel topped $ 20,000 a tonne. Copper climbed as much […]
London copper prices are hovering around an eight-year high as a weaker dollar lent support, but trading was thin due to the Lunar New Year holiday in China. The three-month copper contract on the London Metal Exchange dipped 0.1 per cent to $ 8,289 a tonne, rebounding from a 0.7 per cent fall earlier in […]
As we enter 2021, many mined commodity prices are riding high after recovering from a dramatic pandemic-induced slump in the first half of 2020. The new year, however, raises new questions. How will Chinese policy affect supply and demand in 2021? Will the growing rhetoric around decarbonisation be followed up with concerted global action? And […]
Copper hit its lowest in over a month as investors sought safety in the dollar due to rising coronavirus cases and lockdowns in large economies, pressuring metals priced in the greenback. Benchmark three-month copper on the London Metal Exchange (LME) fell 0.7 per cent to $7,765 a tonne, its lowest since Dec 23. The prospects […]
Commodity giant, Vedanta reported a 61.8 per cent decline in its consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one-time tax expense. The company posted a net profit of Rs 2,158 crore in the year-ago period, Vedanta said in a filing to BSE. Income during July-September […]
The index of mineral production of mining and quarrying sector for March this year (Base: 2011-12=100) at 132.7 was exactly the same as compared to the level in the same month last year, the Ministry of Mines said in a statement. The cumulative growth for the period April- March (2019-20) over the corresponding period of previous year […]
The Pakistani gas giant, Pakistan Petroleum Ltd. is looking to begin zinc and lead exports from next year as the nation’s largest gas explorer moves away from the fuel after a decade of zero growth in domestic production. The oil and gas explorer aims to boost revenue from its mining business to $100 million annually […]
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 […]
