India’s exports in FY22 mainly led by petroleum, farm and metal related shipments

India’s record exports of $ 422 billion in FY22 came on the back of stellar performance of key segments, such as petroleum products, chemicals, agriculture, base metals, electronics and gems & jewellery and textiles and garments, suggesting a broad-based resurgence after a Covid-induced slide in the previous fiscal.  While a spike in global crude oil […]

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Australia says fresh investments to unlock potential of its critical minerals sector

The Australian government has announced a package of measures, including a $200 million Accelerator grants program, $50 million to support research and development, and an updated industry strategy as part of its 2022-23 budget to help unlock the minerals industry’s significant potential. Prime Minister Scott Morrison said Australia’s resources companies were leading the world in developing new critical […]

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Fear of Russia-Ukraine crisis impacting commodities market

Several commodity markets are starting to price in some geopolitical risk around the growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at what the potential impact could be should tension boil over into a conflict. A scenario where […]

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Wood Mackenzie predicts 2022 to be a year of rebalancing for metals and mining industry

If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, predicts global commodity research firm, Wood Mackenzie, Wood Mackenzie vice chair Julian Kettle said: “The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But […]

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