When Apple sent a rare warning about its disappointing sales in China, it almost spooked global markets. A slowdown in the world’s second largest economy is an ominous sign indeed, a sign that the slowdown might have a ricochet effect on other economies as well. Add China’s tariff wars with the US, and the sliding […]
India is expected to grow at a healthy 7.3 per cent in fiscal year (FY) 2018 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, according to a recently released Asian Development Bank (ADB) report. In an update to its flagship annual economic publication, Asian Development Outlook (ADO) […]
The outlook for the global mining sector has become more clouded in recent months due to trade tensions between the US and China, Fitch Ratings said, as prices for several commodities, including copper, nickel and zinc, fell sharply in July due to investor concerns about global growth. Trade tensions show no sign of easing and […]
Copper is known as “man’s first metal”, and for over 10,000 years, it’s been used in applications ranging from architecture to coinage. However, it was Michael Faraday’s discovery of electromagnetic induction in 1831 that turned demand on its head for the red metal. As the world used more and more electricity, copper became known as […]
Australia, keen to remain competitive in resources, has set up a task force to develop new ideas and technologies to help ensure longevity of one of its most important industry. “Mining has never been as important to the global economy as it is now. The modern world relies on a more diverse list of minerals […]
Multi Commodity Exchange of India Ltd (MCX), the country’s largest commodity exchange, has announced that it will commence futures trading in brass on Monday, March 26, 2018, marking the first time that a brass Futures contract will be traded on an organised exchange anywhere in the world. As there is no referenceable international or domestic […]
China Minmetals Corporation (CMC), the country’s largest metals and minerals group, recorded its highest ever revenue and profits in 2017, the official Xinhua news agency said quoting figures released at the company’s annual work conference. The corporation raked in 500 billion yuan ($78.9 billion) in revenue last year, up 14 percent from the 2016, while […]
After decreasing nearly 20% in the first half of 2017, the spot energy index in the Standard and Poor’s (S&P) Goldman Sachs Commodity Index (GSCI) ended 2017 16% higher than the beginning of the year, thanks to higher crude oil and petroleum product prices in the second half of the year, the U.S. Energy Information […]
A working group of India’s central bank, the Reserve Bank of India (RBI), has made a case for a “positive list” of commodities comprising metals, energy and agro products which can be hedged in the overseas markets by domestic Indian traders. Exposure of Indian entities to commodity price risks has been accentuated by growing integration […]
China’s mining sector saw revenues rise 12.4-fold year-on-year in 2016 due to improved technology in prospecting and mining, the official news agency Xinhua quoted China’s land resources minister as saying. China spent more than 77 billion yuan ($11.7 billion) in geographic prospecting in 2016 to verify new reserves of 36 varieties of mine resources, two […]
