It takes just one statement from Chinese authorities or a steel producers’ body in China to change the dynamics and economics of Indian companies in the iron ores sector. Prices of steel and iron ore in India have been volatile in recent weeks because of developments in China, which is trying to regulate the metal’s […]
Every week since April this year, Chinese authorities have announced measures to control the price of many commodities, including energy and metals. China has been trying to cool surging commodity prices by releasing inventory from its strategic reserves. The higher prices of oil, coal and metals have raised manufacturing costs, slowed down factory activity growth, and increased inflation […]
Commodities rallied 21 per cent in the first half of 2021, making them the top performing asset group ahead of U.S., European, emerging market and non-Japan Asian stocks. The broad-based index of energy, agriculture, industrial metals and precious metals rose the same amount as high-flying Bitcoin, which pulled back after hitting its all-time high of […]
With global steel supplies improving, the uptrend in steel prices over the past one year is likely to tone down, said a CARE Ratings report. Led by China and India, global steel production grew 15 per cent year-on-year during the first five months of 2021, said CARE Ratings. However, the rating agency does not see […]
The London Metal Exchange (LME) said on Tuesday it will introduce a fee for priority access to its monthly off-warrant report. The fresh priority service gives buyers access to the off-warrant stocks reports three weeks before the free version is available on the LME’s website, the exchange said in a notice. In July 2020 the […]
The global mining sector has emerged well from the worst of the COVID-19 pandemic economic crisis, with the top 40 companies coming out of the storms of 2020 in excellent financial shape, consulting firm PwC said in a report. In fact, 2020 was a banner year for the mining sector. Compared to 2019, net profit […]
The near-term outlook for the mining industry remains strong as pent-up demand will emerge after the pandemic panic settles down in the second half of this year, predicts S&P Global Platts. “Gold prices are expected to remain elevated. In the longer term, the sector will capitalize on raw material needs critical to the global energy […]
Jim Rogers, the investment guru and author of the best seller Investment Biker, who got started in business at the age of five selling peanuts, is cautiously betting on what he knows intrinsically from childhood—commodities. “I am bullish on agriculture. Commodities have been very strong. Copper and iron ore are making all-time highs. A lot […]
Aluminum prices jumped to their highest in nearly three years, as Chinese trade data shows export momentum remained strong in March after record gains in February, while imports topped expectations, according to a report by Seeking Alpha. Deepan JoshiDeepan is a seasoned journalist with over 24 years of experience. Deadlines bring out the best in him and […]
Although a rebound in the Indian economy is encouraging, the full and proper recovery of the economy still has a long way to go. Covid-19 vaccination rollout is positive, but the pace of the drive remains slow. India has vaccinated ten million-odd people in a month, but that is not even one per cent of […]
