India’s economic growth to hit 7.6% in FY2019: ADB

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) […]

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Copper: Driving the green energy revolution

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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 […]

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India’s multi commodities exchange, MCX set to launch world’s first brass futures contract

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 […]

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Energy commodity prices increased in the second half of 2017; metals rose too – EIA

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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 […]

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Improved mineral mapping helps China’s mining sector increase revenues manifolds – report

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 […]

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