India’s commerce ministry to monitor imports of aluminium, copper

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The directorate general of foreign trade (DGFT) has said in a notification that the import policy for copper and aluminium has been amended from “free” to “free with compulsory registration” under the non-ferrous metal import monitoring system (NFMIMS). The NFMIMS will be effective from 12 April, 2021. In line with the import monitoring system for […]

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Drop in sales revenue by 4.7% for non-ferrous metal companies in September quarter

Sales of non-ferrous metal companies contracted by 4.7 per cent in the second quarter (Q2) of this fiscal on account of overall weakness in metal prices, reports Business Standard. Among the non-ferrous metal companies, aluminium firms witnessed 21 per cent contraction in sales. A study by CARE Ratings noted that the average prices of aluminium in Q2 of FY20 […]

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India shifting its exploration focus to deep seated minerals and non-ferrous metals, says official

India has taken a conscious decision to shift the focus of exploration to deep seated minerals and non-ferrous metals, and the move shift is expected to gather momentum in view of the strategic requirement to fuel economic growth, a top official of the Ministry of Mines said. In order to ensure unhindered exploration of minerals in […]

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