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Tag: industry profits

  • Indian Market

India’s manufacturing PMI decreases to a 14-month low of 56.3 in February.

guna@fastura.com4 months ago04 mins

According to statistics issued by S&P Global on Monday, manufacturing activity in India decreased to a 14-month low of 56.3 in February from 57.7 the month before. A slight loss of momentum in new orders and manufacturing was blamed for the decline. The manufacturing PMI continues to show a strong increase in the sector’s overall…

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  • Commodity Market

Supply concerns have driven up the prices of aluminum

Mahalakshmi@fastura.com1 year ago01 mins

Aluminum prices rose by 0.93% to settle at 237.75 due to supply concerns from sanctions on Russian metals. The London Metal Exchange (LME) and Chicago Mercantile Exchange (CME) were prohibited from accepting new Russia-made aluminum, copper, and nickel. This led to dwindling aluminum stocks to 171,200 tones, the lowest level since August 2022. China’s demand…

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