According to a memo sent to the government and obtained by Reuters, India’s largest mining sector organisation is asking for increased import levies on metals like zinc, copper, and aluminium to help slow the flow of less expensive imports, particularly from China. The Federation of Indian Mineral Industries (FIMI) stated in a note written to…
Hindustan Zinc Ltd. (HZL), which is owned by Vedanta, posted a consolidated net profit of Rs. 2,680 crores, up roughly 33% yoy. On account of increasing volumes of refined metal and silver, advantages from strategic hedging, higher zinc prices, and favorable exchange rates, operating revenue increased by Percent yoy to 8,336 crores. The CEO of…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
Lead prices reached a seven-week high on Thursday stockpiles fell amid concerns about smelter closures. Copper and zinc prices also increased as a result of limitations placed on metal from a Russian business by the London Metal Exchange (LME). Trading was choppy as investors also tried to factor in potential loss of demand from aggressive…
Zinc – the fourth most consumed metal worldwide after iron, aluminium and copper is witnessing an uptrend with a four per cent week-on-week increase in global prices. There has been a similar hike in India, too. Zinc cash prices in the LME was at $3,896 per tonne up 4% and the three month contract price…
Arun Misra, CEO of Hindustan Zinc, Stating that Zinc prices are expected to stay “strong” and are not likely to come down very soon. One of the largest zinc–lead producers, said that there could, however, be some “fluctuations here and there”. In FY22, LME prices of zinc and lead were up 36.5% and 15.7% respectively….
Gold fell in Asia on Friday morning but advanced for the fourth week in a row. The U.S. has warned that any inflation will be intermittent and that the central bank will continue to support the economy. The yellow metal was elevated at the urging of Federal Reserve Chairman Jerome Powell. Gold futures were down…
Gold is heading for a third weekly uptrend, taking refuge in concerns about the proliferation of the Covit-19 category and the prospect of a long-term Deutsche monetary policy. Bullion is pulling back investors after a dark June, fearing the world’s exit from the epidemic could be more prosperous than expected. Renewed virus fears around the…
Gold fell in Asia on Thursday morning, hitting the US. As investors continue to digest the Federal Reserve from its latest policy meeting. The strengthening dollar and the lower U.S. Treasury yields and lower profits for the yellow metal. Gold futures were down 0.30% at $ 1,796.65. The dollar, which normally moves against gold, rose…
Gold reached a three-week high in Asia on Wednesday morning during the previous session. The U.S. The weak dollar has encouraged the yellow metal as investors await minutes from the Federal Reserve’s recent policy meeting. During the previous session, gold futures rose 0.25% to $ 1,798.60 from June 17. The dollar, which normally moves against…
