Industrial Commodities

The West Bengal government on Friday said its export and logistics policies will strengthen the state's export sector, which currently generates approximately USD 11.7 billion in merchandise exports. At the launch of the Kolkata chapter of the National Centre for Export Promotion (NCEP), Bengal Industry and Commerce Secretary Vandana Yadav highlighted that engineering goods exports alone account for nearly USD 3.5 billion. Addressing industry representatives at the Institute of Indian Foundrymen (IIF), Yadav emphasised that the policies are designed to create favourable conditions for the private sector, which drives 100 per cent of the state's exports. "The government's role is to enable conditions whereby you can export more," Yadav said, noting that the focus is on sustaining traditional sectors like the foundry industry while integrating modern, knowledge-based methods. She described the establishment of the NCEP as a timely initiative to enhance traditional skills and provide

After rising to an all time record of 2.15 million barrels a day in May, oil imports from Russia fluctuated downwards, experiencing a sharp decline between November and December

The price of 22-carat gold also dipped Rs 100, with the yellow metal selling at Rs 54,950

India's finished steel exports more than halved during the first eight months of the current fiscal year that began in April, according to the latest government data reviewed by Reuters

Out of the 141 coal blocks which the Centre has put up for commercial auction, 62 mines are old which had gone unsold during previous attempts; hence they have been modified

ArcelorMittal and Nippon Steel, has embarked on an expansion that includes increasing capacity at its existing location, Hazira in Gujarat, and setting up new plants in Odisha

National transporter targets FY24 to close critical project pipeline

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

As many as 1,400 B2B (business-to-business) meetings were held with 116 buyers from 19 countries, and 30,000 visitors came to the show

Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said on Thursday that its quarterly profit rose 79.7 per cent over a year earlier to USD 8.8 billion amid surging demand. Quarterly revenue rose 47.9 per cent over a year ago to USD 19.2 billion, the company reported. TSMC, headquartered in Hsinchu, Taiwan, makes processor chips for brands including Apple Inc. and Qualcomm Inc. Chipmakers are benefiting for demand for next-generation telecoms, high-performance computing and chips for use in products from cars to medical devices. TSMC announced plans last year to invest USD 100 billion over the next three years in manufacturing and research and development. Most semiconductors used in smartphones, medical equipment, computers and other products are made in Taiwan, South Korea and China. That has prompted concern among American officials about reliance on supplies that might be disrupted by conflict betw

China's main industrial commodities tumbled on Thursday after the government announced stepped-up measures to keep a lid on soaring raw material prices which threaten to undermine economic recovery

Prices surge 3.5-12% from recent lows about a month ago with silver futures topping recovery chart among metals; crude futures for near-month delivery surged by as much as 41.7%

Huge stimulus provided by economies across the globe is likely to put more money in consumer's hands, due to which gold and silver prices may spurt further

Nearly 85% of the state's industrial units have resumed operations

Experts pointed out the guidelines should have been clearly worded to avoid divergence in its interpretation among various state departments

Base metals, energy, rubber and silver decline on weak demand following extended Chinese new year holiday

Qatar's move to exit Opec and possible cut in supply to rein in surplus might keep these prices up

Base metals and energy shed up to 3% on Thursday, declining for the second day in a row at the LME, Nymex and Shanghai Futures Exchange

Chinese steel and iron ore futures sank to their lowest since March

Iron ore jumps 16% in Feb, zinc & tin by 7%, on return of Chinese traders into market; experts unsure if trend would sustain