Metals

The company clocked in the highest-ever first-quarter mined and refined metal production

China will also establish a information system to track circulation of rare earth products

West Asian nation now India's largest source of silver imports

The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25

Metals and mining giant Vedanta Resources Ltd on Friday said it has made an upfront payment of USD 779 million to its bondholders and completed repayments as part of the debt restructuring exercise. The upfront payment to the bondholders was made on Wednesday, Vedanta Resources Ltd (VRL) said in a statement. VRL has completed repayments to its bondholders on February 7, 2024, in line with the consents it received earlier in the year in which maturities of USD 3.2 billion in bonds were successfully extended to 2029, the statement said. "Vedanta Resources has successfully made an upfront payment of USD 779 million in cash on February 7 to bondholders to redeem a portion of the bonds, and extend their maturities," the company, promoted by billionaire Anil Agarwal, said. It has also paid a consent fee of USD 68 million to the bondholders who had agreed to the restructuring, the company said. Vedanta in January received consent from bondholders to restructure four series of bonds to ea

The junk-rated miner said last week its bondholders approved the changes after months of talks to tackle more than $3 bn of bonds maturing in 2024 and 2025

JSW's consolidated crude steel production was at 1.94 MT in the same month last year

Investors must, however, be prepared for greater volatility in white metal

So far, the rally in gold prices, driven by conflict in West Asia, is not sustaining because the US appears to have deterred Iran from escalating the conflict through its proxies

Metal stocks continued to rally last week, despite weakness in the overall market

Saffron and silver varq are used by sweetmakers to provide Indian sweets with a luxurious feel

What is good for copper, because of the EV segment, is bad for crude oil

Gupta formally filed his court challenge Friday seeking to lift a $625 million asset freeze against him, his spokesman said without providing further details of his defense

While the review is ongoing, JPMorgan has already scaled back its base metals business substantially, according to people familiar with the matter

In 2021, steel exports from the two countries stood at about 48 million tonnes, accounting for around 10% of global steel trade

Metals company Manaksia Limited has returned to black posting a Rs 62 crore net profit in the December quarter, mainly on account of higher income. The company had posted a net loss of Rs 65 lakh in the October-December period of the preceding 2021-22 fiscal, Manaksia said in a regulatory filing on Tuesday. Its total income jumped to Rs 34.38 crore in the quarter ended December 31, 2022 from Rs 7.41 crore in the year-ago quarter. Total expenses were at Rs 31.42 crore, as against Rs 7.44 crore a year ago. Kolkata-based Manaksia is the flagship company of the Manaksia Group. It is also involved in the manufacturing of galvanized steel, metal colour-coated sheets & coils and aluminum alloy ingots for the automotive sector.

Equity benchmarks extended their rally for the second straight session on Wednesday amid buying in index heavyweights HDFC twins and fresh foreign funds inflows.

There's an obvious need to diversify sources of rare earth minerals but, despite new finds in Sweden, China will remain the go-to supplier for the foreseeable future

With markets near all-time highs, which sectors should you bet on?

The index has rallied over 20% from its 52-week low led by metals, financials and FMCG shares. Do these sectors have enough legs to take the indices further higher or is it time for sector rotation?

Metal stocks: Will export duty rollback help?

India has decided to remove export duty on steel, and steel making raw material. While industry has welcomed it, analysts do not see any benefit in the near term. How will related stocks be impacted?