Industrial Commodities

Govt's role to enable conditions to boost exports: WB industry secretary

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

Crude oil imports from Russia plunge in December on payment issues

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

Gold price falls Rs 110 to Rs 59,950, silver dips Rs 500 to Rs 73,500

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

India's April-Nov finished steel exports fall 55% YoY on low demand: Report

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

Centre 'modifies' 62 unsold coal mines to make them attractive for buyers

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

Our investment reflects confidence in India's economy: AM/NS India CEO

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

Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

National transporter targets FY24 to close critical project pipeline

ESL Steel capacity expansion by next year: Vedanta's Sunil Duggal

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

India Stonemart 2022 exhibition gets enquiries worth Rs 1,200 crore

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

Quarterly profit $8.8 billion amid surging demand: Taiwan chipmaker TSMC

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 industrial commodities dip after Beijing warns of market crackdown

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

Industrial commodities recover from recent lows as lockdown eases

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%

Brent surges 9.6% in a week on demand recovery hopes, base metals shine

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

UP industrial power consumption inching towards pre-lockdown levels

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

Bring consistency in interpretation of MHA guidelines, say legal experts

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

Coronavirus spreads to industrial commodities, prices decline by up to 9%

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

Industrial commodities rise after US, China call a truce in trade war

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

Industrial commodities dip on broad-based sell-off in stocks, trade tension

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

Industrial commodities drop on oversupply, demand concerns

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

Rebound in industrial commodities

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