Morning Brief: As part of its pledge to achieve net-zero carbon emissions by 2070, India is committed to a set of Nationally Determined Contributions (NDCs). SAIL planning to cut CO2, Some of India’s most ambitious commitments in the short- to mid-term include 1 billion tonnes (bnt) of cumulative emissions reduction and achieving 50% of renewables capacity […]
India’s leading manganese ore producer, MOIL, has announced new prices effective 1 November 2024. Grades above 44% will experience a 7% price reduction, while grades below 44%, including SMGR and fines, will be lowered by 1% m-o-m. Factors impacting MOIL’s price revision Imported ore prices drop m-o-m: Monthly average prices of South African manganese ore (Mn37%) […]
Hot-rolled coil (HRC) prices fell by up to INR 500/tonne (t) ($6/t) this week to INR 48,300-50,000/t ($575-595/t), amid subdued market activity, characterised by limited demand and need-based buying. Conversely, cold-rolled coil (CRC) prices exhibited stability, maintaining a range of INR 55,700 to 59,100/t ($663-703/t) across various regions. BigMint’s benchmark assessment (bi-weekly) for HRCs (IS2062, […]
At the close of trading on Friday, 27 September 2024, base metals prices on the London Metal Exchange (LME) showed positive trends barring copper. Nickel recorded the largest gain in terms of prices, increasing by 5.86%. Meanwhile, LME warehouse stocks exhibited negative trends, except nickel which rose 1.26%. On the LME, three-month aluminium futures increased […]