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As gold steadies and silver gains, investors eye the upcoming US PPI and Consumer Sentiment data, signaling pivotal moments for metal prices. Key Insights Gold holds above $2,000, facing its toughest week since December amid Fed rate cut uncertainties. Silver shines with a 1.9% weekly gain, suggesting investor shift from gold for diversified assets. Copper …

Gold, Silver, Copper Forecast: Price Moves Before US PPI, Consumer Sentiment Read More »

In 2018, the Tamil Nadu govt ordered the closure of the plant after violent protests against the plant resulted in 13 deaths due to police firing The Supreme Court on February 14 orally observed that it could constitute a panel to study the feasibility of restarting the shut Sterlite copper smelting plant owned by Vedanta in …

SC proposes panel to explore restart of Vedanta’s Tamil Nadu copper smelter plant Read More »

Reliance announced XYZ MOU Scheme in PE for the month of February, 2024 as following: 7% to 9% as Rs. X/MT 9% to 11% as Rs. Y/MT 11% and above as Rs. Z/MT The amount of the Scheme will be announced by the month end.

PP PP Fibre & Filament Grade Prices increased by Rs. 2000/MT. All other PP Grades Prices increased by Rs. 1500/ MT. HDPE HD Pipe Grades prices rolled over. All other HDPE Grades prices increased by Rs.1000/ MT. LLDPE All LLDPE Grades prices rolled over.

Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 200/t d-o-d on 30 Jan 24. As per SteelMint’s assessment, HMS (80:20) prices were assessed at INR 34,200/t exy. Scrap suppliers increased their offers on active demand from Bhavnagar-based induction furnace steel mills along with decent trading activities in semi-finished steel.