Metal Prices

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.

Oil-to-metals conglomerate Vedanta Ltd on Wednesday said that it will not prune its USD 2 billion capex target for the current financial year despite falling metal prices. Vedanta has planned a total investment of around USD 2 billion in its zinc, oil and gas, and aluminium businesses in FY23. "We are going ahead (with the capex target for the current fiscal). We cannot stop the project in between and these are all the brownfield projects where the returns are very good and this will make our operation more effective, more productive, more efficient," Vedanta's Chief Executive Officer Sunil Duggal said. Duggal told reporters here on the sidelines of the second day of the conference on the Indian minerals and metals industry organised by NMDC and FICCI. The metal prices, Duggal said, have come down on account of various geopolitical events. Asked whether the metal prices will shoot up in the coming days, he replied, "If the fundamentals are strong than naturally the prices are goin

Silver, on the other hand, witnessed a fall of Rs 300 as compared to previous day's rate. One kg of silver is currently selling at Rs 55,600

Interest rate hikes, however, remain a pet peeve

Brokerage firm Motilal Oswal Financial Services believes Hindustan Zinc to reach peak mine output after management guides flat production growth in FY23.

Gold tumbled Rs 200 to Rs 53,033 per 10 grams in the national capital on Friday in line with weak international precious metal prices, according to HDFC Securities.

Russia accounts for 40% of global production of the auto-catalyst metal used in catalytic converters to curb vehicle emissions

The price buoyancy of base metals is likely to continue in the calendar year 2022, as low visible inventories and demand-supply gap may insulate against any sharp rate corrections

Demand-supply scenario is favourable and should keep prices elevated

Robust demand recovery amid gradual supply increase is expected to push base metal prices higher on a year-on-year basis in 2021

Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes.

The dollar-denominated hot rolled steel prices in China are up 27 per cent in 2021 against 13.4 per cent rise in S&P 500 index, but some analysts are turning cautious

Combined net debt stood at Rs 6.83 trillion at the end of March 2021

Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways

Steel prices started rallying from March after the Chinese New Year holiday

The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago

Analysts expect more pain for automakers since prices of steel and non-ferrous metals, such as copper, aluminium, and zinc, have increased further in three months

Company can afford to pass on cost of increasing cost of metal prices, but investors will now put it under watch of analysts

The BSE metal & mining index is up 144 per cent since the end of March 2020

Durables makers hike prices to offset input costs