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Metal Prices

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts

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.

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts
Updated On : 07 Sep 2022 | 3:13 PM IST

Vedanta not to prune $2-bn capex target for FY23: CEO Sunil Duggal

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

Vedanta not to prune $2-bn capex target for FY23: CEO Sunil Duggal
Updated On : 24 Aug 2022 | 7:22 PM IST

Gold prices see slight rise of Rs 10, silver falls by Rs 300 in early trade

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

Gold prices see slight rise of Rs 10, silver falls by Rs 300 in early trade
Updated On : 21 Jul 2022 | 9:22 AM IST

Metals' loss is infrastructure and capital goods companies' gain

Interest rate hikes, however, remain a pet peeve

Metals' loss is infrastructure and capital goods companies' gain
Updated On : 21 Jun 2022 | 11:53 PM IST

Hindustan Zinc dips 6% post March quarter results

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

Hindustan Zinc dips 6% post March quarter results
Updated On : 25 Apr 2022 | 12:17 PM IST

Gold prices tumble Rs 200 to Rs 53,033; silver jumps Rs 193

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.

Gold prices tumble Rs 200 to Rs 53,033; silver jumps Rs 193
Updated On : 11 Mar 2022 | 5:01 PM IST

Palladium set for best week in 2 years as Russia supply concerns mount

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

Palladium set for best week in 2 years as Russia supply concerns mount
Updated On : 04 Mar 2022 | 6:01 PM IST

Price buoyancy of base metals expected to continue in 2022: Report

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

Price buoyancy of base metals expected to continue in 2022: Report
Updated On : 13 Jan 2022 | 5:23 PM IST

Metal stocks: Bulls have upper hand, Copper at a five-year high

Demand-supply scenario is favourable and should keep prices elevated

Metal stocks: Bulls have upper hand, Copper at a five-year high
Updated On : 19 Oct 2021 | 3:52 AM IST

Infrastructure spending to push 'base metals' prices higher in 2021

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

Infrastructure spending to push 'base metals' prices higher in 2021
Updated On : 24 Jul 2021 | 11:57 AM IST

Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1 on higher volumes

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.

Hindustan Zinc net profit rises 46% to Rs 1,983 cr in Q1 on higher volumes
Updated On : 22 Jul 2021 | 5:45 PM IST

Metal stocks likely to underperform broader market during H2 2021

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

Metal stocks likely to underperform broader market during H2 2021
Updated On : 22 Jul 2021 | 12:32 AM IST

Getting a breather: High commodity costs give debt relief to PSUs

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

Getting a breather: High commodity costs give debt relief to PSUs
Updated On : 10 Jul 2021 | 12:09 AM IST

Rising commodity prices risk raising costs for India's infra plans

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

Rising commodity prices risk raising costs for India's infra plans
Updated On : 15 Jun 2021 | 9:52 PM IST

Surge in steel price opens up room for companies to increase rates

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

Surge in steel price opens up room for companies to increase rates
Updated On : 21 Apr 2021 | 11:28 PM IST

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

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

Cyclical stocks to lead India Inc's earnings growth in fourth quarter
Updated On : 09 Apr 2021 | 6:10 AM IST

Steady rise in metal prices is a big risk for the automotive industry

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

Steady rise in metal prices is a big risk for the automotive industry
Updated On : 08 Apr 2021 | 1:44 AM IST

Despite price hike, Maruti Suzuki's margin may be hit in April quarter

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

Despite price hike, Maruti Suzuki's margin may be hit in April quarter
Updated On : 24 Mar 2021 | 1:06 AM IST

Limited supplies and high demand may continue to boost metal stocks

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

Limited supplies and high demand may continue to boost metal stocks
Updated On : 23 Mar 2021 | 1:14 AM IST

Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

Metals to crude oil: Consumers face the brunt of commodities price surge
Updated On : 26 Feb 2021 | 6:10 AM IST