Metals & Minerals

Minerals in Indian Ocean can turn India self-sufficient in nickel, cobalt

Vast mineral deposits in the Indian Ocean can make India self-sufficient in nickel and cobalt, a top official of the International Seabed Authority (ISA) said on Tuesday. Nickel and cobalt are critical ingredients in the lithium-ion batteries used in most electric vehicles, which are zero-emission automobiles. Praising the Indian government's efforts in this direction through its Deep Ocean Mission, Michael W Lodge, ISA's Secretary-General, also exuded confidence that India can become a global leader in deep sea mining. He was speaking to reporters on the sidelines of International Conference on Seabed Mining', held at the Gujarat National Law University in Gandhinagar. India was one of the very first pioneer investors in deep sea mining, starting from the 1980s. In recent years, there has been enormous progress. Under the Deep Ocean Mission, India's progress was phenomenal. India has the potential to become a global leader in deep sea mineral exploration and exploitation, said ...

India needs carefully crafted multi-dimensional mineral policy: Eco Survey

The country needs a carefully crafted multi-dimensional mineral policy to address the issues posed by uneven distribution of rare earth elements, the Economic Survey on Tuesday said. Cobalt, copper, lithium, nickel, and rare earth elements (REEs) are critical for producing electric vehicles and batteries and harnessing solar power and wind energy. "While the demand for critical minerals is set to increase because of the global preference and emphasis towards renewable energy, the global supply chain of the critical minerals is highly concentrated and unevenly distributed. The skewed distribution of the resource poses a supply risk in the face of its enhanced demand. "A carefully crafted multi-dimensional mineral policy would reduce our dependence and address the problems for the future," the Economic Survey 2022-23 said. The country has resources of nickel, cobalt, molybdenum and heavy REEs, but further exploration would be required to evaluate the quantities of their reserves. Th

Make in Odisha conclave generates investment proposals of Rs 10.5 trillion

Odisha Chief Minister Naveen Patnaik said the Make in Odisha Conclave 2022 had been a great success

Mining & metal companies see reversal of fortune in September quarter

Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

17 mineral mines taken back from states over non-production: Pralhad Joshi

In March, Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2021

India's E&P policy should be liberalised for metals, minerals: Anil Agarwal

The country continues to pay hefty import bills year after year even as the nation is gifted with significant reserves of metals and minerals, the metals and mining magnate noted.

Rajasthan enters uranium mining, issues LoI to Uranium Corporation

The Rajasthan government has forayed into the field of uranium mining by issuing a letter of intent (LoI) to Uranium Corporation of India.

Ensure greater transparency in mineral concession auction: Parliament panel

A parliamentary panel has suggested that greater transparency should be ensured in the auction of mineral concessions with pre-embedded clearances to give a fillip to the auction process

Nifty50 firms' profit may rise 24.8% in Q2, metal & mining will dominate

Index companies in non-cyclical space, other manufacturers likely to report 0.3% YoY decline in net profit

National Mineral Index a likely solution to keep steel prices reasonable

Diversity in grade quality could make index formation difficult, say industry officials

Vedanta, Tata Steel: Steel stocks are showing strong upside. Stay invested

The Nifty Metal index is expected to enter the territory of 4,100 after surpassing the resistance of 3,950-mark decisively

Decoded: Why the industry is unhappy with amendments to mining law

The latest amendments come with the Bharatiya Janata Party-led central government opening up key sec­tors for greater private investment

Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest

Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd

Metal stocks can outperform the market. Here are a few trading strategies

Despite the fall in the Nifty Metal index on Friday, there still are some stock-specific opportunities which you can capitalise on. Here are a few trading ideas.

Production of non-metallic minerals witness slide as mines decline

While metallic minerals grab the limelight for more widespread industrial applications, the non-metallic minerals trump them in value terms

Nickel, iron ore, steel lead rally as metals gather steam in second half

Pressure of domestic Aluminum and copper companies continues, may ease if prices rise sharply

Nalco and IMIDRO to set up aluminium smelter in Iran

With this deal, Nalco is looking forward to use the low-cost gas-based energy available in Iran for conversion of its surplus alumina, presently exported to international markets