Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart
Any trend reversal for crude oil will only be validated below the 4,350 region
The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 per cent as compared to Q3 FY20
Zinc, aluminium poised for correction as prices move ahead of fundamentals
Under the MoU, Hindustan Zinc will cater to both Tata Steel & Tata Steel BSL
Company's bottom line takes a hit even as expenses decline 16% YoY; net sales down 4.3%
On the daily scale, Zinc has witnessed a crossover of 20 and 50 EMA, suggesting fresh sign of bullishness
Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state. The project will entail an investment of up to Rs 10,000 crore. Spread over 415 acres, the facility will entail an investment of Rs 5000- 10,000 crore in phases, creating more than 5,000 direct and indirect jobs and will be operational by 2022, HZL said in a statement. "HZL...signed a Memorandum of Understanding (MoU) with Government of Gujarat to set up 300 KTPA (kilo tonnes per annum) greenfield zinc smelter at Doswada, GIDC (Gujarat Industrial Development Corporation)," the statement said. The new facility - the first for Hindustan Zinc in Gujarat - will be set up with zero discharge technology and will be among the lowest-cost smelters in the world. This is one of the largest MoUs signed by the state under the States new industrial policy, which gives extra benefits to the companies investing in backward tribal districts,
Crude oil has made 'Piercing line' candlestick pattern on daily scale, which has bullish implementation
Giving an update on its zinc production in the country, the company said the "mined metal production for Q1FY21 was 202,000 tonnes
Covid-19 outbreak drags aluminium prices by 16%, zinc by 23%, copper by 20%
According to a source close to the development, the railway requirement will be about 1,000 track kilometre or approximately 120,000 tonnes of zinc every year
Decline in silver over 3%, gold holds fort with a marginal loss
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
A notification is drafted at a junior level and goes through several layers in the bureaucracy before it is signed by the minister
Zinc coated (galvanized) steel is the most effective and inexpensive way to protect steel from the corrosive effects of weather, temperature and oxygen
Ongoing US-China trade war weighing on prices even as production declines by 1.1% y-o-y in Jan-Jun, while consumption grows by 2.3% in the same period
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
Zinc, used to rustproof steel, has jumped 38 per cent this year to become the best-performing industrial metal