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The current demand for zinc in India is 800 to 1,000 tonnes per annum.
Doctors at Delhi's Sir Ganga Ram Hospital said that the patient came to the medical facility's emergency room after complaining of repeated vomiting and abdominal pain for over 20 days and relatives informed them that he had eaten coins and magnets.
The Federal Reserve decided on November 1 to keep interest rates unchanged, faced with a challenge in assessing whether the current financial conditions are sufficiently restrictive to curb inflation.
Integrated zinc production was at 185kt, lower by 2 percent YoY and 12 percent QoQ. Refined lead production was flat YoY at 57kt; it increased 12 percent QoQ on account of pyro plant operations on Lead mode during 2QFY24.
A growing surplus on the one hand and demand worries on the other are dulling the metal's outlook
On a monthly basis, prices have fallen by 2.5%, while the year-till-date decline stands at a substantial 34%. In March 2022, zinc was valued at $4896 per tonne, but by May 2023, the price had plummeted to $2215. The prices have recovered slightly in June to $2370.
Iron ore prices are at a seven-week high. Metals extend gains. China may roll out hefty stimulus to boost domestic demand in the property sector. China's trade shrunk to a 13-month low. Catch the Commodities LIVE with Manisha Gupta to know more.
RSI has emerged above its oversold zone which suggests that there can be a relief rally in Zinc
Iron ore prices hit a three-month low. China keeps a close watch on the iron ore markets as it accounts for 70 percent of the world's Iron ore exports. Copper and zinc hit week lows. Watch Manisha Gupta decode the metal markets on Commodities Live.
Copper prices at a one-month high. Base metals gain strongly in China's GDP at 4.5%. Tune in live with Manisha Gupta as she updates you on the commodities markets.
Markets leaders in cement, zinc, coal and petroleum have reported record volumes for FY23, with some also expanding market share.
Hindustan Zinc said higher production was due to better plant availability and consistent mined metal flow from mines.
Momentum indicators suggest further downside in Zinc
On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by Rs 1.20 or 0.44 per cent at Rs 273.40 per kg in 1,060 lots.
With the US Federal Reserve dialing down its aggressive monetary tightening, contributing to a sharp fall in the US dollar index, investors are more positive on commodities than they have been in recent times.
W shape pattern breakout in prices indicates a further up move. A long trade can be initiated
Gold trades at 5-month highs. Silver At 8 Month High. Catch today's commodity chat with Manisha Gupta to know!
The latest steep fall in oil and metal prices, along with plentiful sowing in both the kharif and rabi crop seasons, is certain to push inflation lower in the next couple of months, according to analysts
The government should raise import taxes to 10%-15% on several aluminium products, including scrap to 10% from 2.5%, the Federation of Indian Mineral Industries (FIMI) said in the note addressed to India's Ministry of Finance.
Looking at the progress of the last few weeks, I can say the government should be able to start the roadshow soon. I would expect it by the end of this quarter itself. Expect it to happen by November or early December.
Vedanta has planned a total investment of around USD 2 billion in its zinc, oil and gas, and aluminium businesses in FY23.
Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles