Aluminium Prices Inch Up on China’s Favorable Policies Driving Real Estate and Automobile Growth
Aluminium prices edged up 0.88% to 201.7 yesterday, boosted by China’s favorable policies driving growth in real estate, automobile, and related consumption. However, concerns arise as aluminium production in Yunnan is accelerating. And some large smelters are expect to reach full capacity by end of August. Potentially leading to a record domestic operating capacity. Currently, […]
ShreeMetalPrices: Russia is poised to support yuan payments in international trade – Vladimir Putin
Vladimir Putin, speaking alongside his Chinese counterparts Xi Jinping, stated that Russia is prepared to boost the use of the yuan in its international trade. In agreements between Russia and nations in Latin America, Asia, & Africa, we support the use of the Chinese yuan. These yuan payment formats will undoubtedly be establish between Russian […]
ShreeMetalPrices: China’s economic shows disappointing start to 2023
China reported on Wednesday that retail sales growth in the initial two months of this year only met forecasts, and that real estate investment decreased even more.During the months of Jan and Feb, industrial production has increased by 2.4% rather than the 2.6% predicted by analysts. The report show “stable rather than increasing momentum. Which […]
ShreeMetalPrices: After Foxconn, Is Intel Planning India for semiconductor manufacturing plant?
Worldwide efforts are being made to bring semiconductor manufacturing in-house. India with its Rs 76,000 crore Financial incentive plan. India is attempting to bring the whole chip ecosystem—not just manufacturing—to the nation. Leading foundries, which produce semiconductors, are already boosting their manufacturing capacity in anticipation of the increasing demand for semiconductors in the upcoming years. […]
ShreeMetalPrices: Indonesia Grasberg Copper & Gold Mines have Resumed its Operations.
Copper Miner Freeport Indonesia has resumed operations at its massive Grasberg mines in Indonesia’s Papua area after it was flooded, according to a company representative on Wed. Yesterday, copper dropped -1.69% to 763.00. In February, the business forced to halt operations at its flagship mine when mudslides and torrential rains destroyed the infrastructure. The processing […]
ShreeMetalPrices: IEA Forecasts China’s Demand could Increase the Prices of Natural Gas in 2023
The International Energy Agency (IEA) warned on Tuesday that natural gas prices might rise in 2023. As Asia, notably China, resumes its demand for liquefied natural gas (LNG). Natural gas prices have declined in recent months. While being high by historical standards, as a milder-than-expected winter maintained storage levels strong & increased supply in Europe. […]
ShreeMetalPrices: China Accelerating wind & Solar energy Generation, increased its supply of renewable energy
China has been the world’s biggest and most rapidly expanding manufacturer of renewable energy for some more than ten years. However since 2021, a sharp acceleration in the expansion of wind capacity has helped it increase its edge over rivals internationally. According to research from think tank Ember, China. The world’s second-largest industry for wind […]
ShreeMetalPrices: US Targets Russian Metals, Primarily Aluminium With 200% Duties Imposed
The U.S. has expanded its economic sanctions against Russia to include the mining and metals industries. Aluminium would be struck the hardest, with 200% duties imposed on Russian metal imports beginning from March 10 and on any 3rd-country product incorporating Russian metal from Apr 10. Other metal import duties, including those on copper, lead, and […]
ShreeMetalPrices: China PMI manufacturing shrunk in Dec, with the worst economic growth since 2020.
China’s manufacturing activity fell for the third consecutive month in Dec. At the fastest rate in nearly 3 years. As COVID infections surged through manufacturing industry across country following Beijing’s rapid reversal of Zero-Covid policies. According to the National Bureau of Statistics, The official PMI decreased from 48.0 in November to 47.0 on Saturday. Economists […]
ShreeMetalPrices: China is Struggling with 1 million COVID Cases in a Day
China is possibly dealing with 1 million Covid infections & 5,000 fatalities every day as per recent analysis, it battles what is likely to be the largest outbreak the world has ever seen.For the 1.4 billion people living in the country, things could get significantly worse. According to Airfinity Ltd. A London-based research company that […]