ShreeMetalPrices: UBS buys Credit Suisse in $3.25B to halt banking turmoil
The acquisition of Credit Suisse with UBS will produce a banking titan unprecedented of in Switzerland’s history, where in banking is a vital part of country’s identity. Here are the key terms of the 3.25 billion dollar settlement. Which was reached on Sunday following protracted negotiations involving the govt, financial watchdogs, and the central bank. […]
ShreeMetalPrices: Nexa Resources has halted operations at its Cerro Lindo zinc mine due to Cyclone Yaku
Major zinc miner Nexa Resources revealed yesterday that the production at Cerro Lindo mines in Peru has been interrupted. Due to unusually high rainfall conditions and overflowing rivers induced by Cyclone Yaku. That’s been hitting the region alongside other regions of the country. According to a news release from Nexa. Parts of the mine’s lower […]
ShreeMetalPrices: UK Might Avoid Recession This Year, Economy Still Poised to Slow Recovery: BCC
The British Chambers of Commerce (BCC) said on Wednesday that the nation’s economy is on pace to contract less than anticipated this year. And avoid the two consecutive quarters of negative growth that signify a technical recession. – uk The more optimistic perspective coincided with recent improvements in consumer confidence statistics and purchasing managers’ index […]
ShreeMetalPrices: Commodities Market Outlook – May Rise Next Week Prospects on China’s Economy Recover
Markets were more volatile In the week ending March 3. As a fresh batch of positive United states economic statistics impacted on risk appetites. And investors grew more optimistic about stimulus announcements at China’s National People’s Congress (CNPC). After 4 weeks of gains, the Dollar index ended the week with a small dip. It had […]
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: 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: Oil & Commodities Steadies Hopes on China’s & U.S. Data
The oil industry has been waiting for data to confirm that China is purchasing crude as never before since COVID restrictions were lifted in the top crude importer in the world about 4 weeks ago. Investors will get a first impression of how China’s economic reopening is doing based on the PMI statistics released on […]
ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 5,500/-
Hindalco Aluminium Decreases it’s Product Prices By INR 5,500/-MT on 24-February-2023 Hindalco Aluminium Ingot Prices Decreases By INR 5,500/-MT today which comes at INR 225,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 5,500/-MT today which comes at INR 236,850/-MT. Hindalco Aluminium Billet Prices Decreases By INR 5,500/-MT today which comes at INR 239,850/-MT […]
ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 3,750/-
Hindalco Aluminium Increases it’s Product Prices By INR 3,750/-MT on 22-February-2023 Hindalco Aluminium Ingot Prices Increases By INR 3,750/-MT today which comes at INR 231,250/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 3,750/-MT today which comes at INR 242,350/-MT. Hindalco Aluminium Billet Prices Increases By INR 3,750/-MT today which comes at INR 245,350 […]
ShreeMetalPrices: Copper Prices Regain; Reaches a 6-Month High – China’s opens its border
The copper prices went up to the more then 6 month high on Monday on demand forecasts improved following China’s reopening of its borders. On Comex exchange in New York, copper on delivery for March increased by 3%, reaching $4.03 a pound or $8,866 per metric ton. At $8,710 earlier in the day, 3-Month copper […]