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: Sudbury Mines discovers fresh resources of copper, nickel, cobalt, palladium, gold, and platinum
Magna Mining, a Sudbury-based prospective metals producer has found a new mineral area close to the surface at the old Inco mining area. This winter, a drill programme was start by a local company to determine how much life remains in the once-productive Crean Hill mine. Which is located in the southeast part of the […]
ShreeMetalPrices: U.S. announces additional crude oil reserve release that lead oil prices to drop.
After the U.S. government announced it will release additional crude oil out of its Strategic Petroleum Reserve, oil prices dropped on Tuesday. Traders are now keeping an eye on U.S. inflation statistics in expectation of further declines. By 1005 GMT, Brent crude futures had down by 80 cents, with 0.9%, at $85.81 per barrel. Whereas […]
ShreeMetalPrices: Indian government will borrow funds in 2023-24 to a record high of 16 trillion rupees
According to a survey of economists, the Indian government would borrow a historic record of 16 trillion rupees “$198 billion” in the fiscal year 2023-24. The economists surveyed believed that infrastructure investment and fiscal responsibility should be the government’s top budget goals. Since Prime Minister Narendra Modi entered power, his administration has spent significantly to […]
ShreeMetalPrices: India on Covid-19 Alert, will review the issue as cases surge in the US, China, and Japan
Following an increase in Covid-19 infections in the US, Republic of Korea, Brazil, & China, Health Minister Mansukh Mandaviya is expected to assess the country’s coronavirus status on Wednesday, December 21. Senior officials and specialists would most likely meet with Mansukh Mandaviya to discuss the Covid-19 situation in the nation. According to official sources, Minister […]
ShreeMetalPrices: RBI Conducts MPC Meeting to Discuss and Formulate Report on Inflation.
The Reserve Bank of India’s Monetary Policy Committee (MPC) met out of turn to review and compile the report required under Section 45ZN of the RBI Act, 1934 & Regulation 7 of the RBI MPC & Monetary Policy Process Regulations 2016. Which will be delivered to the government and explain why it failed to maintain […]
ShreeMetalPrices: Crown Prince Mohammed bin Salman of Saudi Arabia is expected to visit India in November.
The crown prince Mohammed bin Salman of Saudi Arabia, is most likely to travel to India for a quick visit in the middle of November. The trip’s main objectives are likely to be the effects of the crisis in Ukraine, particularly with regard to energy security. As well as bilateral trade & investments. (Read More) […]
ShreeMetalPrices: Important Indian and Global MacroEconomic Data are to be Released on these Dates.
The upcoming week is jam-packed with numerous domestic and international macroeconomic data, as well as the beginning of India Inc.’s corporate earnings for the September quarter. Dalal Street will also closely monitor changes in the INR, crude oil prices, FII flows, Futures & Options cues, and geopolitical tensions. According to Ajit Mishra of Religare Broking, […]
ShreeMetalPrices: The central bank of India will Shortly Test Launch a Digital Version of Indian Currency.
The Reserve Bank of India (RBI), which is India’s central bank, announced that it would shortly start a pilot programme to introduce a digital version of the rupee for particular use cases.The RBI stated in an official letter that it has also produced a concept note on Central Bank Digital Currency (CBDC) that intends to […]