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: 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: FED fights inflation; Expects further rate hikes for disinflation to avoid recession
The Fed Reserve is not likely to have the ability to reduce inflation without significantly raising interest rates. Which can causing a recession, According to a report published on Friday. One report of the news paper that explores the history of central banks’ attempts to induce deflation is former Fed Governor Frederic Mishkin. The report […]
ShreeMetalPrices: Russia & Ukraine war: G20 unable to reach a solution
G20 finance leaders are expected to adjourn their conference in India on Sat. Without issuing a common statement because they were unable to agree on how to describe the conflict in Ukraine. They added that despite opposition from the Chinese & Russian delegations. The U.S. & its partners in the G7 group have been determine in their demands that […]
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: 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: China’s development finance to economies reach a 13 Year low.
Due to Beijing’s restrictions on financing for large-scale oil projects, loans made by China’s two primary trade policy banks reached a 13-year lowest of $3.7 billion in 2021. According to a Boston University Global Development Policy Center survey. Export Import Bank of China and China Development Bank commitments to 100 poor countries have decreased each […]
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: LME Zinc Inventories dropped to 30 years low to 19,150 MT
Zinc inventories on the London Metal Exchange (LME) have dropped to their lowest in more than 30 years. But increasing stocks and weak demand in China, the world’s largest consumer of metals, are assisting to ease worries about potential shortages. Closures of certain European zinc smelters in this year because of high electricity prices have […]