ShreeMetalPrices: Gold Prices recovers reaches near $2,000 as traders hunts for US inflation data
Gold prices rose on Tuesday after plunging more than 1 percent to the prior day, as the dollar dropped ahead of important inflation data from the United States (US). As of 0115 GMT, spot gold was up 0.4 percent at 1,995.74 dollar per ounce. Futures for United states gold increased 0.6 percent to 2,008.52 dollar. […]
ShreeMetalPrices: Gold Prices holds $2,000 as US Show Signs Of Slowness
Gold dipped on Monday after solid US job data revived expectations for another interest rate increase and boosted dollar. But lingering economic uncertainties maintained safe-haven metal at 2000 dollar per ounce. – Gold Prices By 1040 GMT, spot gold had decreased by 0.3 percent to 2000 dollar an ounce. While United States gold futures delivery […]
ShreeMetalPrices: Iron ore price extends losses over slow China’s steel demand
Iron ore prices fell as a result of weak Chinese steel demand statistics.According to data from consultancy Mysteel, the production of building steel products, such as rebar and wire rod, decreased by 1.05 percent week over week to 4.23 million tonnes in the week ending Apr 6, while the evident demand for both decreased by […]
ShreeMetalPrices: Copper Inventories falls this week but will increase Next Week on Grim demand ahead
The copper inventory in the Chinese markets as of Friday, Apr 7 totalled at 202,300 metric tonnes, up 400 metric tonnes from previous Friday & down 3,900 metric tonnes from Monday. From pre-CNY levels, total inventories increased by 5,700 metric tonnes, rising for 2 weeks in a line. In most places, copper inventories decreased when […]
ShreeMetalPrices: Lithium Output Cuts Back in China After Price Collapse
Lithium prices have collapsed, forcing Chinese companies to reduce production of a crucial battery component at a major industrial hub. According to a story in the Chinese journal Paper. Which did not name any specific enterprises and cited an unnamed source, some lithium manufacturers in Yichun, Jiangxi Province, including 2 significant ones, have slowed down […]
ShreeMetalPrices: BHP’s Xplor to accelerate exploration of Uranium; Says” Uranium – A clear future”
Broken Hill Proprietary (BHP’s) Company Group’s Xplor programme, which supports potential mineral explorers, will extend beyond nickel & copper projects in Sept to include attractive uranium & lithium projects, according to the program’s head. In its 1st year this year, the Xplor accelerator programme selected seven initiatives from around the world that fit with Broken […]
ShreeMetalPrices: China’s Aluminium Ingot Inventory continue to slide
The social inventories of aluminium ingots in China’s eight main markets were 1.04 Million MT as of Apr 6, down to 28K MT from Apr 3 & 50K metric tonnes from the previous week. The amount was also 30K metric tonnes lower than during the same time previous year. Due to the approaching delivery of […]
ShreeMetalPrices: RBI pause repo rate at 6.5% But it could be temporary
The Reserve Bank of India’s (RBI) & the (MPC) Monetary Policy Committee unanimously resolved on Thursday to maintain the policy repo rate at 6.5 percent while remaining prepared to take actions if the need arise. This decision was based on the overall economy and its forecast. As a result, the bank rate and the rates […]
ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 7,250/-
Hindalco Aluminium Decreases it’s Product Prices By INR 7,250/-MT on 06-April-2023 Hindalco Aluminium Ingot Prices Decreases By INR 7,250/-MT today which comes at INR 218,500/-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 7,250/-MT today which comes at INR 230,500/-MT. Hindalco Aluminium Billet Prices Decreases By INR 7,250/-MT today which comes at INR 232,600/-MT […]
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 […]