ShreeMetalPrices: Iron Ore, Zinc & Lithium turns into big business, But price Have slide deepens
Lithium has had a difficult beginning of this year, with prices in China falling by 30 percent since early Jan. Morgan Stanley attributed the significant price correction to stagnant demand, pointing out that opinions in the market are split as to whether prices will continue to decline or will eventually stabilise.– Iron Ore According to […]
ShreeMetalPrices: Saudi Arabia’s economy grows by 8.7% in 2022; Highest growth rate in last 10 years
Saudi Arabia’s GDP rose by 8.7% in 2022. The highest growth rate among G20 nations. According to a study released by the General Administration for Statistics. The study was cited by the Xinhua news agency as adding that the increase above the maximum 8.3% international estimate & was the greatest yearly rate in the kingdom […]
ShreeMetalPrices: BOJ Governor Kuroda Sticks With Easing policy rates & maintains yield curve control
The Bank of Japan (BOJ) kept interest rates at historic lows on Friday. And said that it would maintain its present pace of yield curve management as it navigates a leadership transition. And contends with a severe recession in the Japanese economy. Both the short & long policy interest rates were maintaine by the central […]
ShreeMetalPrices: Lithium Oversupply & EV Growth Slowed, BHP eyeing Nickle & Copper Project
BHP Group Ltd said on Wed that it is still dedicated to expanding its portfolio of nickel & copper projects. But that it is not interested in the lithium market, which it feels is oversupplied. – Lithium prices The remarks coincide with those made by the largest mining corporation in the world during the previous […]
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: China’s commodity imports justifies mixed picture of future hope & slow reviving
China’s imports of major commodities demonstrated both the possibility of an increase in 2023. And the fact that economic momentum needs time to develop. For the first 2 months of 2023, official customs statistics from the largest commodity importer in the world revealed a mixed picture, with strength in coal & iron ore being offset […]
ShreeMetalPrices: Chile, Codelco to Restart Delayed Copper Salvador Mine Project
Chile, Codelco, the world’s largest copper producer, is attempting to minimise a series of problems that have pushed one of its investment projects behind time and beyond budget. Prior to a tragic accident, pandemic-related delays, and the termination of the company hired to undertake earthworks, the Chilean state-owned company had planned to convert its mostly […]
ShreeMetalPrices: UK’s Economy shows strong signals of recovering; Manufacturing PMI rose to 49.3
The UK’s manufacturing purchasing managers’ index (PMI) increased from 47.0 in Jan & the previous flash forecast of 49.2 to 49.3 in Feb 2023. This was the best purchasing managers’ index figure during that period, despite the fact that it maintained below the neutral level of 50.0 for the 7th consecutive month. For the 1st […]
ShreeMetalPrices: Federal Reserve policymakers warns more rate hikes in 2023
The Federal Reserve (Fed) said that raising interest rates will continue to be implemented in its semi-annual Monetary Policy Report sent to Congress in order to combat excessive inflation. The Federal Open Market Committee (FOMC) resumes rate rises at its meetings in December and January. But according to the report. “It thinks continuous hikes with […]
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 […]