ShreeMetalPrices: After Foxconn, Is Intel Planning India for semiconductor manufacturing plant?
Worldwide efforts are being made to bring semiconductor manufacturing in-house. India with its Rs 76,000 crore Financial incentive plan. India is attempting to bring the whole chip ecosystem—not just manufacturing—to the nation. Leading foundries, which produce semiconductors, are already boosting their manufacturing capacity in anticipation of the increasing demand for semiconductors in the upcoming years. […]
ShreeMetalPricers: Argentina’s Inflation Peaked, Cost of Living has doubled since last year
Argentina’s inflation rate is expected to reach 99.9% in 2023. Faster than the previous year’s rate & beyond earlier projections of a little slower growth. According to a central bank survey of analysts released Friday. The prediction comes during a protracted economic and social crises in one of Latin America’s biggest countries and is 2.3 […]
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: When will the US Federal Reserve Meet for Rate Hike in March ?
The Federal Open Market Committee (FOMC) will meet again in March. On March 21 and 22, the FOMC will gather to consider the US Federal Reserve’s (Fed) next move regarding a rate hike. On March 22, the decision to raise rates for March will be made public. The The Federal Open Market Committee (FOMC) would […]
ShreeMetalPrices: Pakistan’s central bank raises the Interest Rate by 300 bps as country faces greatest inflation in 50 years
Pakistan’s central bank hiked its benchmark interest rate by 300 bps on Thursday. Surpassing investor forecasts, as the cash-strapped government strives to persuade the International Monetary Fund (IMF) to release essential loans. Consumer price inflation (CPI) has reached its highest level in over 50 years. The benchmark rate of the State Bank of Pakistan (SBP) […]
ShreeMetalPrices: IEA Forecasts China’s Demand could Increase the Prices of Natural Gas in 2023
The International Energy Agency (IEA) warned on Tuesday that natural gas prices might rise in 2023. As Asia, notably China, resumes its demand for liquefied natural gas (LNG). Natural gas prices have declined in recent months. While being high by historical standards, as a milder-than-expected winter maintained storage levels strong & increased supply in Europe. […]
ShreeMetalPrices: Gold Deposits Found in Odhisa in Three Different Regions
Odisha is once again in the spotlight for its deposits of precious minerals & metals, which account for 98% of the country’s chromite resources. And it’s gold this time. 3 Gold deposits have been discovered in three different regions within the state, mines & Steel Minister Prafulla Mallik said the state Assembly on Monday. In […]
ShreeMetalPrices: HINDALCO INCREASES ALUMINIUM PRICES BY Rs. 4,750/-
Hindalco Aluminium Increases it’s Product Prices By INR 4,750/-MT on 02-March-2023 Hindalco Aluminium Ingot Prices Increases By INR 4,750/-MT today which comes at INR 224,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 4,750/-MT today which comes at INR 235,850/-MT. Hindalco Aluminium Billet Prices Increases By INR 4,750/-MT today which comes at INR 238,850/-MT […]
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 […]