ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 3,500
Hindalco Aluminium Decreases it’s Product Prices By INR 3,500/-MT on 14-February-2023 Hindalco Aluminium Ingot Prices Decreases By INR 3,500/-MT today which comes at INR 226,750/-MT. Hindalco Aluminium Alloy Wire Rod Prices Decreases By INR 3,500/-MT today which comes at INR 237,850/-MT. Hindalco Aluminium Billet Prices Decreases By INR 3,500/-MT today which comes at INR 240,850/-MT […]
ShreeMetalPrices: HINDALCO DECREASES ALUMINIUM PRICES BY Rs. 3,250/-
Hindalco Aluminium Decreases it’s Product Prices By INR 3,250/-MT on 03-February-2023 Hindalco Aluminium Ingot Prices Decreases By INR 3,250/-MT today which comes at INR 241,500/-MT. Hindalco Aluminium Wire Rod Prices Decreases By INR 3,250/-MT today which comes at INR 252,600/-MT. Hindalco Aluminium Billet Prices Decreases By INR 3,250/-MT today which comes at INR 255,600/-MT SHREE […]
ShreeMetalPrices: Nonferrous Metals Prices Dropped with Insufficient Momentum; US Fed Rate Decision, China NBS
Nonferrous Metals Prices are mostly dropping with insufficient rising momentum. The Federal Reserve (Fed) announced the federal funds rate is raised by 0.25 basis points. With that, the target range is now 4.5%–4.75%. Which is the highest level since Oct 2007. Federal Reserve chairman Jerome Powell stated, “With our expected economic forecast, I don’t think […]
ShreeMetalPrices: Copper Rises as Inventories Fall & China’s COVID-19 Curbs Weigh.
Due to low inventories, copper prices increased a little bit on Tuesday, although gains were restrain by China’s desire to uphold its stringent zero-COVID policy. As of 0755 GMT, the most traded December copper contract on the (SHFE) Shanghai Futures Exchange was up by 0.3% at 65,780 yuan ($9,061.11) a metric tonl. While the 3 […]
ShreeMetalPrices: US midterm elections 2022: Why do they matter so much?
The results of the US election on November 8 could significantly affect the course of the country as well as the future of the individual as well as the party in control of the White House. The midterm elections determine who controls Congress in addition to state legislatures and governorships; Joe Biden isn’t on the […]
ShreeMetalPrices: Dollar Increases as China Upholds Strict COVID Policy, Reducing Risk Perception
The expectation of an eventual reopening in the second-largest economy in the world. Which had earlier sparked a wide surge in riskier assets, was dashed after China indicated it is sticking itself with severe COVID restrictions. The dollar Increases on Monday as confidence worsened. Even though the COVID-19 outbreak has been going on for nearly […]
ShreeMetalPrices: Chinese EV manufacturer is forced to halt production due to Covid -19 restrictions
Due to Covid limitations and the most recent spike in infections in the nation, China’s Nio, an EV manufacturer, has halted production. (Read More)According to a company spokesman. “The news that manufacturing at Nio’s factories has been temporally pause is correct and this will have an effect on manufacturing and delivery dates.“ The latter referenced […]
ShreeMetalPrices: RBI Governor; Rupee has acted in a disciplined manner.
RBI Governor Shaktikanta Das said on Wednesday that despite the rupee recent downward trend. Which saw it even cross the 83 level against the US dollar, the Indian currency had behaved orderly and that its trajectory shouldn’t really be taken emotionally. During his speech at the FICCI Banking Summit in Mumbai. Das predicted that capital […]
Global Economic Challenges: A Decade Ahead in a Changing World
Russian President Vladimir Putin’s recently shared his views on global economic and geopolitical conditions. He described this decade as one filled with various economic and strategic challenges. According to him, many countries may face economic instability, energy supply issues, and fluctuations in international markets. Experts believe that maintaining balance in the global economy requires cooperation […]
ShreeMetalPrices: Copper is approaching a prolonged shortage as demand exceeds supply.
By an end of this decade, according to BHP’s CEO, the metal industry may be in deficit.The world’s biggest miner predicts that by the end of this decade. The copper market could be in deficit as the energy revolution quickens and the metal has become more difficult to mine. The threat is there will be […]