ShreeMetalPrices: India’s CPI inflation dips to 6.44% in Feb, Still high from RBI’s tolerance limit
According to information made public by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, India’s Consumer Price Index (CPI), also known as retail inflation, eased to 6.44 % in February and continued to exceed the Reserve Bank of India’s (RBI) tolerance level for the 2nd consecutive month. For the 2nd month in a […]
ShreeMetalPrices: India, US inks MOU on semiconductors; Will help merging into global alliances
The United States CHIPS & Science Act & India’s Semiconductor Mission in view. India and the United States will develop a collaboration framework between 2 govts on chip supply chain flexibility and diversification.Using the complementary capabilities of both nations. The plan aims to promote business prospects and the growth of chip innovation ecosystems through conversations […]
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: 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: 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 […]
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. […]
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 […]