Copper, enjoying much superiority over any other metal in electrical and thermal conductivity and also ductility, is today about four times as expensive as aluminium.
The governments high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three...
Minutes of crucial screening committee meetings raise several questions.
There has been a sharp rise in import of silver in Gujarat for the year 2011-12 compared to the previous year owing to better returns on investments in the precious metal.
Protesting the decision of the state government to impose VAT (value added tax) at an enhanced rate of 5 per cent on textiles and sugar, the traders in the state have threatened to stop importi...
Copper inventories in warehouses monitored by the Shanghai Futures Exchange rose to their highest in nearly a decade, data showed yesterday, suggesting oversupply in top copper consumer China where demand has been slower than expected.
The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and a further rise is unlikely in the near future.
Gold traders are the most bullish in two months after mainland China imported the most metal ever from Hong Kong and investors bought US bullion coins at the fastest pace in more than two years.
Essar Group today said it has emerged as a leading iron ore reserves owner in North America with confirmation that its Minnesota Project contains 1.77 billion tonnes of reserves.
Increase in duty upsets mining firms, but steel companies set to benefit after complaining about lack of supply for months.
Starting the week on a bearish note on Monday by extending losses for the second straight session, silver fell Rs 50 to Rs 52,500 a kg on sustained selling by stockists on subdued demand. However, gold held steady at Rs 28,040 per 10 grams in restricte...
Palladium, used mostly in catalytic converters for vehicles, beat most other commodities this week after US car sales expanded at the fastest pace in more than two years.
The Coal Ministry has indicated that certain coal blocks out of 54 acreages that were tipped to be put up for competitive bidding will be awarded on a nomination basis instead.
State-run NTPC is planning to strike a long-term offtake deal with coal companies abroad, to match its increasing demand.
14:31 IST Lead prices fell by 0.44% to Rs 114.25 per kg in futures trade today amid a weak trend at the domestic spot market amid subdued demand from consuming industries. At the Multi Commodity Exchange, October lead fell by 50 paise, or 0.44%, to Rs
11:43 IST Copper prices fell by 0.37% to Rs 421 per kg in futures trade today as speculators reduced their positions amid a weak trend on the London Metal Exchange on concerns about demand. At the Multi Commodity Exchange, November copper declined by Rs
Reeling under raw material shortages and the extension of a mining ban, the multi-billion dollar Karnataka steel industry is in the doldrums due to continuing uncertainty over iron ore supply to their plants. The jittery industry was not even optimistic over the release of 25 million tonne (MT) of iron ore, lying at various mines in the southern state, as the modalities are yet to be worked out.
At a time when the country is embarking on ambitious power generation programmes, the shortage of coal is expected to impact new capacity addition plans to the tune of 15,000 MW in the current fiscal.
Asia's commodities business is still largely insulated from looming fears of yet another global financial crisis, although new projects might face difficulties in getting financing.
13:55 IST Silver prices climbed by Rs 455 to Rs 61,450 per kg in futures trade today as traders indulged in creating fresh positions in tandem with a firm global trend. At the Multi Commodity Exchange, silver for December delivery shot up by Rs 455, or
The world's largest coal miner Coal India Ltd has zeroed in on two overseas coal assets, one in Australia and the other in Indonesia, for acquisition and expects to begin serious dialogue with the owners soon.
After having sleepless nights during the global economic slowdown in 2008, the Surat diamond industry seems to have played safe as far as the US, the biggest diamond jewellery market, is concerned.
In a rare development, gold prices have surpassed usually costlier platinum from the precious metal basket.
Growth concerns in the US and European countries have put downside price pressure on most commodity markets, with crude oil and copper losing the most.
The meeting of the Group of Ministers (GoM) on coal, which was scheduled for tomorrow to try and resolve issues hurting the production of coal in the country, has been postponed.