Flirting At 2-Yr Highs
Sector macroscope: Copper, Cocoa, and Aluminium.
copper
June 2024
May 2024
October 2023
September 2023
August 2023
December 2022
July 2022
February 2022
Chinese, U.S. & European cos own majority of clean energy raw material
Mining and trade of most of the 'key energy transition minerals' such as copper, lithium, nickel, cobalt, graphite and rare earth supply chain are owned by Chinese companies.
Gold On A High
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
In Weak Spirit
Ethanol futures dropped to $2.11 per gallon, marking the lowest level since February 2022, owing to production expansion, adjusted blending mandates, and increased stockpiles.
Vedanta rebounds from 52-week low on buzz to acquire African copper biz from parent
The stock price got a boost as Anil Agarwal plans to transfer Zambia’s Konkola Copper Mines from his group’s holding company Vedanta Resources to Vedanta.
Hindalco to invest ₹2,000 cr in copper and e-waste recycling unit
The hazardous nature of e-waste is compounded by improper handling leading to a significant loss of valuable materials, says Kumar Mangalam Birla
Battery raw material shortages can derail EV sales and carbon offset plans
EV projections show demand for these materials ranging from two to 12 times the current levels by 2030, depending on the mineral, with the largest growth rate for lithium.
Vital minerals, metals for clean energy dominated by one country—China: IEA
China accounts for 58% of Lithium processing which is key to new battery solutions.
Hindustan Zinc Q1 profit up 56% to ₹3,093 cr on higher LME prices
The Hindustan Zinc stock rallies 1.43% to ₹283 while touching an intraday high of ₹286.75
Copper vessels, Nitric Oxide can kill coronavirus, say studies
Inhaled Nitric Oxide (iNO) is virucidal and kills SARS-COV-2 virus, apart from preventing its effective attachment to human host cells, says study.
