Commodities prices likely to drop in 2024, 2025 but will be above pre-pandemic level, says World Bank report

[ad_1] Prices of commodities will likely decline marginally in 2024 and 2025 but they will remain 38 per cent above pre-pandemic levels, the World Bank has said in its latest Commodity Markets Outlook. In all, disinflationary tailwinds from moderating commodity prices...

India explores Congo for copper and cobalt access, eyes MoU in three months

[ad_1] India will tap into Congo for critical mineral access, mostly copper and cobalt. A draft MoU has been shared with Democratic Republic of Congo officials and a final agreement is expected in “another three months or so.” The MoU...

Adani’s copper unit in Mundra commences operations; shares rise

[ad_1] Adani Enterprises Ltd’s shares were up by 1.08 per cent to ₹3,155.95 at 12.07 pm on Thursday after the company reported that its subsidiary Kutch Copper has commenced operations at its refinery project in Mundra, Gujarat. The refinery, set...

Rajasthan, Karnataka launch India’s first exploration licence auction for critical minerals, 4 more states to follow

[ad_1] In a first, two states - Karnataka and Rajasthan - have launched auctions for exploration licences of critical and deep-seated minerals, while four others - Maharashtra, Madhya Pradesh, Chhattisgarh and Andhra Pradesh- are expected to follow suit soon. Auctions in...

India has the highest recycling rates globally for copper, reveals  ICA India ‘stock and flow model’

[ad_1] India has globally emerged with one of the highest recycling rates for copper due to high collection efficiency and minimal loss during resmelting, a study by the International Copper Association India (ICA India) through a “stock and flow model”...