News zum Sektor Metalle / Bergbau aus Indien

 

NEW DELHI (dpa-AFX) - POSCO Holdings Inc. (PKX), a South Korean steel-making company, on Monday announced that signed a non-binding Heads of Agreement with JSW Steel Ltd. (JSWSTEEL.NS) to jointly ......

The government is set to seek parliamentary approval for amendments to mining laws, potentially as early as Monday. These changes aim to enable state funding for acquiring critical mineral assets overseas, utilizing the National Mineral Exploration Trust's ₹6,000 crore corpus....

India's foreign exchange reserves saw a significant decrease. The reserves dropped by $9.322 billion, reaching $688.871 billion. This decline occurred for the week ending on August 1. Foreign currency assets experienced a fall of $7.319 billion. Gold reserves also decreased by $1.706 billion. Special Drawing Rights and India's reserve position with the IMF also witnessed declines....

Gold rate today: Gold prices rose on Thursday as investors sought safe-haven assets amid escalating trade tensions between the US and India, triggered by increased tariffs imposed by President Trump. The dollar's weakness, following disappointing US jobs data, further bolstered gold's appeal, with expectations rising for a potential interest rate cut by the Federal Reserve in September....

Goldman Sachs has slightly lowered India's GDP growth forecast for 2025 and 2026, citing the impact of US tariffs. While growth is projected to slow, inflation forecasts have also been revised downwards due to falling vegetable prices. The report highlights uncertainty surrounding trade negotiations and potential risks to the inflation outlook....

Indian natural polished diamond exports face challenges as the US market, a major consumer, slows down and imposes tariffs. A 10% tariff in April 2025 reduced the US share of exports, potentially decreasing Indian diamond polishers' revenue by 20-25%. While the industry anticipates disruptions, diversified trade relationships offer some protection, suggesting the US might face greater long-term consequences....

India's foreign exchange reserves saw a significant boost, climbing by $2.703 billion to reach $698.192 billion as of July 25, according to recent RBI data. This surge follows a previous week's decline. The increase was largely fueled by a rise in foreign currency assets and a notable jump in gold reserves....

The United States has imposed a 50% tariff on semi-finished copper imports, effective August 1, 2025, citing national security concerns. While India's $360 million copper exports to the US will become more expensive, the impact is expected to be limited due to uniform application across all countries....

The Quad nations have unveiled a plan to counter China's influence in the Indo-Pacific, focusing on critical mineral supply chains. This initiative aims to diversify sources of strategic minerals like lithium and nickel, reducing reliance on China. The group also expressed concerns about China's economic pressure tactics and committed to upholding a region free from coercion....

The Reserve Bank of India (RBI) increased its gold reserves by approximately half a tonne in late June, bringing total holdings to 879.8 tonnes. Gold's value within India's foreign exchange reserves has significantly increased, reaching 12.1% as of July 18, 2025....

India's industrial output growth decelerated to a 10-month low of 1.5% in June 2025, primarily due to contractions in mining and electricity sectors. The early monsoon significantly impacted production, causing a sharp decline compared to the 4.9% expansion in June 2024. Overall, industrial output growth for the first quarter of FY26 slowed to 2%....

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:...

India's foreign exchange reserves experienced a further dip of $1.183 billion, settling at $695.489 billion by July 18, according to RBI data. This decline, marking the second consecutive weekly drop, was primarily driven by a decrease in foreign currency assets. However, gold reserves saw a rise of $150 million, reaching $84....

India's new trade deal with the UK lacks carbon tax exemptions. This could hurt Indian exports like steel and aluminium starting 2027. The UK will impose carbon taxes following the EU's lead. Ajay Srivastava of GTRI highlights the trade imbalance. Indian exports worth $775 million may face tariffs. India views carbon taxes as discriminatory....

India needs to be vigilant against cheap imports of steel that may flood the country, according to Jayant Acharya, joint managing director of JSW Steel Ltd., one of the country's biggest producers of the metal....

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:...

India's wealthiest investors are increasingly allocating capital to cryptocurrencies like Bitcoin and Ethereum, driven by less than desirable returns from traditional assets and renewed confidence following favorable global signals, including pro-crypto stances from US political figures....

Wyndham Hotels & Resorts is significantly expanding its presence in India, aiming to become a top growth market with over 50 new properties planned. The company intends to introduce more of its global brands while strengthening existing ones like Ramada....

India's merchandise trade gap saw a slight decrease to $20.7 billion in June 2025, primarily due to lower crude oil prices and reduced gold imports. Strategic sourcing, including increased oil purchases from Russia and the US, helped mitigate the impact of global commodity price fluctuations....

Silver prices in India soared to a record high, surpassing Rs 1.11 lakh per kilogram, driven by global trade tensions and expectations of a dovish US Federal Reserve. This surge mirrored international trends, with spot silver climbing to $37.19 an ounce. Investors sought safe-haven assets amid geopolitical risks and tariff-related uncertainties, further fueled by Trump's aggressive trade policies....