Three-month copper prices on the London Metal Exchange hit a two-year high above USD 10,200 a metric ton on Tuesday, although have since retreated to USD 9,750. The CEO of Canadian miner Hudbay Minerals said BHP Group’s USD 39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies’… Continue reading Canadian miner Hudbay sees BHP’s bid for Anglo boosting copper assets
Author: Economic Times of India Online News
India’s mineral production rises 8% in February
The cumulative growth for the April-February period of 2023-24 over the corresponding period of the previous year is 8.2%, as per the provisional statistics of IBM, the mines ministry said. New Delhi: India’s mineral output rose 8% in February as compared to the year-ago period, the ministry of mines said on Thursday. The index of… Continue reading India’s mineral production rises 8% in February
Statiq to set up EV charging stations at wayside facilities of Cube Stop Wayside Amenities
Statiq has already deployed 7,000 chargers across tier 1, tier 2, and tier 3 cities in India, with ambitious plans to scale up to 20,000 EV charging points by 2025, the company said. New Delhi: Statiq, a leading electric vehicle (EV) charging network has partnered with Cube Stop Highway Rest Areas, to enhance EV charging… Continue reading Statiq to set up EV charging stations at wayside facilities of Cube Stop Wayside Amenities
Vedanta plans to invest USD 20 bn in India in 4 years; will sell steel biz only at right price: Anil Agarwal
The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, he said. The Vedanta Group is aiming to invest USD 20 billion across all its businesses in India over the next four years, its Chairman Anil Agarwal said on Wednesday. The group will… Continue reading Vedanta plans to invest USD 20 bn in India in 4 years; will sell steel biz only at right price: Anil Agarwal
Altair Acquires Research in Flight to forge new path for aerodynamic analysis
FlightStream can capture subsonic to supersonic flows, including compressible effects and a unique surface vorticity capability. Altair, a global leader in computational intelligence, announced it has acquired Research in Flight, maker of FlightStream, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defence sectors and a growing presence in… Continue reading Altair Acquires Research in Flight to forge new path for aerodynamic analysis
Jindal Stainless announces expansion plans worth INR 5,400 cr, including a Indonesian JV and an acquisition
The company expects this JV to increase its melting capacity by over 40% to 4.2 MTPA at an investment topping INR 700 crore. Listed stainless steel manufacturing company Jindal Stainless on Wednesday announced a ‘three-pronged’ investment strategy worth nearly INR 5,400 crore for its melting and downstream capacities. Jindal Stainless has entered into a joint… Continue reading Jindal Stainless announces expansion plans worth INR 5,400 cr, including a Indonesian JV and an acquisition
India unlikely to impose export curbs on low-grade iron ore, source says
India shipped out iron ore worth USD 3.9 billion during the fiscal year to March 2024, up 118% from a year earlier, according to government data. India is unlikely to impose tariffs on exports of low-grade iron ore for now despite rising overseas sales to China, a source with direct knowledge of the matter said,… Continue reading India unlikely to impose export curbs on low-grade iron ore, source says
Half of all copper mining is at drought risk with climate change
Copper has rallied in recent months to surpass USD 10,000 a metric ton, fueled by bets on looming shortages as mines struggle to meet rising demand from electric vehicles, grid infrastructure and data centers. As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs,… Continue reading Half of all copper mining is at drought risk with climate change
Elimination of Tesla’s charging department raises worries as EVs from other automakers join network
Shares of Tesla were down 1.2% in midday trading Wednesday. Elon Musk‘s move to lay off the department responsible for Tesla‘s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network. Several leaders of Tesla’s Supercharger team posted social media messages saying they… Continue reading Elimination of Tesla’s charging department raises worries as EVs from other automakers join network
APAC auto turbochargers market to dip at 2% CAGR over 2023-28: GlobalData
Manufacturers are exploring new technologies, such as electric turbochargers and twinchargers that combine superchargers and turbochargers, to overcome these problems. New Delhi: As emission norms have become more stringent globally, with such introductions as Euro 6 standards, manufacturers of passenger cars and commercial vehicles are focusing on implementing more fuel efficiency and complying with emission-standard… Continue reading APAC auto turbochargers market to dip at 2% CAGR over 2023-28: GlobalData