Every cloud has a silver lining, and for jewelers facing consumer demand destruction due to high gold prices, it would seem the silver lining is literal. A Mineweb report notes that Indian silver exporters are experiencing a record level of demand, particularly from the US and Europe, for silver jewelry. The article quotes data from [...]
Rising one percent on the LME to close at $500 per metric ton, the 3-month price of steel billet experienced the biggest change in steel markets for May 3, 2012. The steel billet cash price saw a 0.2 percent decline on the LME to $486 per metric ton. Chinese steel prices were mixed for the [...]
The Chinese primary aluminum cash price saw a 0.6 percent increase on May 3, 2012, reaching CNY 16,200 ($2,581) per metric ton on the SHFE and making it the biggest mover for the day on aluminum markets. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining [...]
Sesa Goa, India’s largest private-sector producer and exporter of iron ore, has plans to begin exploration work sometime later this week in the Liberia’s mines for an iron ore project, reports Business Line. According to the report, in August 2011, Sesa had acquired a 51-percent stake in Western Cluster Limited, Liberia (WCL), which has mining [...]
Continued from Part One. While Vespa’s modified LX version will sell in India for the knockdown price of Rs 66,000 ($1,270), it will still be pricey compared to domestic rivals who are churning out popular models like the TVS Scoot Streak at just under Rs 40,000, according to the FT. Nevertheless, Piaggio is confident it will [...]
It would seem that not just automakers are having a good year, but so are manufacturers of two-wheelers — if anything, the latter are doing even better. So strong has global growth in motorcycle ownership been that even iconic Western brands like Harley-Davidson in the US and Triumph in the UK are finally waking up [...]
Indian steel and base metal companies are expecting growth in profitability during the next quarter, compared to the previous quarter, reports Business Standard. The report says the profit for these companies may increase because of decreasing prices of key inputs and stable domestic prices. It is believed that operating margin for base metal companies may go [...]
Steel and iron ore companies in and around the south Indian state of Karnataka may have a little chance to cheer with the news that Supreme Court of India (SC) has allowed the auction of iron ore already lying in stockyards, under the supervision of a monitoring committee, reports Business Standard. The report claims that [...]
