Sohrab Darabshaw

India and China Plan to Discuss Carbon Tax with the EU

India and China Plan to Discuss Carbon Tax with the EU EU Carbon tax to be discussed between EU, India and China

Both India and China continue to denigrate the Carbon Border Adjustment Mechanism (CBAM), or “carbon tax” as it has come to be known, proposed by the European Union. Meanwhile, the EU claims the new scheme is integral to its plan to achieve zero emissions across six earmarked industries. The new tax regime recently moved into […]

Gold Prices Hover Near Psychological Range of U.S. $2,000

Gold Prices Hover Near Psychological Range of U.S. $2,000

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching […]

Kazakhstan-Backed ERG Injects $800 Million to Revive Congo’s Cobalt and Copper Mine

Kazakhstan-Backed ERG Injects $800 Million to Revive Congo’s Cobalt and Copper Mine

It has the largest reserves of cobalt in the world and the 7th largest deposit of copper, making it the cynosure of the mining world. The Democratic Republic of Congo (DRC) plays a central role in the world’s rollover to renewable energy and in cobalt price movements. As a result, the central African nation surfaces in […]

India’s Steel Industry Braces Itself: Coking Coal Crisis Sparks Controversial Price Hikes

India’s Steel Industry Braces Itself: Coking Coal Crisis Sparks Controversial Price Hikes

India has almost replaced China as the most important coking coal export destination for the near future. This comes after a significant increase in steel demand in the subcontinent. The expected resurgence in China’s economy, mainly due to the government’s efforts to kick-start sectors like construction, has not materialized. In response, sector experts are beginning to […]

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again

Copper Price Roller Coaster a Wild Ride in 2023: From Highs to Lows and Back Again Copper price

It’s safe to say that the copper price index witnessed an interesting 2023 thus far. Indeed, the market’s been volatile, so there were more than the usual ups and downs. Mid-year, prices registered a major tumble because of the fumble in China’s economy. However, soon after, they began clawing back to a respectable level. Prices […]

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices?

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices? Indian Aluminum

In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability for aluminum prices. The country is already the […]

Desperate Move? Russia Importing Aluminum Oxide from India Amidst Shortage

Desperate Move? Russia Importing Aluminum Oxide from India Amidst Shortage Aluminum mill

A somewhat desperate Russia has made some interesting moves relating to its need for aluminum oxide, also known as alumina. Recent reports indicate that the country began importing alumina from India several months ago. This is in addition to China, which already supplied aluminum oxide to Russia’s Siberian plants. Obviously, Russia found itself on a […]

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight?

Iron Ore Price Index Soars 4% on China’s Economic Rebound, Easing Inflation in Sight? Chinese economy

According to this report, the most-traded January iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trading 2.41% higher at 851.5 yuan (US$116.80) a metric ton. The next day, the iron ore price index surged by 4%, surpassing US $117 per ton. Trader optimism largely fueled the price jump, as many felt encouraged […]

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline

Tata’s Port Talbot Steel Manufacturing Plant Faces Uncertain Future, UK Pledges £500 Million Lifeline Tata Steel Stock Yard Limited in Faridabad NIT, Faridabad. Tata steel share price.

The British government and Tata Steel remain in discussion regarding the future of the Port Talbot steel manufacturing plant. Recently, the government said they may pledge a substantial £500 million (approx. U.S. $629 million) in financial support for the South Wales facility. This may be in addition to Tata Steel India’s planned investment of £700 million […]

China’s Relentless Pursuit of Lithium Battery Materials: A Growing Powerhouse

China’s Relentless Pursuit of Lithium Battery Materials: A Growing Powerhouse ewtrewtret

It seems that China’s hunger for lithium remains unsatiated. Indeed, a new S&P Global report highlighted the “red dragon’s” efforts to gobble up critical minerals, including lithium battery elements, from mines across the globe.  The report explained how China’s reach continues to grow in terms of minerals, particularly those critical to products that have major […]

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