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MUMBAI: The proposed 50% import duty on copper by US President Donald Trump is expected to have minimal impact on India due to its limited exports to America. Hindalco, the nation's largest copper manufacturer, does not send any copper shipments to the US owing to the huge domestic demand. India's copper exports to the US are under $300 million. Copper, used in wires, cables, power transformers and electric motors, sees robust domestic demand, particularly due to the country's focus on renewable ...Read More >
New Delhi, Jul 9 (PTI) The proposed 50 per cent import tariff on copper announced by US President Donald Trump will not have any impact on Indian companies as the country is copper-deficient, according to an industry official. Also, Coal and Mines Minister G Kishan Reddy on Wednesday said India will discuss the impact of US tariffs on copper. Also Read | Belagavi Shocker: 3 of Family Members Die by Suicide After Consuming Poison Over Debt in Karnataka. International Copper Association India M ...Read More >
New Delhi, Jul 9 (PTI) Metal stocks ended lower on Wednesday amid concerns after US President Donald Trump unveiled sweeping new measures, including a 50 per cent tariff on copper. Shares of Hindustan Copper dropped 3.76 per cent, Bhagyanagar India declined 3.03 per cent and ND Metal Industries slipped 2.15 per cent on the BSE. The stock of Hindustan Zinc declined 2.56 per cent, Hindalco lost 1.92 per cent, National Aluminium Company went lower by 1.90 per cent, Tata Steel dipped 1.82 per cent ...Read More >
New Delhi: President Donald Trump said on Tuesday that the United States will impose a 50 per cent tariff on copper imports starting August 1. Speaking during a cabinet meeting, he said the decision is part of a wider push to bring key manufacturing back to the US. He also hinted at major action on pharmaceuticals, saying companies would get around a year to shift production to American soil before facing steep tariffs, potentially as high as 200 per cent. In addition, Trump announced that a 10 ...Read More >
CHENNAI: The Indian equity benchmarks started the day on a cautious note, responding to increasing uncertainty around the looming US tariffs by President Trump. At 11:20 AM , the Nifty 50 traded at 25,536.00, up 13.50 or 0.05%, while the Sensex stood at 83,748.57, up roughly 34 points or 0.02%, although both these indices were marginally down in the opening trade. Weak cues from Asian markets, along with persistent foreign institutional investor (FII) selling, contributed to the negative bias a ...Read More >
Mumbai: The Indian benchmark indices opened lower on Wednesday amid mixed global cues as selling was seen in the IT, PSU bank and financial service sectors. At around 9.34 am, Sensex was trading 181.63 points or 0.22 per cent down at 83,530.88 while the Nifty declined 44.25 points or 0.17 per cent at 25,478.25. "After a flat to negative opening, Nifty can find support at 25,500 followed by 25,400 and 25,300. On the higher side, 25,600 can be an immediate resistance, followed by 25,700 and 25,8 ...Read More >
Mumbai (Maharashtra) [India], July 9 (ANI): Indian stock markets opened on a flat note on Wednesday as investors remained cautious and in a wait-and-watch mode, ahead of a possible mini trade deal between India and the European Union (EU). The Nifty 50 index opened at 25,514.60, marking a marginal dip of 7.90 points or 0.03 per cent, while the BSE Sensex opened at 83,619.82, down by 92.69 points or 0.11 per cent. Market experts highlighted that investor sentiment is currently being driven by e ...Read More >
Mumbai, July 9 (SocialNews.XYZ) The Indian benchmark indices opened lower on Wednesday amid mixed global cues as selling was seen in the IT, PSU bank and financial service sectors. At around 9.34 am, Sensex was trading 181.63 points or 0.22 per cent down at 83,530.88 while the Nifty declined 44.25 points or 0.17 per cent at 25,478.25. "After a flat to negative opening, Nifty can find support at 25,500 followed by 25,400 and 25,300. On the higher side, 25,600 can be an immediate resistance, fol ...Read More >
[BENGALURU] Gold edged higher on Wednesday (Jul 9) as US President Donald Trump's latest tariff threats dampened hopes for trade talks, but a stronger US dollar and higher Treasury yields capped gains. Spot gold rose 0.2 per cent to US$3,305.50 per ounce as at 0106 GMT. US gold futures fell 0.1 per cent to US$3,314.50. On Tuesday, Trump said he would impose a 50 per cent tariff on imported copper and introduce long-threatened levies on semiconductors and pharmaceuticals. The president sent ta ...Read More >
New Delhi [India], July 8 (ANI): US President has again turned to tariffs as a pressure tool in trade negotiations, a report by the Global Trade Research Initiative (GTRI) has said that Trump is using tariffs not to build partnerships, but as a tool to force countries into compliance. According to GTRI, Trump's trade strategy is based on pressure tactics rather than cooperation, turning trade deals into one-sided forced pacts. Also Read | Bharat Bandh on July 9: Will Banks Remain Open or Shut? ...Read More >
Malanjkhand (Madhya Pradesh): Sanjiv Kumar Singh, Chairman and Managing Director of Hindustan Copper Limited (HCL), has said that HCL is working to ramp up its production from 4 million tonnes to around 12 million tonnes in the coming 6 years. Mentioning Prime Minister Narendra Modi's vision of 'Viksit Bharat 2047', he asserted that copper plays a very crucial role in all industries, including the automobile. In an exclusive interview with ETV Bharat, Singh said, "Copper plays a very important ...Read More >
Buenos Aires: India and Argentina on Saturday agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors, with Prime Minister Narendra Modi emphasising on taking the ties between the two natural partners to "greater heights". Prime Minister Modi held wide-ranging talks with Argentine President Javier Milei, a day after landing at the South American nation in the third leg of his five-nation tour. Though Modi visited Argenti ...Read More >
Malnjkhand/Balaghat (Madhya Pradesh) [India], July 5 (ANI): In a significant development for India's mining sector, Hindustan Copper Limited (HCL) has successfully transitioned its flagship Malanjkhand mine from open-cast to fully underground operations. The announcement was made during a site visit on Saturday, where HCL Chairman and Managing Director Sanjiv Kumar Singh laid out the company's ambitious roadmap for copper production.'For the year 2024-25, our entire production from Malanjkhand ...Read More >
Hyderabad: Union Minister for Coal and Mines G. Kishan Reddy on Friday released the Copper Vision Document and the Aluminium Vision Document at the international conference here on sustainable and responsible mining through best mine closure practices, organised by the Indian National Committee of the World Mining Congress. Reddy emphasised copper's vital contribution to India's energy transition, infrastructure growth, and green technologies such as electric vehicles and solar power. He stated ...Read More >
HYDERABAD, July 4 (Reuters) - India on Friday unveiled a series of steps to increase copper output, including encouraging foreign firms to set up smelters and refineries in the country in exchange for state-owned firms investing in their overseas mining operations. The document, parts of which were first reported by Reuters last week, said India - the world's second-biggest refined copper importer - may have to import 91%-97% of its copper concentrates by 2047. Despite an estimated 12.2 millio ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlightin ...Read More >
New Delhi, Jul 3 (PTI) Vedanta registered a decline in production of saleable steel, oil and gas, and refined metal in the first quarter of the current fiscal year. However, aluminium production rose marginally by 1 per cent to 6,05,000 tonnes during the first quarter and the iron ore output also increased by 42 per cent to 1.8 million tonnes during the period. The production of saleable steel dropped 2 per cent to 3,49,000 tonnes, in case of refined metal the decline was by 5 per cent to 2,50 ...Read More >
Bengaluru : TVS Motor Company, today launched a new variant of its flagship electric scooter, TVS iQube with 3.1 kWh battery that offers an IDC range of 123 km, hill hold and dual tone design. This latest addition builds on the company's refreshed EV portfolio with enhanced range and features. With this, the TVS iQube portfolio now offers an array of six variants, making this one of the widest and most compelling portfolio in the segment. With over 600,000 units sold and presence in over 1900 t ...Read More >
New Delhi, Jul 2 (PTI) State-owned iron ore producer NMDC is actively evaluating offshore acquisitions of critical mineral blocks, its CMD Amitava Mukherjee said adding it will strengthen the company's presence in the global value chain. Critical minerals like antimony, lithium, cobalt, copper are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. India has launched the National Critical Mineral Mission (NCMM) to ensure their long-term ava ...Read More >
New Delhi, Jul 2 (PTI) State-owned iron ore producer NMDC is actively evaluating offshore acquisitions of critical mineral blocks, its CMD Amitava Mukherjee said adding it will strengthen the company's presence in the global value chain. Critical minerals like antimony, lithium, cobalt, copper are essential for clean energy technologies like solar panels, wind turbines, EVs, and energy storage systems. India has launched the National Critical Mineral Mission (NCMM) to ensure their long-term ava ...Read More >
NEW DELHI: India has dispatched a team of geologists to Zambia to explore copper and cobalt deposits, two Indian government sources said, as New Delhi steps up efforts to secure critical mineral supplies essential to its energy transition. The Zambian government this year agreed to allocate 9,000 square km (3,475 square miles) to India for the exploration of cobalt - a key component in batteries for electric vehicles and mobile phones - as well as for scouting copper, which is widely used in po ...Read More >
New Delhi, Jul 1 (PTI) State-owned CIL on Tuesday said it has signed an MoU with Hindustan Copper to work together in the critical mineral sector. The two companies executed the non-binding Memorandum of Understanding (MoU) on Monday to collaborate across various aspects in the copper and critical minerals sectors, CIL said in a BSE filing. Earlier, CIL and IREL (India) Ltd had signed a non-binding MoU to cooperate and collaborate on the development of critical minerals. The MoU aims to promot ...Read More >
KARACHI - India's move to block ships carrying Pakistani goods from entering its ports has failed to significantly impact Pakistan's foreign trade, according to shipping industry experts. On May 2, India imposed a ban on vessels transporting cargo to or from Pakistan, barring them from passing through Indian ports or land routes. The restriction followed India's military operation "Operation Sundoor," which ended within four days due to strong Pakistani retaliation. Initially, India aimed to d ...Read More >
The IEA reports weakened investment momentum in critical minerals in 2024, despite strong demand expectations. Exploration plateaued, and funding for startups slowed. Refined material production concentrated among top suppliers like Indonesia and China, increasing geographic concentration. Surging supply, particularly from these nations, drove down prices for battery metals, with lithium prices plummeting over 80% since 2023.Investment decisions in the global critical mineral sector face signifi ...Read More >
New Delhi: Nominations for the posts of chairperson and deputy chairperson of the Municipal Corporation of Delhi's pivotal standing committee were filed on Friday. Satya Sharma of BJP submitted her papers for the post of chairperson, while Sunder Singh filed for deputy chairperson. For the Aam Aadmi Party, Praveen Kumar and Mohini Jeenwal filed their nominations, respectively, for the posts of chairperson and deputy chairperson.The filing of nominations took place at the municipal secretary's of ...Read More >
New Delhi [India], June 6 (ANI): IFFCO Managing Director (MD), U S Awasthi on Friday met Union Home Minister Amit Shah at his residence office in New Delhi. During the meeting, Awasthi briefed and updated the Minister on the overall performance of Indian Farmers Fertiliser Cooperative (IFFCO) for the Financial Year 2024-25, a strong testament to the vision of Sahakar Se Samriddhi under his dynamic guidance. Awasthi also apprised him of the progress at the seed research and development facility ...Read More >
The index of mineral production for the mining and quarrying sector for March 2025 stood at 156.8, increasing by 0.4% over March 2024. Minerals like iron ore, manganese ore and zinc concentrate saw notable increase in production during March 2025 compared to March 2024. Production of iron ore rose by 5.7% to 25.9 million metric tonne (MMT) during the said period. Manganese ore production grew by 9.7% to 0.39 MMT and production of zinc concentrate rose by 5.5% to 0.19 MMT in March 2025 over March ...Read More >
ITANAGAR, 6 Jun: More than 200 people without valid inner line permits (ILP) were externed from the Itanagar Capital Region on Friday, a senior police officer said. The violators were detected during an enforcement drive conducted by the Naharlagun police across Papu Hills, Naharlagun, Nirjuli, and Banderdewa, as part of the ongoing initiative to uphold the Bengal Eastern Frontier Regulation. Naharlagun Superintendent of Police (SP) Mihin Gambo said that all 219 individuals were found without ...Read More >
New Delhi [India], June 6 (ANI): IFFCO Managing Director (MD), U S Awasthi on Friday met Union Home Minister Amit Shah at his residence office in New Delhi. During the meeting, Awasthi briefed and updated the Minister on the overall performance of Indian Farmers Fertiliser Cooperative (IFFCO) for the Financial Year 2024-25, a strong testament to the vision of Sahakar Se Samriddhi under his dynamic guidance. Awasthi also apprised him of the progress at the seed research and development facility ...Read More >
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, t ...Read More >
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