Hindalco Aluminium Increases it’s Product Prices By INR 3,000/-MT on 18-April-2023 Hindalco Aluminium Ingot Prices Increases By INR 3,000/-MT today which comes at INR 226,250/-MT. Hindalco Aluminium Alloy Wire Rod Prices Increases By INR 3,000/-MT today which comes at INR 238,250/-MT. Hindalco Aluminium Billet Prices Increases By INR 3,000/-MT today which comes at INR 240,350/-MT […]

ShreeMetalPrices: Fitch Ratings Chile may increase tax on copper producers by 5 pp


According to Fitch Ratings, Chile may increase the tax burden on copper producers by around 5 pp without materially harming the industry or affecting its competing. Alejandra Fernandez, a director at Fitch Ratings who covers the mining sector in Latin America, stated in a conversation. “I don’t think it would have an impact if the tax […]

ShreeMetalPrices: ECB Should raise rates again in May, Wunsch says


In an effort to combat persistent inflation, the European Central Bank (ECB) has accelerated rate increases and reduced its massive balance sheet in the hopes that higher borrowing costs will stymie demand and bring inflation under control. A member of the ECB’s Council of Governors named Wunsch told on the eve of the International Monetary […]

ShreeMetalPrices: Gold shines as inflation eases but rising US Recession Fears


The Federal Reserve could cease raising interest rates earlier than expected, according to softer-than-expected U.S. inflation data. Which led to higher gold prices in Asian trading on Thursday. Growing recessionary fears also encouraged safe-haven buying. This week, the price of the yellow metal rose past $2,000, and it is now just $50 short of a […]

ShreeMetalPrices: Gold Prices holds $2,000 as US Show Signs Of Slowness


Gold dipped on Monday after solid US job data revived expectations for another interest rate increase and boosted dollar. But lingering economic uncertainties maintained safe-haven metal at 2000 dollar per ounce. – Gold Prices By 1040 GMT, spot gold had decreased by 0.3 percent to 2000 dollar an ounce. While United States gold futures delivery […]

ShreeMetalPrices: Iron ore price extends losses over slow China’s steel demand


Iron ore prices fell as a result of weak Chinese steel demand statistics.According to data from consultancy Mysteel, the production of building steel products, such as rebar and wire rod, decreased by 1.05 percent week over week to 4.23 million tonnes in the week ending Apr 6, while the evident demand for both decreased by […]