ShreeMetalPrices: Copper Rises as Inventories Fall & China’s COVID-19 Curbs Weigh.

copper-China

Due to low inventories, copper prices increased a little bit on Tuesday, although gains were restrain by China’s desire to uphold its stringent zero-COVID policy. As of 0755 GMT, the most traded December copper contract on the (SHFE) Shanghai Futures Exchange was up by 0.3% at 65,780 yuan ($9,061.11) a metric tonl. While the 3 […]

ShreeMetalPrices: US midterm elections 2022: Why do they matter so much?

US-Election

The results of the US election on November 8 could significantly affect the course of the country as well as the future of the individual as well as the party in control of the White House. The midterm elections determine who controls Congress in addition to state legislatures and governorships; Joe Biden isn’t on the […]

ShreeMetalPrices: RBI Governor; Rupee has acted in a disciplined manner.

RBI

RBI Governor Shaktikanta Das said on Wednesday that despite the rupee recent downward trend. Which saw it even cross the 83 level against the US dollar, the Indian currency had behaved orderly and that its trajectory shouldn’t really be taken emotionally. During his speech at the FICCI Banking Summit in Mumbai. Das predicted that capital […]

ShreeMetalPrices: Alcoa Inc. Shocking Loss Will Worsen the Global Economy.

Alcoa-Inc

In response to hawkish central banks’ efforts to combat inflation, metal prices have fallen.Alcoa Inc., a US economic hegemon and the world’s largest producer of aluminium, unexpectedly posted a quarterly loss, adding to concerns about the global economy as the price of the metal. That is use in everywhere from smartphones to Automobiles, is struggling.As […]

ShreeMetalPrices: Chipmakers See ‘Breathtaking’ Demand Drop as Recession Approaches

Semiconductor-chip

Signs are piling up that the tech downturn may be deeper and longer-lasting than feared. Samsung and AMD both posted earnings that fell short of expectations. Recent disappointing results fuel worries that a rebound is further away. Chipmakers are warning that demand is stalling on a weekly basis after years of record capital spending. The […]