New Delhi, April 20 (IANS) The US is stepping up its investments in infrastructure projects in Africa to counter China’s influence as the race for critical minerals, such as copper, cobalt, lithium, and rare earth elements, gathers pace in the aftermath of the trade war between the two countries.Chinese engagement in African mining operations has evolved into comprehensive value chain integration spanning exploration, production, transport, and processing stages. Major Chinese companies have e…
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Washington, April 3 (IANS) US President Donald Trump signed a sweeping proclamation imposing steep tariffs on imports of steel, aluminium and copper, tightening trade controls in the name of national security.The order mandates that tariffs apply to the “full customs value” of imported metal products and their derivatives, closing what the administration described as loopholes in earlier measures.The move builds on earlier Section 232 actions, under which the US had already determined that r…
New Delhi, March 13 (IANS) As global supply chains face recurring disruptions from geopolitical tensions and shifting trade routes, resilient infrastructure and logistics networks will be critical to sustaining economic growth, said Karan Adani, Managing Director (MD), Adani Ports and Special Economic Zone (APSEZ), and Director, Adani Cement, at the annual leadership summit of a media group here on Friday.He noted that the ongoing crisis in West Asia has highlighted the vulnerability of global t…
New Delhi, March 4 (IANS) In a move aimed at reducing dependence on China for critical minerals, Japan is in discussions with India to jointly explore rare earth deposits in the desert state of Rajasthan, according to reports.The talks come after India recently identified three hard rock rare earth deposits in Rajasthan and Gujarat, containing an estimated 1.29 million metric tons of rare earth oxides.The discovery was announced last month by Union Mines Minister G. Kishan Reddy, who said the fi…
Mumbai, Feb 6 (IANS) Global copper prices have surged nearly 40 per cent this fiscal (FY26), reaching around $13,000 per tonne by January 2026, driven by persistent mine-side supply disruptions, declining ore grades and inventory dislocations across exchanges, a report said on Friday.Ratings agency ICRA said in the report that tight supply conditions outside the United States and uncertainty around tariffs are expected to support prices in the range of $11,000–12,000 per tonne in H1 FY27.Howev…
New Delhi, Jan 9 (IANS) Commodities emerged as the best-performing asset class in India in 2025, outperforming equities, bonds and most traditional assets, a report showed on Friday.The report by Motilal Oswal Financial Services Ltd underscores that precious metals — particularly silver and gold — were the primary drivers of performance, supported by policy uncertainty, currency volatility, strong institutional participation, and persistent supply constraints.Domestic silver prices surged by…
Mumbai, Jan 4 (IANS) Global markets are set to begin the first full trading week of 2026 on edge after a major geopolitical shock involving Venezuela, a country with the world’s largest oil reserves. Investor focus has shifted sharply to safe-haven assets like gold and silver, while oil prices are expected to move higher amid fears of supply disruptions.Markets turned cautious after US forces captured Venezuelan President Nicolás Maduro and his wife during a military operation over the weeken…
New Delhi, Jan 3 (IANS) Industrial metals including copper, aluminium and nickel have surged sharply, due to tightening supply and robust demand. Aluminium climbed past $3,000 a tonne mark for the first time in over three years, while copper traded near all-time highs surging beyond $12,000 per tonne mark.Many household appliance manufacturers struggled to absorb higher input costs which affected household budgets with copper‑intensive goods such as air‑conditioners, kitchen appliances, bath…