World's biggest energy trading firms are returning to metals
Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by record profits.
Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by record profits.
"While the demand is expected to remain soft over the next two quarters as government spending moderates around the general elections, the overall demand growth is expected to remain comfortable at 10 per cent in FY24 and FY25," Icra said in a statement.
The round table aimed to discuss challenges experienced in the adoption of the mandatory Solar DC Cable Standard, as prescribed by the Quality Control Order, throughout the planning, design, and installation phases of Solar PV systems.
Fitch Ratings anticipates a notable uptick in the demand for base metals in 2024, with a specific focus on copper, considered pivotal in the ongoing energy transition.
The Series A funding round was led by Legal & General unit Legal & General Capital and Barclays Sustainable Impact Capital initiative that invests in climate startups, AEM said on Monday
"Malco Energy Ltd, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned Subsidiary in the name of 'Vedanta Copper International VCI Company Limited," metal and mining giant Vedanta said in a filing to BSE.
As per the provisional figures of Indian Bureau of Mines (IBM), the cumulative growth for the period April- May, 2022-23 over the corresponding period of the previous year is 5.8 per cent.
Annual exports of copper, alumina, lithium and nickel will reach USD 49 billion by 2027-28. The department does not provide a breakdown of other critical minerals such as cobalt and rare earths.
With cooling being a key indicator of development and environmental impact, increased adoption of green technologies and recyclable natural resources can yield significant sustainability dividends for India’s climate change goals.
Erkozha Akylbek, chairman of Udokan Copper's board of directors, told ET that the company is ready to supply copper to support India's transition to net zero. India's electric vehicles, solar panels and wind turbines require copper.
The raw material prices will impact the sector which was already reeling under expensive commodities costs due to rise in their international demand and supply constraints.