Metal major Vedanta reported a 36% year-on-year jump in alumina production at Lanjigarh refinery at 539 kt driven by new capacity, the company said today in a filing to the exchanges. In Q1FY24, the company had produced 395 kt. It was up by 11% on the quarter-on-quarter basis versus 484 kt in the March quarter. … Read more
E-cigarette products, or vapes, may contain toxic metals that are particularly harmful to children and teens, a new study has found. The study, published Monday in the Tobacco Control journal, says vaping may increase the risk of exposure to lead, uranium and cadmium. Ingesting metals causes systemic harm to young people following not only long-term … Read more
Spot gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up … Read more
.jpg "Metal Prices Are Soaring. So Is Metal Theft")
Some people will go to extraordinary lengths to harvest metal. For his 2017 book on the subject, Metal Scrappers and Thieves: Scavenging for Survival and Profit, Stickle interviewed one man who used to hunt down abandoned buildings on Google, then find pictures or videos from urban explorers who had visited these locations for kicks, just … Read more
Mumbai: Shares of metal companies were among the top losers Wednesday as fresh concerns over the economic prospects of China, one of the largest consumers of commodities like steel, aluminium, and copper among others, prompted traders to cut their bets. The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata … Read more
Notwithstanding an impressive over 13% returns in 2023, year-to-date, yellow metal’s gains are not its best in the last 10 years. The top returns were delivered by it amid the Covid virus break in 2020 at 28.23%, highlighting why it is the best hedge in uncertain times. Commenting on yellow metal’s performance, Palka Arora Chopra, … Read more
