Addressing a meeting of the parliamentary consultative committee, attached to his ministries, in Bengaluru, Karnataka on July 7th-2015. Union Steel and Mines Minister Narendra Singh Tomar said that India has overtaken the United States to become the World's third largest steel producer during the first five months of this calendar year.
World Bank historical data (1960-2015) and long-term forecasts (2015-2025) for prices on energy and non-energy commodities, including: agriculture, fertilizers, metals and minerals, and precious metals. Choose from: Brent OPEC basket WTI natural gas - Europe, US, Japan wheat maize barley rice sorghum soybeans soymeal soybean oil palm oil rapeseed oil sunflower oil sugar beef cocoa Arabica coffee Robusta coffee tea cotton wool rubber aluminum copper nickel lead zinc tin steel iron ore platinum palladium gold silver Explore G20 economic forecasts across select indicators...
Oil prices grew by 1.1 percent in September modestly rebounding from a 7 percent drop in July. Since January, when the price of Brent crude reached a 12-year low, oil prices have rebounded by 50 percent and nearly reached last year's average of $46.99 per barrel. Barring any market surprises, a further recovery of oil prices hinges on a reduction of oil production by OPEC member states in the fourth quarter. Fluctuations in global crude oil prices have always been the focus of the economic and financial news. The higher crude oil prices rise, the more positive is the economic outlook for petroleum exporters. In contrast, countries dependent...
Autumn and winter are traditionally characterized by the growth in energy consumption and, thus, in prices for energy products. Still, natural gas prices in the US, Europe, and Japan showed different dynamics in November. Thus, the spot price of natural gas at Henry Hub, US, fell by 15.2% in November compared to the previous month. This decline - which was the sharpest monthly drop since December of 2014 - interrupted a period of steady growth lasting from April. On the contrary, in Europe, average import border price of natural gas surged by 14.4% - the most dramatic monthly increase over the last 17 years. What for the import price of...
Aluminum price grew by 4.3 percent in November 2016 and by 17.3 percent in comparison with November 2015. The price of aluminum rose to record levels since June 2015, well over $1737/mt. The prices growth has been driven by the significant decline of production in February 2016 when total production of aluminum fell to 4,184,000 metric tons against 4,729,000 metric tons in January 2016. This situation primarily related to politics in China and higher coal and energy prices. At this time aluminum production in China reduced to 2,070,000 metric tons. It is the least value since 2013. However, by November 2016 production rose to record...