Top Indian Metal & Energy Industry News & Updates - 30 Dec 2024,Monday

Govt. Policy / Industry

Government cancels auction of 11 critical mineral blocks
The government has cancelled the auction of 11 critical mineral blocks in the fourth round due to poor response. While no bids were received for four blocks, the remaining seven mines got less than three technically qualified bidders, according to the annulment notice.
With global MoUs, India ensures security of critical minerals
India is expanding its efforts to secure critical mineral resources through bilateral Memoranda of Understanding (MoUs) with 13 mineral-rich countries across South America, Africa, and Australia. This is part of a broader strategy to ensure resource security, including mineral supplies. Additionally, the Mines Ministry is intensifying cooperation with three Asian countries—South Korea, Japan, and Israel—focusing on geology, exploration, and sharing expertise in processing critical minerals.
📝  Govt asks imported coal-based power plants to run at full capacity till Feb 28
📝  India's increasing oil demand attracting global players: S&P Global Commodity Insights
📝  Outlook 2025: India's renewable sector strides unabated, industry leaders optimistic on future
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Iron & Steel

📝  Hard-hit by rising imports, steel sector eyeing policy initiatives to safeguard its interests in 2025
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Aluminium & Copper

How India’s base metal industry can turn global price surges into strategic wins
The base metal industry is a critical pillar of India’s economy driving growth, generating employment and supporting key market sectors. Base metals are indispensable in fields ranging from aerospace and defence to railway and healthcare equipment manufacture. In fact, aluminium alone contributes to 2 per cent of India’s manufacturing GDP. Against this backdrop, the global base metal industry is in a state of flux. Prices of these core metals have risen by around 12-14 per cent in the first seven months of FY2025. Ind-Ra also expects base metal prices to continue rising in FY25.
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Gold / Silver & Bullion

Platinum Guild rides double-digit surge as Young India seeks more than ‘Just Gold’
India’s fascination with gold is legendary, but platinum is quickly carving out its own space, especially among young consumers who want jewellery to mean more than a mere “store of value." High awareness and consideration levels, sustained double-digit growth, and expanding reach into tier-2 and tier-3 towns underscore just how potent platinum’s appeal has become. Sujala Martis, consumer marketing director at Platinum Guild India (PGI), discusses the evolving consumer mindset, marketing strategies for the rare and emotive metal, and the next wave of growth.
📝  GJEPC seeks government support to promote diamond exports and protect jobs
📝  Gold and silver ETFs: The new-age alchemists spinning wealth in 2024
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Oil & Gas / OMCs

Reliance's Jamnagar 'super' refinery completes 25 yrs of operations
Reliance's Jamnagar refinery, an industrial marvel, turns 25
CII calls for cut in excise duty on fuel
CII urges Finance Ministry for measures to boost consumption in Union Budget 2025
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Coal / Mining

Union coal ministry expecting 15 per cent growth in coking coal production
The Union coal ministry is expecting a 15 per cent growth in coking coal production in 2025-25 at 77 million tonnes, crossing the half-way mark to the 140 million tonnes goal by 2030.
 
📝  India achieves record coal production of 997.83 MT in FY24, targets 1.5 BT by 2030
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Power

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025
New Delhi" India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock ‘Power for All' in 2025, besides meeting rising demand fueled by economic expansion.
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Renewable Energy

Outlook 2025: India's renewable sector strides unabated, industry leaders optimistic on future
New Delhi [India], December 29 (ANI): In recent years, India has made a considerable gain in renewable energy and the year 2024 is not an outlier as the sector leaders are of the view that the country is on the right track to meet its green energy goals.
A good year for renewable energy, better one to follow
Chennai: Even though the hullabaloo around transitioning to renewable energy has been very much alive in the industrial space, its usage in the domestic space got a fillip with the launch of the PM Suryagarh Muft Bijli Yojana in 2024. The programme has taken off well, with 6.38 lakh installations and 30 lakh applications. The National Green Hydrogen Mission took root in 2024, with contracts having been awarded for 4.12 lakh tonnes of green hydrogen to ten companies and 1,500-MW electrolyser capacity to eight companies.
Adani Green Energy incorporates new subsidiary for renewable energy
Adani Green Energy on Saturday incorporated a new wholly owned subsidiary — Adani Green Energy Sixty Eight Limited.
Jindals in Rs 12468 crore green power deal

JSW Energy has signed a definitive agreement to acquire a 4696 megawatt (mw) renewable energy platform from O2 Power Pooling Pte Ltd, jointly established by EQT Infrastructure & Singapore’s Temasek, for $1.47 billion (₹12,468 crore).
📝  Competition Commission of India starts study on renewable energy space across BRICS nations
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Nuclear Energy

After L&T, US company, Clean Core Thorium, partners with NTPC
Chennai: An Indian-promoted, US-headquartered company, Clean Core Thorium Energy (CCTE), has developed a nuclear fuel that can enable India to tap into its abundant thorium resources. It has announced a tie-up with NTPC, India’s largest integrated power company. This tie-up will help NTPC further its ambitions in the nuclear energy sector, into which it plans to foray. 
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International

📝  China will lower import tariffs on some recycled copper and aluminum raw materials
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