Govt puts 21 critical mineral blocks under the hammer
The Union ministry of mines on Monday put 21 blocks of critical minerals including phosphorite, nickel, and potash under the fourth tranche of the critical minerals auction.

Ministry scraps critical mineral block auctions
New Delhi: India’s Mines Ministry has annulled auctions for 14 critical mineral blocks - that were put up in the second tranche - for want of requisite number of bidders. Nearly 78 per cent of the blocks put up for auction in the second tranche stand annulled. The blocks annulled cover minerals such as graphite, tungsten, cobalt & manganese (including poly metallic nodules), potash among others. 

Indian steel exports struggle against China’s ultra-cheap shipments
New Delhi: Indian steel exports are struggling and are likely to face continued challenges, as overcapacity and weak domestic demand in China prompt the world's second-largest economy to flood the global market with ultra-cheap steel.

Adani, Hindalco show interest as Hindustan Copper plans to develop two mines, source says
Adani, Hindalco show interest as Hindustan Copper plans to develop two mines
The Hindu Business Line

Gem, jewellery exports down 6% in May on weak demand
Mumbai: Gem and jewellery export last month was down 6 per cent to $2.48 billion (₹20,713 crore) against $2.65 billion (₹21,796 crore) for the same period last year due to the economic uncertainties in the global markets.

Gold slips Rs 10, silver down Rs 100; yellow metal trading at Rs 72,220

The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 66,240.

Oil eases as strong dollar weighs on commodities markets
Oil prices inched down on Monday as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts.

India Storage Alliance demands cut in GST on batteries, charging infrastructure
 

Coal India gets Finmin nod to list arms BCCL and CMPDI
State-owned Coal India is in the process of appointing a consultant to proceed with the listing of its subsidiaries – Bharat Coking Coal Limited (BBCL) and the Central Mine Planning and Design Institute (CMPDI), the company’s Chairman and Managing Director P.M. Prasad told FE.

Is the sun shining on renewables? Find out what power industry can expect from Budget 2024?
Renewables, especially in the power sector have been at the centre of lot of discussion and in keeping with its green energy commitments and goal of reaching net zero by 2070, the government had  announced various new initiatives encouraging sustainable energy and electric mobility in the interim budget 2024-25. Now, all eyes are on the upcoming budget and a lot of speculation about the launch of schemes have been made for the power and renewable sector.

L&T’s Power Transmission & Distribution biz bags order worth Rs 1000- Rs 2500 cr to build solar panel, battery energy storage plant
Larsen and Toubro (L&T) on Monday announced that its Power Transmission & Distribution (PT&D) vertical has secured a domestic order to build a grid-connected 185MW Solar PV Plant along with a Battery Energy Storage System (BESS) having multitudes of MWh capacity. 

Iron ore futures plummet to two-month low on leak steel demand in China
Prices of iron ore futures extended losses on Monday to their lowest levels in more than two months, pulled down by signs of dull steel consumption in top consumer China and a stronger U.S. dollar.