A current worth hike from NMDC has sparked curiosity within the inventory. It’s the key participant within the iron ore market and its fortunes are tied to metal offtake and costs.
World commodity markets have seen an increase in iron and metal costs primarily based on two expectations.
One is that world development excluding China will enhance on this calendar yr, as inflation is tamed.
The second is the large stimulus measures in China will assist the world’s second-largest financial system speed up development charges and pull it out of a near-deflationary cycle.
On the home entrance, India’s demand for metal will keep robust if authorities
First Printed: Jan 02 2024 | 8:47 PM IST