News

New Delhi: JSW Steel Ltd has announced the formation of a 50:50 joint venture with Japanese steel manufacturer JFE Steel Corporation to produce grain-oriented electrical steel in India.

Steel Industries have proposed exemption of customs duty on roasted Molybdenum Concentrate, Ferro Molybdenum and Ferro Nickel Molybdenum and zero customs duty on Steel, Stainless-Steel Scrap coking coal and PCI coal.

Singapore-based start-up Atomionics has rolled out its technology that uses gravity and artificial intelligence to define ore bodies to its first customer, which the company says could cut costs and speed the development of minerals projects.

Public sector coal companies have made an investment plan of Rs 2.5 lakh crore by 2030 towards "new business", India's Union Minister Pralhad Joshi said on Tuesday. The investment will be utilised to increase their capacity and usage of green energy, the Union Minister for Coal and Mines said at a session of Indian Construction and Equipment Manufacturers Association (ICEMA) organised by industry body CII.

As the US and Europe rush to secure supplies to underpin their push into green technology, China has control over so many key elements, from lithium and cobalt used in batteries for electric vehicles to rare earth metals needed for high-strength magnets in wind turbines. Vital dominates the market for a range of so-called minor metals that feature majorly in lists of critical minerals published by the US, European Union, UK and Australia.