Day: February 18, 2023

Feb 18

Battery metals outlook: How can Africa leverage demand?

The growing adoption of electric vehicles is driving a rapidly increasing demand for rechargeable batteries and their input commodities – including lithium, cobalt, graphite, manganese. Director of Mining at Modern Corporate Solutions PETER MAJOR gives HLENGIWE MOTAUNG a forecast for the short and long-term future of battery metals into the year 2030. Major starts by saying that, as the demand for battery metals increases, Africa needs to equally gear up for a review and altering of unreasonable policies, and, most Read Full Details…

Feb 18

A by-the-numbers look at lithium, a key commodity for automakers

After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world. Batteries are a foundational technology in the transition away from fossil fuels. And in order for automakers to electrify their fleets and renewable energy developers to meet their aggressive goals, the world will have to make a lot more of them. At least for now, lithium is in almost every EV battery, and that means Read Full Details…

Feb 18

Industry’s Take On What Global Slowdown Could Mean For Exports

The RBI says global slowdown will be milder than earlier anticipated, but its trajectory remains unpredictable. The government has already advised Indian exporters not to let their guard down even though fears of a deep recession settle into a softer territory. A word of caution to exporters with respect to preparing for the slowdown and climate tariffs from other countries has also been sounded by the Ministry of Finance. At a post-budget interaction with industry body Assocham on Wednesday, Finance Read Full Details…

Feb 18

Notification Under S. 5 of FTDR Act Can’t Be Applied Retrospectively To Refuse Advance Authorization To Importer: Delhi High Court

The Delhi High Court has ruled that a notification issued under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (FTDR Act), which empowers the Central Government to formulate and announce the foreign trade policy, cannot be applied retrospectively by the Central Government. The bench of Justice Prathiba M. Singh held that once a notification issued under Section 5 of the FTDR Act is quashed by the Court, the same cannot be relied upon by the Directorate General Read Full Details…

Feb 18

Export-Import Bank of India reports standalone net loss of Rs 65.84 crore in the December 2022 quarter

Net Loss of Export-Import Bank of India reported to Rs 65.84 crore in the quarter ended December 2022 as against net loss of Rs 105.70 crore during the previous quarter ended December 2021. Total Operating Income rose 44.74% to Rs 2713.21 crore in the quarter ended December 2022 as against Rs 1874.56 crore during the previous quarter ended December 2021. ParticularsQuarter EndedDec. 2022Dec. 2021% Var.Total Operating Income2713.211874.56 45 OPM %69.78110.65 -PBDT-65.79941.73 PL PBT-65.79941.73 PL NP-65.84-105.70 38Powered by Capital Market – Read Full Details…