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Time of India
22-05-2025
- Business
- Time of India
India to seek lithium and copper under new trade tie from Chile to power clean energy and industrial growth, says experts
NEW DELHI: India may seek a stable supply of lithium and copper through the expanded new trade tie with Chile to boost its clean energy targets and industrial growth says experts. As India undergoes rapid industrial expansion and transitions toward cleaner energy sources, the demand for critical minerals like lithium and copper is expected to grow significantly. These minerals are essential for achieving India's clean energy targets, strengthening its manufacturing sector, and building robust infrastructure. Chile is one of the world's leading producers of lithium and copper, stands out as a strategic trade partner. This collaboration aligns with India's broader objectives of achieving energy security and expanding its electric vehicle (EV) ecosystem. "The India-Chile CEPA (Comprehensive Economic Partnership Agreement) enhances India's commodity security, export competitiveness, and access to future minerals," said Ajay Kedia , Director at Kedia Commodities in Mumbai. Chile plays a dominant role in the global lithium supply chain. According to the United States Geological Survey, Chile holds the world's largest lithium reserves, estimated at 9.3 million tons, and ranks third in total lithium resources after Bolivia and Argentina. Recent studies from Chile's northern Antofagasta salt flats suggest the country's lithium resources may be 28 per cent higher than previously estimated, further boosting its importance. Live Events Copper is equally critical for India, especially in sectors such as EV manufacturing, renewable energy systems, and electrical infrastructure. As the EV market expands, copper is increasingly used in batteries, motors, wiring, and charging infrastructure. India's reliance on a steady supply of these resources is reflected in its industrial activity. Domestic manufacturers across EV, battery, energy storage, and electrical equipment sectors are scaling up production to support clean energy goals. Copper, in particular, remains a key input for wire and cable manufacturing, automotive systems, and power transmission networks. Ajay Kedia believes that securing a stable mineral supply and boosting trade across Latin America through the CEPA will enable India to strengthen its position in global supply chains and drive long-term economic growth. "It strengthens India's position in the global supply chain for energy transition, offers new markets for Indian industries, and aligns with long-term national goals like Make in India and green mobility," he added. India and Chile are preparing to launch negotiations under the Comprehensive Economic Partnership Agreement. Following the finalisation of the terms of reference on May 9, talks are set to begin by May 26. The agreement is expected to enhance trade cooperation, particularly in critical sectors like minerals and clean energy.
India Gazette
21-05-2025
- Business
- India Gazette
India to seek lithium and copper under new trade tie from Chile to power clean energy and industrial growth, says experts
By Daksh Grover New Delhi [India] May 21 (ANI): India may seek a stable supply of lithium and copper through the expanded new trade tie with Chile to boost its clean energy targets and industrial growth says India undergoes rapid industrial expansion and transitions toward cleaner energy sources, the demand for critical minerals like lithium and copper is expected to grow significantly. These minerals are essential for achieving India's clean energy targets, strengthening its manufacturing sector, and building robust is one of the world's leading producers of lithium and copper, stands out as a strategic trade partner. This collaboration aligns with India's broader objectives of achieving energy security and expanding its electric vehicle (EV) ecosystem.'The India-Chile CEPA (Comprehensive Economic Partnership Agreement) enhances India's commodity security, export competitiveness, and access to future minerals,' said Ajay Kedia, Director at Kedia Commodities in Mumbai. Chile plays a dominant role in the global lithium supply chain. According to the United States Geological Survey, Chile holds the world's largest lithium reserves, estimated at 9.3 million tons, and ranks third in total lithium resources after Bolivia and Argentina. Recent studies from Chile's northern Antofagasta salt flats suggest the country's lithium resources may be 28 per cent higher than previously estimated, further boosting its is equally critical for India, especially in sectors such as EV manufacturing, renewable energy systems, and electrical infrastructure. As the EV market expands, copper is increasingly used in batteries, motors, wiring, and charging reliance on a steady supply of these resources is reflected in its industrial activity. Domestic manufacturers across EV, battery, energy storage, and electrical equipment sectors are scaling up production to support clean energy goals. Copper, in particular, remains a key input for wire and cable manufacturing, automotive systems, and power transmission Kedia believes that securing a stable mineral supply and boosting trade across Latin America through the CEPA will enable India to strengthen its position in global supply chains and drive long-term economic growth.'It strengthens India's position in the global supply chain for energy transition, offers new markets for Indian industries, and aligns with long-term national goals like Make in India and green mobility,' he and Chile are preparing to launch negotiations under the Comprehensive Economic Partnership Agreement. Following the finalisation of the terms of reference on May 9, talks are set to begin by May 26. The agreement is expected to enhance trade cooperation, particularly in critical sectors like minerals and clean energy. (ANI)
Mint
25-04-2025
- Business
- Mint
Gold price ratios signal early reversal: Is it time to book profits in the yellow metal?
Gold prices on the Multi Commodity Exchange of India (MCX) rebounded sharply on Thursday, gaining over 1% in line with a global rally in bullion prices. The uptick followed a wave of bargain hunting after a steep decline in the previous session. With MCX gold rate hovering near record highs, analysts caution that a potential reversal may be imminent, as several technical indicators point toward a possible near-term correction. On April 24, MCX gold prices surged past the ₹ 96,000 mark after having dipped below ₹ 95,000 in the previous session. MCX gold ended at ₹ 95,962 per 10 grams, up ₹ 1,240 or 1.31%. In contrast, MCX silver price eased 0.04% to ₹ 97,475 per kilogram. In the international market, gold prices rose on Friday and were headed for a third consecutive week of gains. Spot gold price rose 0.2% to $3,354.29 an ounce. Bullion hit a record high of $3,500.05 on Tuesday. US gold futures gained 0.5% to $3,365.90. Ajay Kedia, Director of Kedia Advisory, pointed to four key gold-based ratios that are signaling early signs of a reversal. These include the Gold/Silver, Gold/Platinum, Gold/Crude Oil, and Gold/Copper ratios. 'The sharp rise in gold's comparative strength against key industrial commodities is signaling an early warning of potential market reversals. All four ratios have surged into technically overbought zones, historically marking inflection points,' Kedia noted. Gold/Platinum Ratio has climbed to multi-month highs, underlining gold's significant outperformance relative to industrial metals. Gold/Silver Ratio is entering overbought territory, indicating heightened risk aversion and raising the likelihood of a mean reversion. Gold/Crude Oil Ratio has spiked, suggesting a shift in investor preference from energy to safe-haven assets — a trend often associated with concerns over economic growth. Gold/Copper Ratio is at historically elevated levels, typically seen during periods of economic slowdown and industrial sector weakness. According to Kedia, these ratios collectively indicate a sectoral imbalance and the growing possibility of a near-term reversal in gold prices. Historically, such divergences have preceded market rotations that favor undervalued industrial commodities over overbought precious metals. The Gold/Silver ratio and Gold/Platinum ratio, often viewed as indicators of market risk sentiment, are at multi-month highs, suggesting a broad shift away from industrial to safe-haven assets. Meanwhile, the Gold/Crude Oil and Gold/Copper ratios — used as barometers of economic momentum versus inflation hedging — are flashing cautionary signals. The elevated Gold/Copper ratio, in particular, is nearing levels not seen since major economic downturns. 'These stretched valuations imply that gold's recent outperformance may not be sustainable without a corrective phase. Industrial commodities, by contrast, appear poised for a potential rebound,' Kedia said. He further emphasized that this divergence between precious metals and industrial assets may be an early indication of a broader market rebalancing or a return of risk-on sentiment. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 25 Apr 2025, 07:38 AM IST
Yahoo
16-04-2025
- Business
- Yahoo
US cotton exports to India rise on lower prices, tariff uncertainties
By Noel John (Reuters) - U.S. upland cotton exports to India have risen in the past few months fueled by global tariff conflicts, declining American prices and rising demand in the South Asian country, industry experts said. Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period, according to the U.S. Department of Agriculture's (USDA) data. The exports hit an over 2-1/2-year high in the week of February 20. The increase comes as Washington-Beijing trade tensions escalate, reducing U.S. cotton exports to China. China will impose 125% tariffs on U.S. goods, up from the 84% previously announced, the finance ministry said on Friday. With these tariffs and a drop in China's demand, upland cotton grown in Texas and other regions is now finding a market in India, according to Ajay Kedia, director of Kedia Advisors. At the same time, exports to China are expected to decrease, said Justin Cardwell, head of research and technology at Alternative Option. India is the world's second-largest cotton producer after China, as well as one of the world's largest cotton yarn processors and exporters. However, declining yields have recently turned the country from a net exporter to a net importer of the fibre. India mainly imports Extra Long Staple (ELS) cotton from the U.S., benefiting from a 10% duty exemption, unlike short staple cotton which has an 11% import duty. "The U.S. ELS cotton remains cost-effective for many Indian buyers due to its higher ginning efficiency, better lint yield, and superior fibre quality," said Kedia. The Cotton Association of India (CAI) this year lowered its cotton production estimate by 250,000 bales to 30.1 million bales, marking a 7.84% drop from the 2023-24 season. ICE cotton futures have dropped nearly 5% so far this year. India could see a cotton shortfall of 2.5 million bales this year, a gap that could be bridged with increased imports, said Y. G. Prasad, director of Central Institute for Cotton Research. India's cotton imports in 2024/25 are expected to double due to falling production, according to the CAI. India also imports cotton from Australia, Brazil, and Egypt. Sign in to access your portfolio
Reuters
16-04-2025
- Business
- Reuters
US cotton exports to India rise on lower prices, tariff uncertainties
April 16 (Reuters) - U.S. upland cotton exports to India have risen in the past few months fueled by global tariff conflicts, declining American prices and rising demand in the South Asian country, industry experts said. Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period, according to the U.S. Department of Agriculture's (USDA) data. The exports hit an over 2-1/2-year high in the week of February 20. The increase comes as Washington-Beijing trade tensions escalate, reducing U.S. cotton exports to China. China will impose 125% tariffs on U.S. goods, up from the 84% previously announced, the finance ministry said on Friday. With these tariffs and a drop in China's demand, upland cotton grown in Texas and other regions is now finding a market in India, according to Ajay Kedia, director of Kedia Advisors. At the same time, exports to China are expected to decrease, said Justin Cardwell, head of research and technology at Alternative Option. India is the world's second-largest cotton producer after China, as well as one of the world's largest cotton yarn processors and exporters. However, declining yields have recently turned the country from a net exporter to a net importer of the fibre. India mainly imports Extra Long Staple (ELS) cotton from the U.S., benefiting from a 10% duty exemption, unlike short staple cotton which has an 11% import duty. "The U.S. ELS cotton remains cost-effective for many Indian buyers due to its higher ginning efficiency, better lint yield, and superior fibre quality," said Kedia. The Cotton Association of India (CAI) this year lowered its cotton production estimate by 250,000 bales to 30.1 million bales, marking a 7.84% drop from the 2023-24 season. ICE cotton futures have dropped nearly 5% so far this year. India could see a cotton shortfall of 2.5 million bales this year, a gap that could be bridged with increased imports, said Y. G. Prasad, director of Central Institute for Cotton Research. India's cotton imports in 2024/25 are expected to double due to falling production, according to the CAI. India also imports cotton from Australia, Brazil, and Egypt.
