Latest news with #price discovery
Reuters
23-07-2025
- Business
- Reuters
India to start market coupling for power exchanges from January
July 23 (Reuters) - India's power regulator on Wednesday said it had decided to begin implementing market coupling in a phased manner for electricity trading from January. Market coupling is an economic model used in energy markets to create a single, uniform price for electricity across different trading platforms or exchanges. The regulator's move is aimed at improving price discovery and system efficiency. The Central Electricity Regulatory Commission (CERC) said in an order that the day-ahead market segment of all power exchanges will be coupled using a common system. Under the new system, power exchanges will take turns acting as the market coupling operator. Grid-India will serve as a backup and audit operator. The CERC said it would consider coupling the real-time market and other segments like the term-ahead market at a later stage, after more pilot runs and consultations. All power exchanges have been directed to share data with Grid-India and the CERC to support the rollout, the regulator said. The CERC said it would issue further orders based on the progress of implementation. Currently, the Indian Energy Exchange ( opens new tab is the country's most prominent platform for electricity spot price discovery. However, with the introduction of market coupling, other power exchanges will also act as market couplers. Analysts say this could reduce the IEX's dominance in price discovery and affect its market share.
Yahoo
14-07-2025
- Business
- Yahoo
Binance Wallet Takes on Pump.fun and Bonk.fun With New Four.Meme Partnership
Binance will introduce a new token sale model within its Wallet, utilizing a bonding curve mechanism for price discovery in a partnership with the ecosystem that goes live on July 15. Bonding curves adjust token prices in real-time based on demand: the more that users buy, the higher the price climbs. Tokens bought during the event are non-transferable until the sale ends and buy orders can't be canceled. The announcement comes as token launchpads and see ever-growing volumes and user interest. launched in January 2024 as Solana's premier memecoin factory, handling over 11 million token creations and generating more than $800 million in fees. Its bonding-curve AMM lets anyone launch a token, locking in 80% supply to guarantee instant liquidity — instantly turning ideas into tradable coins and making 'viral memecoins' accessible with a click. has ripped to the lead, capturing over 55% of Solana's token issuances, fueled by a fee structure that directs 50% of fees to BONK buybacks and burns — which removes over $500,000 of BONK daily. Binance stated that its dynamic system will enable early participants to gain exposure before listings on Binance Alpha or DEXs. Still, it also locks capital for the duration of the event and introduces price volatility from the outset Users can exit early by selling back into the bonding curve before the event ends, assuming there's demand. Otherwise, tokens unlock at the close and can be traded freely if listed. The math is simple but risky: if the curve steepens too quickly, late entrants pay significantly more. If early participants dump, prices can collapse before listings begin. ecosystem is valued at around $368 million as of Monday, and will be the first to test the format on Binance Wallet. It may not necessarily rush to buy wherever tokens are launched. A warning on the Binance Alpha alerts users that these tokens are associated with 'increased price volatility, higher risks,' and lack guaranteed liquidity. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
10-07-2025
- Business
- Entrepreneur
Rare Earth Crisis: Vedanta Is On a Mine To Magnet Strategy
Once the exploration efforts of rare earth bear viable fruit, the authorities can opt for a price discovery model. This will mitigate the key challenge of limited geological exploration data and turn this sector into an investor-friendly one, says Priya Agarwal Hebbar, chairperson, Hindustan Zinc You're reading Entrepreneur India, an international franchise of Entrepreneur Media. China's export restriction on rare earth is choking India. Precursory events could have hinted at the future. "In October 2023, a rare earth shipment bound for India was delayed for weeks due to new export controls imposed by China. The consignment, essential for manufacturing high-performance magnets used in electric vehicles, sat at a foreign port, stalling production lines and sending ripple effects across downstream industries. It was a reality check! A reminder of what happens when 90 percent of India's magnets come from one single source country, this is exactly why India's journey to self-sufficiency in critical minerals is no longer a choice but a strategic necessity," said Priya Agarwal Hebbar, chairperson, Hindustan Zinc Ltd; non-executive director, Vedanta Ltd. Although India holds the third-largest reserves of rare earths globally, at approximately 6.9 million tonnes, it contributes less than two percent to the global supply chain. Without domestic magnet-making capacity, EVs, wind turbines, and defense sectors will stay exposed to foreign supply risks. As the mining pioneer, Hindustan Zinc is attempting to change the narrative. With an investment outlay in low-impact, high-yield technologies, biodiversity offsets, and local partnerships, it has plans to commit $20 billion in various projects across metals, mining, hydrocarbons, rare earths and critical minerals over the next five-six years. Changes Taking Place "We have already secured a rare earth block in Uttar Pradesh and are exploring ways to recover rare earth elements (REEs) from mine tailings at Hindustan Zinc. Our goal here is to extract more, refine better, and build domestic supply chains from mine to magnet. When opportunities arise whether in India's auctions or abroad, we can act quickly and with capital readiness. We do not have a resource gap, but a processing and value addition gap. Today, we still export raw rare earths like neodymium to countries like Japan, without building the downstream magnet-making capabilities here. That has to change, and we want to be part of that solution," she said. The Indian government has opened up mineral and rare earth element exploration to private companies, including thirteen acreages for auction. India imported over 53,000 tonnes of rare earth magnets last year, with more than 90 percent coming from China. India lacks large-scale separation plants for rare earths. "Most of our Monazite and Bastnaesite ores, which are rich in valuable REEs, are either underutilized or sent abroad for refining. That needs to change fast. Pilot facilities for separation and alloying are now being built, including one by IREL in Odisha. But unless these scale quickly and feed into downstream users, our reserves alone won't solve the problem," she explained. What's Next In the Pipeline? Understanding the current situation, the government has now identified this as a priority, and a INR 1,000 crore PLI-style scheme for permanent magnets is expected to launch soon. "To fast track the rare earth security, we need to move away from the auction system and bring India's best metals and critical minerals companies to the forefront to explore these blocks. Once the exploration efforts bear viable fruit, the authorities can opt for a price discovery model. This will mitigate the key challenge of limited geological exploration data and turn this sector into an investor-friendly one," she added. "At Vedanta, our focus is on circular innovation, recycling REEs from tailings at Hindustan Zinc and reducing our waste footprint. We see this as a practical, scalable model that can supplement India's raw extraction efforts. We're also closely watching policy around REE value addition zones. If those are developed with shared infrastructure, they can dramatically cut our timeline to scale," she said. Removing Roadblocks To power Make in India, one must go beyond auctions. The current auction regime treats critical minerals in almost the same manner as bulk minerals. Auctions may not be the best way to operate critical mineral blocks, this has resulted in reluctance from experienced private and foreign players as the successful recovery rate for these minerals is very low and requires extensive investments in exploration, refining, production facilities and technological prowess. "In addition, this has resulted in companies with almost no demonstrated expertise in mineral processing entering the critical mineral segment. In national interest, the solution to this can be a consortium of the top five mining companies of India with a demonstrated track record to explore these blocks and assess the viability of mineral extraction, post which the price discovery process can start," she said, explaining the blocks to self-sufficiency in critical minerals. With vast deposits of Lithium, Vanadium, Nickel, and Graphite across the Northeast, Chhattisgarh, Rajasthan, and Maharashtra, India has the foundation. But less than 20 percent of this potential has been explored. "The government's push through the National Critical Minerals Mission is a pivotal move. Already, 34 of the 55 auctioned blocks have been successfully allocated. Vedanta has secured 10 of them, spanning Cobalt, REEs, Vanadium, Graphite, and Potash," she concluded.
