Zida Gets U.S.$7 Billion Mining Investment Deal.

On February 19th, the APNI released INPI Index.

The Ministry of Energy and Mineral Resources (ESDM) said that the target for the obligation to supply coal for domestic use or Domestic Market Obligation (DMO) in 2024 is larger than last year.

Indian ferro silicon (FeSi:70%) prices remained largely stable, with a minor drop by INR 50/t ($1/t) ex-Guwahati and Bhutan.

Prices of Indian imported manganese ore Mn: 37-46% remained consistent.

Indian ferro manganese (HC70%) prices rose as export inquiries continue to move on an upward direction w-o-w.

OMC has adjusted the base price marginally for its forthcoming auction of 56,000 t of chrome ore from South Kaliapani and Sukrangi mines on 19 Feb'24.

On 16 February, Indian ferro chrome (HC 60%, Si:4%) prices stayed stable showing a slight decrease.