Preliminary exploration conducted by the geological department of the western Indian state of Rajasthan has confirmed iron ore reserves estimated at 840 million mt

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.

The total trading volume of 2403 contract on the exchange was 80544 lots, with a turnover of about 2636.619 million yuan.

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.

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

Indian silico manganese prices continue to rise owing to supply tightness.

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

Spot electricity prices in the day-ahead market at the Indian Energy Exchange (IEX) fell by 8%.