Metal News Global SCRAP REGISTER en-us 2018-02-21T08:43:11+01:00 India Aluminium Scrap prices remain flat; Aluminium Futures up on fresh buying>uploads/news/2018/2/7981741071519123765 India’s major aluminium scrap commodities prices remained flat on the Scrap Register Price Index as on Monday, while aluminium futures prices at India's Multi Commodity Exchange ended higher on fresh buying. India Brass, Copper Scrap prices advance; Copper Futures slightly down>uploads/news/2018/2/8286566961519122069 India’s major brass and copper scrap commodities prices advanced on the Scrap Register Price Index as on Monday, while copper futures prices at India's Multi Commodity Exchange dropped as trading volumes were remain thin with U.S. markets were closed on Monday for Presidents' Day and also the Shanghai Futures Exchange is closed for the Lunar New Ye US 2017 Gold Bar and Coin demand falls to lowest since 2007: WGC>uploads/news/2018/2/8972772301519107260 The United States has recorded the biggest drop in gold bar and coin demand of any country during the year 2017, according to the World Gold Council. United States gold bar and coin demand fell from 93 tons to 39.4 tons during the year 2017, its lowest level since 2007. ‘Silver to outperform Gold this year’>uploads/news/2018/2/12328211011519094608 In a recent report, Maxwell Gold, director of investment strategy and research at ETF Securities, said that he still expects silver to outperform gold this year, as investors adjust to growing industrial demand due to renewed global economic growth. Why India needs a Gold policy?>uploads/news/2018/2/2234520011519044135 India, a nation that accounts for around a fifth of annual global gold demand, has a long history of gold-focused policies. These, however, have often distorted the market rather than achieving policymakers’ aims. Announcements in the Union Budget on 1 February 2018, however, suggest this might change. Chinese Zinc demand edges up; Zinc production falls 1.4 percent>uploads/news/2018/2/9737643391519035363 Production of locally refined metal in China fell by 1.4 per cent compared with 2016. Chinese imports of mostly special high grade metal were 123 kt in November which brought the year to date figure to 575.5 kt, 174.5 kt higher than in January to November 2016. Higher taxes likley to weigh UAE Gold jewelry imports>uploads/news/2018/2/1654730561519023232 The consultancy cited two tax changes in recent years -- a 5% import duty on jewelry at the start of 2017 and a 5% value-added tax this year. This has accompanied a slump in gold jewelry imports into the UAE, with last year’s inflows roughly half those in 2014, analysts reported. India’s annual budget good for Gold in long term>uploads/news/2018/2/12479188211519045361 India’s annual budget is good for gold but only in the longer term, as authorities did not deliver the cut in duties that market participants had been lobbying for, said Standard Chartered. Peru bags 2nd largest Copper, Zinc and Silver producer title in 2017>uploads/news/2018/2/9853860451518787915 The country's silver production grew 16.9% in 2017 from the previous year. In addition, the report notes Peru produced a total of 155 metric tons of gold, equivalent to 5% of the world's output. India reviews anti-dumping duty on Steel wheels from China>uploads/news/2018/2/16770144791518774179 The Directorate General of Anti-Dumping and Allied Duties (DGAD), an investigation arm of the commerce ministry, would also examine whether the expiry of the duty is likely to lead to continuation or recurrence of dumping and hurt the domestic industry.