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The first factor is bearish for prices, as China's steel output may fall on lockdowns in some producing areas, such as Tangshan, as well as the potential hit to economic growth. The second could be both bearish and bullish, depending on how the conflict between Russia and Ukraine plays out.
The LME suspended nickel trading on March 8 after prices spiked by more than 50% to over $100,000 a tonne. It resumed trading on March 16 but has adjusted the trading limit down each day since then.
This would require engaging at the start with affected communities, securing benefits for them, making project plans more transparent and incorporating environmental justice into every project.
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The most significant boost will come from the currency benefit, which may add more than ₹1,500 crore to its operating profit this fiscal year, as per an ETIG analysis, if the currency exchange rates remain at the current levels.
In the past six months, December 2021 to May 2022, Tata Motors overtook Hyundai India in the domestic market by twice and became the second largest passenger vehicle maker in the country.
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