| Daily Pour |
Date : 14/08/2017 Issue No. :1370/17-18
Compiled By : Shyamal Aroskar, Asst. Dir.-WR
B.Ramchandran, Chennai
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| IIF News |
"Ujade nahee apana chaman, tute nahee apana vatan Mandir yahaan,
masjid yahaan Hindu yahaan, muslim yahaan Milke rahe ham pyaar se, jaago"....
Hindustani naam hamaara hai Sabse pyaara desh hamaara hai
HAPPY INDEPENDENCE DAY
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| Thought of the Day |
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| News Letter Supported By |
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| Today's Top Raw Materials Headlines |
*** Russian ferrovanadium prices firm
*** Russian ferrosilicon prices stable
*** European ferrotitanium market remains flat
*** Chinese 201 grade stainless CRC prices rise obviously
*** Chinese zirconium silicate prices flat
*** Fluorspar supply becomes tight in northwest China
*** Chinese ferromolybdenum prices tend to be stable
*** Chinese bismuth ingot market still sees limited deals
*** Chinese medium carbon ferromanganese prices hold firm
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| Raw Material News |
No renewal of insurance for vehicles without pollution certificate,says SC
Among the other slew of directions, the bench headed by Justice Madan B Lokur also asked the Ministry of Road Transport and Highways to ensure that all fuel refilling centres in the National Capital Region (NCR) have PUC centres.
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Social Media Analytics Market Worth 9.54 Billion USD by 2022
PUNE, India, August 10, 2017: According to a new market research report "Social Media Analytics Market by Application (Sales and Marketing Management, Customer Experience Management, Competitive Intelligence), Component, Analytics Type, Deployment, Organization Size, Industry Vertical, and Region - Global forecast to 2022", published by MarketsandMarkets, the Social Media Analytics Market size is expected to grow from USD 2.71 Billion in 2017 to USD 9.54 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 28.6pc
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Global Stainless Steel Output Surged 15% In Q1 2017
According to latest statistics published by the International Stainless Steel Forum (ISSF), the global stainless steel production increased considerably by 14.5% during the initial three month
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| Industry News |
BHP turns to electric car batteries to recharge its nickel business
The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.
Eduard Haegel, division chief of BHP Nickel West, said the company planned to spend more than $43 million building a nickel processing plant near Perth, Australia as part of a broader plan to reposition the business around batteries.
Haegel told the "Diggers and Dealers" conference in Australia he expected demand for batteries used to power electric cars to account for about 90 percent of Nickel West's output within five or six years, replacing traditional markets, such as stainless steel makers.
"Electric vehicles currently account for a very small percentage of global production, but their sales are growing quickly," Haegel said in a speech.
This growth was driven by consumers' search worldwide for less polluting and more energy efficient technologies, and as battery prices fall, he added.
The production and use of electric cars is projected by global financial services firm Morgan Stanley to rise to 2.9 percent of 99 million new vehicles in 2020 and to 9.4 percent of 102 million new vehicles in 2025, from 1.1 percent of 86.5 million this year.
By 2050, 81 percent of 132 million new auto sales will be electric, Morgan Stanley says.
Last year, BHP produced 85,000 tonnes of nickel, or just under 5 percent of world supply.
"We have concluded that Nickel West needs to reorientate towards a new industry," Haegel said.
Most electric vehicles rely on lithium-ion batteries, with the main component comprised mostly of nickel.
The new plant will convert nickel into a valuable form of sulfate. Nickel sulfate is a powder-like substance particularly suited for use in batteries, which consistently fetches a price premium over London Metal Exchange-traded nickel.
Just over two years ago 2,000 Nickel West workers were told to expect operations to end by 2019
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Truck makers to move from basic economy trucks to value trucks
The Indian truck manufacturers are moving away from basic economy truck to value trucks. Research & Consulting firm Forst & Suvillian in report stated that with growing volumes, regulatory changes, and the entry of new global players, customers are looking beyond a low-cost product toward productivity and efficiency at a price premium.
This gives a distinct advantage to market participants that have the ability to provide complete truck solutions to customers. The challenge is that value trucks currently account for less than 10 percent of the market, with volatility in freight rates, high fuel prices, and overcapacity slowing investment. Nevertheless, user focus on higher productivity, efficiency, and lower total ownership costs will steadily push value truck growth rates ahead of the economy trucks segment.
“Higher reliability and productivity are the major benefits of value trucks with overall cost of ownership being the major USP,” said Sunny Manjani, Program Manager, Mobility Practice, Frost & Sullivan. “However, the poor availability of drivers and growing importance of comfort and safety will require value-added services to be packaged in the value truck offerings for increased uptake and customer retention.”
While other significant trends shaping the Indian heavy duty trucks market include improving power-to-weight ratio of Indian heavy duty trucks, which are expected to reach current levels of those in China and South Africa within three to four years. Apart from this, immense potential for value trucks in South Asia, ASEAN, Africa and the Middle East that will encourage Indian OEMs to look at a larger market and compete with Japanese, Chinese, European, and South Korean OEMs offering value trucks.
Intensifying demand from cement, parcel, coal, and infra development industries that will propel truck makers to explore customized solutions for better returns.
“Market-leading, homegrown players should invest more in technology as well as look for more opportunities in export markets,” noted Manjani. Their future-ready technology will enable entrants like BharatBenz (Daimler India Commercial Vehicles) and VECV (Volvo and Eicher) to become formidable players in the coming decade. Other major participants in the India heavy duty truck market include Tata Motors, Ashok Leyland, Mahindra, and SML Isuzu
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| Life Style & Management |
HAPPY KRISHNA JANMASHTAMI !!!
Krishna was born in the darkness of the night, into the locked confines of a jail.
However, at the moment of His birth, all the guards fell asleep, the chains were broken and the barred doors gently opened.
Similarly, as soon as Krishna (Chetna, Awareness) takes birth in our hearts, all darkness (Negativity) fades.
All chains (Ego, I, Me, Myself) are broken.
And all prison doors we keep ourselves in (Caste, Religion, Profession, Relations etc) are opened.
And that is the real Message And Essence of Janmashtami.
Happy Janmashtami
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| Jokes All the Way |
The Institute of Indian Foundrymen
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