Prices have boomed worldwide this year, smashing record after record. Roaring industrial demand is propelling those rallies, with plants straining to boost supply after lying dormant during the pandemic. On top of that, powerhouses China and Russia are trying to limit exports to help other industrie

We upgrade NMDC to Buy pursuant to the company’s board approving the scheme of arrangement for demerger of its steel plant. In our view, the board’s approval is a definitive step in the direction of possible divestment of the steel plant and the Street has not attributed any value to the plant (CWIP