ADVERTISEMENT
COPPER: Copper futures fell below the $3.55 mark in late October, hovering around their lowest level in a year over concerns of lower demand compounded by rising inventories at the world’s major exchanges. In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes. With prices expected to stay benign, margins of input users (energy technologies, electronics, vehicles, and electrical grids) will be far better than those of the domestic producers.
COAL: Rising coal production on the back of increasing power demand has pulled down coal futures to $135 per tonne in 2023, a two-year low. The price of coal was around $400 per tonne at the beginning of the year. Average annual coal prices are predicted to stay lower during the year compared with 2022. While at home, e-auction prices determine Coal India’s profitability, analysts believe the downside is limited as Coal India’s prices are still at a discount to global prices.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
WOOL: After hitting its historical all-time high of 2,101 (AUD/100Kg) in September 2018, wool prices have been on the decline. In 2023, prices have come off 188 AUD/100Kg, or 14.17%, since the beginning of January. India being one of the biggest importers of wool owing to insufficient domestic production, weak prices will be a big boost to local apparel and carpet makers.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.