According to S&P Global Commodity Insights, the demand spike, estimated to be over 30 per cent in ports across India and Sri Lanka, has been primarily attributed to longer voyages undertaken by ship owners and charters to circumvent the Red Sea region.
China is home to over 35 per cent of the world's rare-earth metal reserves. Currently, China dominates the REE industry, providing 85 per cent of the world's supply in 2016. Reports state that while demand surged, production increased by more than 27 per cent in the first half of 2021, and R
Karachi [Pakistan], September 12 (ANI): Pakistan is facing a surge in medical oxygen demand as it's struggling to turn the tide on the fourth wave of the COVID-19 pandemic, local media reported on Sunday.
New Delhi [India], January 20 (ANI): With the peak electricity demand in the country crossing 1,85,820 Megawatt, the highest-ever recorded, Union Power Minister RK Singh on Wednesday said that the surging demand for power is a certain indicator of India's economy getting back on track.
Washington D.C. [India], May 23 (ANI): E-commerce company Amazon India recently announced that it is hiring around 50,000 seasonal roles to successfully meet the surge in demand from people on Amazon's online shopping services.
Hyderabad (Telangana) [India], Jun 2 (ANI): Dates have always been an inseparable part of the holy month of Ramzan, when the faithful end their long hours of fasting with iftar, that is traditionally begun by consuming dates.