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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety NSE gets MCA approval to launch National Coal Exchange of India Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Iranian crude returns to India after seven years as tankers dock at key ports India's March palm oil imports fall 19% to three-month low Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Gold futures drop ₹1,363 to ₹1,52,071/10g India targets 30 lakh PNG connections amid LPG supply concerns Crude oil futures rise on Hormuz disruptions, Saudi attack reports Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% No LPG shortage in country, vessels continuously coming to India via Hormuz: Petroleum Secretary Neeraj Mittal Russia offers sanctioned LNG to energy-hungry Asia at a discount Crude oil futures rise after Israeli attacks on Lebanon West Asia Conflict: Natural gas allocation to fertiliser sector upped to 95% Oil and Gas prices plunge after US and Iran agree to a ceasefire US ceasefire may boost LPG, LNG supplies to India in short term Natural Diamond Council celebrates ‘World Diamond Day’ India set to get first Iranian crude oil cargo in 7 years Crude oil futures crashes 6% to hit lower circuit as US-Iran ceasefire cools tensions Gold rises to near three-week high as Trump pauses attacks on Iran India’s green energy drive faces critical minerals hurdle amid global race Oil plunges, stocks surge as US-Iran ceasefire sparks global market rally Freight surge, logjam hurts egg exports despite strong demand Sugar consumption in April may fall by 2 lakh tonnes on cool weather and LPG scarcity Industry body urges Maharashtra to retain inspector-free fertilizer policy Government amends mining rules to boost critical mineral exploration and self-reliance Silver futures decline ₹1,479 to ₹2.31 lakh/kg as geopolitical risks lift inflation outlook IGX gas trade rises 28% YoY in FY26 to record 76.8 million MMBtu India returns to buying Venezuelan crude to ease supply crunch Crude oil futures hit record ₹10,888/barrel; WTI touches $116 Crude oil futures rise after Trump threatens Iran over Hormuz deadline Prices of essential food items are not unusually volatile, says Govt NSE to launch Brent Crude futures based on Platts benchmark West Asia crisis hits activated carbon exports as costs surge amid shipping woes Crude oil futures rise to ₹9,284/barrel as Trump threatens Iran over Hormuz blockade Saudi Arabia hikes Arab Light May OSP for Asia to record $19.50/bbl Crude oil unlikely to fall to $70 in 2026, may remain at $80-85; risks to growth, inflation: UBI report Kharif 2026: Crystal Crop Protection launches fodder seed products Brent crude edges up as Trump issues ultimatum to Iran OPEC+ to raise output in May as Russia, Saudi Arabia lead increase OPEC+ output hike overshadowed by Strait of Hormuz disruption Crude Check: Strength Intact Five EU countries call for windfall tax on energy companies amid Iran war India resumes energy trade with Iran after seven years Iran, Saudi LPG shipments arrive, unload at New Mangalore Port India buys oil from Iran for first time in 7 years with no payment issues Govt says fuel supplies sufficient despite war disruption, avoid panic buying West Asia Conflict: Russia offers topping up supplies of crude, fertilisers, LNG to India Iranian Oil cargo to India diverts to China amid payment dispute Central banks gold purchases net up in February, but Russia, Turkiye sell BuzzBallz clocks 3x monthly growth in Bengaluru, eyes Maharashtra and Goa expansion India’s 2026-27 peanut output may rise 3% on higher area Hindustan Zinc mined metal production up 2% in 2025-26; silver down 9% Basmati exporters seek relief as shipping lines levy charges amid disruption due to war Tanker carrying Iranian crude oil shifts course from India to China Oil prices surge while Asian share prices rise moderately Trump to reduce steel, aluminum tariff rates for derivative products, sources say West Asia conflict erodes Qatar’s share in India’s LNG imports to record low in March India procures 6% more rice from farmers in 2025-26 kharif marketing season OPEC+ likely to weigh further oil output hike on Sunday, sources say Reliance SEZ refinery exempt from diesel, ATF export tax: Govt OMCs face losses as crude tops $100 while fuel prices remain unchanged
Rocklink India opens lithium-ion battery recycling plant to boost rare earth ecosystem
2026-04-23 · via Commodity Market, Commodities News Today | The HinduBusinessLine

Rocklink India has opened a lithium-ion battery recycling facility in India as part of its efforts to build a domestic ecosystem for recycling of critical and rare earth minerals, said Leonard Ansorge, Director, Rocklink India Private Ltd.

Commenting on the key development for the company in India, Ansorge told ANI, “(Today is) the opening of our facility as well as the opening of our first lithium-ion battery recycling plant here in India,” on the sidelines of the launch of the facility at Sikandrabad industrial area in Bulandshahar district of Uttar Pradesh, nearly 60 km from the national capital New Delhi.

He said the plant has been designed with significant processing capability. “Capacity here as installed of today is 10,000 tons of input capacity, which enables us to produce up to 5,000, 6,000 tonnes of blackmass,” he said.

Focus on lithium-ion batteries and rare earth materials

Rocklink India is engaged in the recycling of particular raw materials, mainly focusing on lithium-ion batteries as well as permanent magnets, he said.

He added that the plant is capable of handling a wide range of battery inputs. “The raw material that we process here are batteries. So lithium ion batteries, all types,” he said.

“So the two groups that we focus on is the batteries and the magnets. That relates or translates into cobalt, nickel, lithium, manganese, as well as the rare earth, which are lanthanides, neodymium, dysprosium, and terbium,” he added.

On the potential contribution of recycling to India’s rare earth demand, Ansorge said, “At the end of the day, there is no real data available in the markets right now. It’s quite early to say that, but in general, my estimate would be around 5% of the total demand and growth that we are foreseeing in the Indian market could be potentially covered by recycling,” he said.

He, however, clarified that recycling alone cannot meet the country’s requirements. “However, it will never turn the picture overall, so the primary refining of materials will always be required to catch up with the demand in the Indian market for NdFeB magnets,” he said.

Expansion plans and global demand outlook

Ansorge added that demand for magnets is rising globally. “There is obviously a CAGR growth of probably 10% plus, as you see that in the global markets as well,” he said.

On future expansion, Ansorge said the facility has been built with scalability in mind. “So the plant was made for future capacity, for future volumes available in the markets,” he said, adding that the company plans to introduce dry processing capabilities to handle scrap from upcoming cell manufacturing units in India.

“So we expect that the capacity of the wet processing plant is sufficient for the materials available in the next couple of years. However, we want to add dry processing plants that enable us to treat the scrap that will rise from the cell manufacturing companies that are now being commissioned in India,” he said.

He also indicated plans to expand operations geographically. “As of now, we’re still looking into a site in southern India... however, we focus on expanding that site here in the first place,” he said.

On rare earth processing, Ansorge said the company is working towards adding further capabilities.

“We try to play our part here as well, establishing a research laboratory, partnering with our long-term partner, BatX Energies, to develop a rare earth processing plant that will be established in around one year at this site as well,” he said.

Industry challenges and evolving market dynamics

Highlighting industry challenges, he said the availability of raw material remains a constraint. “In rare earth and in batteries, it’s a supply of materials... there is still a quite dependency on the informal sector,” he said, adding that volumes for magnet processing are currently limited.

Ansorge also pointed to evolving market dynamics, noting that demand for finished products in India remains limited. “We are seeing a relatively weak demand for the finished products... the market is not developed yet,” he said, adding that some refined materials are currently being exported due to a lack of domestic demand.

He said the company expects strong growth in processing volumes going forward. “We hope to increase our process volumes two to three times every year. The capacity is enough. It’s just a matter of the availability of materials in the markets,” he said.

On the broader outlook, Ansorge said India’s recycling sector is still at a nascent stage but showing progress. “I see that India is still in the very beginning... it went from there is no recycling to there is ongoing refining within three years,” he said, expressing confidence that the ecosystem will continue to develop into a more formal and mature market.

India’s demand outlook and policy push

India’s requirement for rare earth permanent magnets is around 4,000 tonnes annually, projected to nearly double by 2030, with critical mineral needs for electric vehicles, defense, and electronics driving high import dependence, according to the government data. The government of India is pushing for 6,000 MTPA integrated rare earth permanent magnets production by 2030, supported by a Rs 7,280 crore incentive scheme to augment self-reliance, the data showed.

Published on April 23, 2026