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ICICI Prudential AMC's Anand Shah notes muted global ferrous metal profitability due to strong Chinese exports, impacting steel company earnings. He is optimistic about margin recovery in select chemicals and metals, citing attractive valuations. While positive on manufacturing, particularly defense and railways, valuations are becoming less appealing. Cement sector consolidation and potential demand growth offer opportunities.
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News and Media
China has issued its initial rare earth quotas for 2025, but without a public announcement. Sources indicate this move signals tighter control over the sector. These quotas are vital for global rare earth supply, essential for EVs and other technologies. The government has been delaying the announcement. This decision comes amid trade tensions with the US and EU.
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News and Media
The four stations Argyle, Bryn Mawr, Lawrence and Berwyn were renovated as part of a $2.1 billion Red and Purple line modernization project.
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News and Media
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