“…This type of installation was implemented in most cement factories since the 1980s, due to the rise in the price of oil after the crisis of the 70s. From then until today, the technology linked to automatic control, as well as the improvements in power electronics have made the electrical part of this type of industrial facilities obsolete. …”
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“…To examine the above relationship, the conventional Welch test, heteroskedastic independent t-test, and the GMM multivariate analysis is employed, on the stock return, gold prices, and oil prices. The findings conclude that during the different phases of lockdown in India, COVID-19 has a negative and significant impact on oil prices and stock market performance. …”
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