Switzerland imports Russian gold for first time since war
Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May, accounting for around 2-3% of its total gold imports.
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Copper price rises as looming strike in Chile adds to supply worries
Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.
EU leaders to keep sanction pressure on Russia, gold flagged as new target
European Union leaders are set to keep pressure high on Russia at a summit this week when they will underline that work continues on sanctions.
Yellen urges less dependence on other nations for key supplies
Treasury Secretary said the US should work on shifting dependence on some nations for supplies of critical inputs.
Over-optimism among China steelmakers behind iron ore’s price plunge
Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday.
Cobalt gets cheaper as China’s buyers suffer from battery slump
The benchmark price for cobalt in Europe has slid more than 13% since a peak in May.
China shows it’s serious about enforcing coal price controls
China’s top planning agency has demonstrated its intent to keep coal prices in check.
Elon Musk says Tesla job cuts will reduce the workforce by 3.5%
Tesla, now headquartered in Austin, Texas, has grown to about 100,000 employees globally, hiring rapidly as it built new factories in Austin and Berlin.
BHP, Vale reject Brazil steelmaker CSN’s interest, say miner Samarco is not for sale
Brazilian steelmaker CSN hired restructuring firm RK Partners to draft a proposal to buy control of Samarco.
