Copper price back below $8,000 as hawkish Fed outweighs supply risk
“The recession fears are still there in the background,” said WisdomTree commodity strategist Nitesh Shah.
Latest Stories
Honda and LG to build $4.4bn EV battery plant in US
They aim to produce 40 GW-hours of batteries annually at the plant — enough for more than 700,000 EVs, based on the IEA’s estimate.
Dubai Diamond Exchange sees trade worth $19.8bn in the first half of year
Dubai has grown its diamond industry by leveraging its proximity to Africa and Russia.
Elon Musk says the world needs more oil and gas as a bridge to renewables
Musk made his comments as Europe is grappling with its worst energy crisis in decades.
Goldman says ‘buy commodities now, worry about recession later’
“Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” bank analysts said.
China-linked bots attacking rare earths producer ‘every day’
Fake social media accounts linked to the Chinese Communist Party are posting daily attacks on Lynas Rare Earths, according to the company.
Column: China steel sector turning the corner as demand, margins improve
Steel mills have been signaling that production is likely to rise in September, writes Clyde Russell.
Fortescue posts 40% profit drop on weak iron ore prices, China slowdown
Miners have taken a hit from iron ore prices retreating from highs in 2021.
Mining tycoon Steinmetz seeks to topple bribery conviction
Steinmetz, 66, was convicted in January 2021 of bribing public officials in Guinea to secure the concession for the vast Simandou iron ore project.
