Chile copper production seen recovering from January’s slump
The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons.
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Tesla’s German gigafactory gets conditional green light
The $5.5 billion plant, located outside Berlin, is expected to boost the carmaker's market share in Europe’s fast-growing EV sector.
Gold price tracking towards best weekly performance since May
Spot gold is trading at a level last seen during the record-setting month of August 2020.
Copper price hits all-time high as warehouses empty out
"The market is in a panic mode in terms of supply" as warehouse inventories hit 16-year low.
Commodity funds in demand as investors seek refuge from soaring inflation
Energy funds have risen 24.7% this year, while precious metals and agriculture funds climbed 12.6% and 9.8% respectively.
China calls on rare earths companies to bring prices back to ‘reasonable’ level
Prices have surged since the second half of 2021 amid concerns of supply uncertainty from Myanmar.
Europe returns to South Africa for coal after Russia sanctions
Europe’s key coal price climbed to a record this week.
Nutrien asks Canada to halt rail strike
About 3,000 workers at Canadian Pacific Railway Ltd. voted in favor of going on strike on March 16 if a collective bargaining agreement isn’t reached.
Alrosa suspends Natural Diamond Council membership
Alrosa is responsible for 90% of Russia’s diamond production and 28% of global supply.