Banks step up trade finance in global commodities boomCommodity trading houses have seen earnings climb as they capitalize on wild swings in prices and arbitrage opportunities.Bloomberg News | July 4, 2022 | 12:06 pm
Commodities hit July storm with Putin and Powell stirring fearEnergy crises and central bank moves to crush inflation present…Bloomberg News | July 2, 2022 | 1:46 pm
India raises import tax on gold to support rupeeIndia has raised its basic import duty on gold to…Reuters | July 1, 2022 | 11:58 am
Demand for steel alloys grows as the energy transition gains momentum Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050. Wood Mackenzie | May 24, 2022 | 11:56 am
Coal India to open big, new mine this year to fight power crisis Production would initially start in the October to December quarter at an annualized rate of about 2 to 5 million tonnes. Reuters | May 24, 2022 | 10:27 am
India’s top mining, steel groups warn of adverse impact from export duty hikes The government announced on Saturday that export tariffs on new iron ores and concentrates would be raised to 50% from 30%. Reuters | May 24, 2022 | 8:04 am
Indian steelmakers face hit on Europe deals over export tax Indian steel firms could be forced to cancel European orders after an overnight decision to impose export taxes on steel products. Reuters | May 22, 2022 | 10:01 am
Hyundai Motor Group to invest $5.5 billion to build EV and battery facilities in US Hyundai will break ground on its new facility in Georgia in early 2023 and is expected to begin commercial production in the first half of 2025. Reuters | May 20, 2022 | 12:35 pm
Mapped: The 10 largest gold mines in the world, by production Together, they accounted for around 13 million ounces or 12% of global gold production in 2021. Visual Capitalist - Elements | May 18, 2022 | 8:16 pm
Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7bn offer Rio Tinto said it will provide interim debt funding of up to $400 million. Reuters | May 18, 2022 | 4:53 pm
China CNGR expands nickel investments in Indonesia to meet EV demand CNGR Advanced Material will invest in three new projects in Indonesia to produce nickel matte. Reuters | May 18, 2022 | 9:06 am
Column: Nickel demand boomed in 2021; this year it will be supply Surplus or deficit? In nickel's current fractured state it could be both this year, writes Andy Home. Reuters | May 18, 2022 | 7:59 am