Here’s who wins and who loses from the surge in commodity prices

Flooding has caused at least $10 billion in damage, and infrastructure will need to be rebuilt.

Dalian iron ore marked its steepest weekly drop in 17 months on Friday due to worries about China's steel production caps.

Global aluminum production growth ground to a halt in the second quarter of this year even as prices rallied to multi-year highs.

China has stepped up efforts to reduce output of the construction and manufacturing material in line with its carbon emission reduction goals.

Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers, according to a key Chinese manufacturer.

Met coal prices have rallied this year on strengthening global steel demand.

Iron ore price down 6% after Beijing tells steelmakers in some provinces to cut production with aims to keep Chinese annual output at 2020 levels.

China will sell another 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc from its state reserves on July 29.

Steel producers in China's Jiangsu, Fujian and Yunnan provinces were told to cut production as the country aims to keep its annual output no higher than it was in 2020.