The Baltic Exchange's dry bulk sea freight index rose to a one-week high on Wednesday, steered by gains across vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 33 points, or about 1.6%, to 2,068 points. * The panamax index climbed 106 points, or about 3.7%, to 2,968 points.
Zinc prices climbed to their highest in more a month on Wednesday as inventories fell and smelters in Europe battled rising prices for energy, risking further output cuts. Benchmark three-month zinc on the London Metal Exchange was up 2% to $4,465 a tonne at 1115 GMT, in its fourth straight session of gains.
Gold prices dipped in range-bound
trading on Monday, as elevated Treasury yields boosted the
dollar and countered support from uncertainty around the Ukraine
war, while palladium rose after ...
China's factory-gate and consumer prices rose faster than expected in March as Russia's invasion of Ukraine, persistent supply chain bottlenecks and production snags caused by local COVID flare-ups added to commodity cost pressures.
Peru's economy is still being weighed down by protests hitting copper mines including MMG's Las Bambas and Southern Copper Corp's Cuajone, a central bank official said on Friday. " problems remain, affecting the evolution of mining GDP," said Adrian Armas, the bank's manager of economic studies.
Greenland's social democratic Siumut party, part of a new government coalition, will not immediately seek changes to the country's ban on uranium mining, its chairman Erik Jensen said on Monday. Greenland's ruling left-wing Inuit Ataqatigiit party on Monday announced a government coalition, with Siumut replacing the pro-independence Naleraq party.
The Baltic Exchange's dry bulk sea freight index fell for an eighth consecutive session on Monday, pulled down by lower rates in all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 50 points to 2,307 points. * The panamax index dipped 58 points, or 1.9%, to 3,015 points.
Rio Tinto Ltd (RTNTF): * NEW LABOUR AGREEMENT REACHED FOR RIO TINTO KENNECOTT EMPLOYEES. * RIO TINTO - KENNECOTT COPPER MINE EMPLOYS MORE THAN 2,000 WORKERS. * RIO TINTO - CO AND UNIONS REPRESENTING ABOUT 1,300 EMPLOYEES AT KENNECOTT COPPER OPERATION, UTAH, HAVE REACHED A NEW COLLECTIVE BARGAINING AGREEMENT.
The Baltic Exchange's dry bulk sea freight index registered a third consecutive weekly decline on Friday, pulled down by falling rates for panamax and supramax vessels. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by one point to 2,357 points, its lowest since March 8. The index fell 7.4% over the week.
U.S. President Joe Biden could invoke a Cold War-era defense law as soon as this week to encourage domestic production of minerals needed to make electric vehicle batteries, according to two sources familiar with the matter.
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