Indonesia should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday, a day after a last-minute policy U-turn sparked more alarm for markets.
* Govt cooking oil distribution move will succeed - industry group. * GAPKI warns of damage from prolonged ban. * Wednesday's last-minute policy shift rattles markets. * Rupiah falls to weakest since July 2021. * Navy seizes two tankers carrying palm oil. By Bernadette Christina and Fransiska Nangoy.
Ford Motor Co has called on the mining industry to work together on "smart deals" that will help offset rising commodity prices amid the legacy automaker's push towards electrification. What Happened: Ford CEO Jim Farley said on Wednesday the company is seeing significant pricing pressure on the commodity side for steel, aluminum, copper, lithium, and nickel.
Henry Ford was right all along, it turns out. After decades of honing just-in-time global supply networks, car companies are going back to Ford's founding principle of self-sufficiency. Ford's iconic River Rouge complex in Dearborn Michigan made its own iron and steel, supplied by company freighters from its own iron ore and coking coal mines in Michigan and Kentucky.
Henry Ford was right all along, it turns out. After decades of honing just-in-time global supply networks, car companies are going back to Ford's founding principle of self-sufficiency. Ford's iconic River Rouge complex in Dearborn Michigan made its own iron and steel, supplied by company freighters from its own iron ore and coking coal mines in Michigan and Kentucky.
Investments in Brazil's mining sector are expected to total $40.44 billion from 2022 to 2026, a drop when compared with the five years through 2025, leading industry association Ibram said on Tuesday. The amount forecast for the five-year period points to a nearly $900 million drop from investments seen taking place in the 2021-2025 period, according to Ibram data.
EnviroGold Global Limited (ESGLF), a Clean Technology Company accelerating the worlds transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce the execution of a Memorandum of Understanding with CIMIC Groups mineral processing company, Sedgman Pty Limited.
Freeport-McMoRan Inc (FCX): * CHIEF EXECUTIVE RICHARD ADKERSON SAYS COPPER INDUSTRY GROWTH 'NO LONGER SOLELY DEPENDENT ON CHINA' * CEO SAYS 'BUSINESS IS STRONG IN THE U.S. AND IN ASIA OUTSIDE CHINA' * CEO SAYS IMPACT ON COPPER DEMAND FROM EMISSIONS-REDUCING TECHNOLOGIES IS COMING, BUT 'NOT HERE NOW' * CEO SAYS COPPER SUPPLY CHALLENGES 'CAN'T BE SOLVED SIMPLY BY HIGHER PRICES' * PRESIDENT KATHLEEN QUI...
Nearly four years since the Section 232 tariffs on aluminum took effect, the U.S. beverage industry alone has paid more than $1.4 billion in tariffs. With the cost of gas and groceries at record highs, American families and businesses are feeling the strain under the high costs of living.
Joseph White Global Auto Correspondent, Thomson Reuters. Greetings from the Motor City! Some of you have subscribed to an earlier version of this newsletter on another platform, and some of you are new subscribers. Just a quick introduction: Auto File from Reuters is a three-times a week roundup of the most important developments in the automotive, mobility and transportation technology sectors.
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