Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions.
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions.
Automakers are accelerating efforts to use less palladium and more platinum due to worries over palladium supply from Russia, the World Platinum Investment Council said on Monday, predicting a large surplus in the platinum market this year.
Brazilian Economy Minister Paulo Guedes asked his team to reconsider a tax cut on steel rebar, Aco Brasil, the agency that represents the sector, said on Tuesday, adding that a decision on the matter is expected on Wednesday.
Saudi Arabia's Ministry of Industry and Mineral Resources said it has secured $6 billion for a steel plate mill complex and electric vehicle battery metals plant as part of plans to lure $32 billion of investment into the mining sector.
* TSX ends down 69.78 points, or 0.3%, at 20,692.22. * Utilities sector falls 1.1% * Gold loses 1.8%; materials ends 0.6% lower. By Fergal Smith. Canada's main stock index fell on Monday, including declines for the utilities sector and gold mining shares, as rising bond yields and worries about the global economic outlook weighed on investor sentiment.
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.
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.
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