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.
Mobius welcomes Scott Lauschke, most recently a former vice president and executive officer of AK Steel Corporation, as Vice President of Industrial Markets to provide leadership and expertise to the company's growing metals and industrials client list.
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.
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.
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