Russia’s oil output is plummeting, and the decline is expected to worsen in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil and other liquids exports, OilPrice.com reports. IAC Desk
Western economies are set to remain heavily dependent on China for the refining of rare earth elements (REEs) for the next decade, but their reliance on it for the mining of the metals is expected to fall as new mines become operational in other parts of the world, reports nxtmine. IAC Desk
If China was to decide to help Russia stabilise its economy, it would have to help Russia pay for imports, boost its currency, and increase support for its oil and gas sector. But how could China do this? Read More Here IAC Desk
Gold prices are expected to average $US1900 ($2642) per ounce (oz) in 2022, as Fitch Solutions’ revised price from $US1700/oz reflecting the Russian invasion of Ukraine that has sparked an uptick in gold demand. Read More Here IAC Desk
The recent signing of an early harvest trade deal with the UAE in only 88 days has given New Delhi the bandwidth and the confidence to conclude a similar deal with Canada as well. But multiple issues may hold up the process. Read More Here IAC Desk
Prices of industrial metals fell as diplomatic efforts to resolve the Russia-Ukraine conflict calmed supply-disruption fears, while demand concerns in top consumer China also weighed on the market, reports mining.com IAC Desk
The uranium spot price surged more than 10% to $60 a pound after media reports that the Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom, mining.com reported. IAC Desk
The volatility of the supply chain continues to be a major story in the global coffee trade. On the supply side, what was once more or less forecastable has been disrupted by COVID restrictions, unpredictable extreme weather destroying crops in major producing countries like Brazil, unknown stockpile sizes, and farmers defaulting on shipments to capitalising on the volatile and now skyrocketing C-market […]
Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know, says Oilprice.com IAC Desk
Beijing is taking steps to tighten its regulations over China’s coal market amid ongoing concerns over a power shortage and rising factory-gate inflation, reports South China Morning Post. IAC Desk
