Australian firm to invest $3 billion in Saudi Arabia’s mining venture for electric vehicles

An Australian company, EV Metals Group Plc plans to invest $3 billion in Saudi Arabia in a bet on the metals used in batteries for electric vehicles. EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring for the battery metals, Managing Director […]

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Mystery surrounding Chinese stockpiles of commodities deepens

Every week since April this year, Chinese authorities have announced measures to control the price of many commodities, including energy and metals.  China has been trying to cool surging commodity prices by releasing inventory from its strategic reserves. The higher prices of oil, coal and metals have raised manufacturing costs, slowed down factory activity growth, and increased inflation […]

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During the first half of calender year 2021, commodities were the top performers

Commodities rallied 21 per cent in the first half of 2021, making them the top performing asset group ahead of U.S., European, emerging market and non-Japan Asian stocks. The broad-based index of energy, agriculture, industrial metals and precious metals rose the same amount as high-flying Bitcoin, which pulled back after hitting its all-time high of […]

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