Top exporter India’s rice export prices fell to their lowest level in nearly three months this week, weighed down by soft demand, while the long holiday weekend kept activity muted in Thailand. India’s 5% broken parboiled variety was quoted at $538-$546 per ton this week, down from the last week’s...
https://www.hellenicshippingnews.com/asia-rice-india-prices-slip-to-near-3-month-low-on-weak-demand/
Global miner BHP Group BHP.AX on Thursday reported a 3% rise in its third-quarter iron ore output as continued ramp-up of its South Flank mine and improved operational efficiencies in Pilbara helped offset wet weather impact. The world’s largest listed miner said iron ore production from mines it...
https://www.hellenicshippingnews.com/bhps-third-quarter-iron-ore-output-rises-3/
President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. On Wednesday, the president will visit the United Steelworkers headquarters in Pittsburgh. Biden’s...
https://www.hellenicshippingnews.com/biden-wants-to-triple-china-tariffs-on-steel-aluminum-imports/
Profit is growing further out of reach for U.S. wheat farmers and many do not expect to break even in 2024 as ample global supply keeps prices around their lowest in nearly four years at the same time costs including equipment and transport remain high. The current state of the U.S. wheat market...
This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper , alumina, cobalt, lithium , nickel and steel and scrap. We also explore what the next few months could...
Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said. “The gap is humungous, and I am actually very worried about whether we will be able to close (it),”...
Copper and aluminium prices rose in London on Wednesday as support from a weaker U.S. dollar offset concerns about demand from top metals consumer China. Three-month copper on the London Metal Exchange CMCU3 was 0.9% higher at $9,550 per metric ton in official open-outcry trading, reversing Tuesday...
https://www.hellenicshippingnews.com/copper-and-aluminium-climb-as-dollar-slips/
The Kremlin on Wednesday said the Russian government was in close contact with the metals industry and was discussing different options following U.S. and British sanctions imposed on Russian nickel, copper and aluminium. In their latest round of Ukraine-related sanctions, Washington and London on...
Prolonged rainfall over Argentina’s farming heartland has fueled fears of delays to the ongoing soybean harvest that could cause production losses, the Rosario grains exchange said on Monday. Since Friday, at least 70 millimeters (2.76 inches) of rain fell across most of the agricultural region,...
https://www.hellenicshippingnews.com/concern-grows-for-argentinas-soy-harvest-due-to-heavy-rains/
China’s primary aluminium output in March rose 7.4% from a year earlier, official data showed on Tuesday, as producers ramped up operations off the back of rising global prices and stronger demand. The world’s biggest aluminium producer churned out 3.59 million metric tons of primary aluminium in...