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Wang Yi · DelhiIn a move with far-reaching implications for global supply chains and global diplomacy, China has lifted its export restrictions on rare earths to India. The monumental decision also includes key commodities like fertilizers and tunnel boring machines, and follows high-level talks between Indian External Affairs Minister S. Jaishankar and Chinese Foreign Minister Wang Yi, who assured New Delhi that shipments of the previously restricted items ha…See the Story
China Eases Rare Earths Export Restrictions on India Ahead of Modi Visit
100% Center coverage: 1 sources
Oil and Gas SectorVia Metal Miner The Global Precious Metals MMI (Monthly Metals Index) finally lost bullish steam and moved sideways, rising only 0.81%. The past month has seen significant swings in precious metals prices. Safe-haven demand drove several metals to multi-year highs in late July, followed by partial pullbacks in August as market winds shifted. Gold and silver, in particular, rallied on economic uncertainty, with gold briefly hitting record territo…See the Story
Gold Prices Consolidate Above $3,300 as Markets Await Fed Signals
100% Center coverage: 1 sources
Oil and Gas Sector · Luxembourg CityAccording to MetalMiner’s sources, ArcelorMittal sought another increase in its hot rolled coil coffers on August 5. This is in addition to the increase the steel industry leader sought in the previous week. Reports indicate that the Luxembourg-headquartered company is now seeking up to €610 ($705) per metric ton EXW for Q4 delivery, up almost 3.4% from the €590 ($685) it was seeking in the previous week. Traders Doubt Buyers Will Accept Hikes O…See the Story
EU Steel Industry Tests Market Appetite for Price Increases
100% Center coverage: 1 sources
