Oil price surge hit almost a two-year high on Friday. OPEC and its allies said on Tuesday that they would comply with agreed supply restrictions. In addition, Thursday’s weekly supply report showed that U.S. crude
The Food and Agriculture Organization of the United Nations (FAO) reported today that world cereal production should hit a record high. Global food prices rose at the fastest monthly rate in more than a decade
U.S. companies will spend 6.4% more on raw or processed materials in the second quarter. According to American Express’s first survey of global business-to-business (B2B) spending, there was a decrease versus the first quarter. The
As inflationary pressures continue to increase, gold prices remained firm on Monday. However, gold prices should achieve their most significant monthly increase since July 2020. As of 11:45 am Eastern Time, spot gold fell 0.2%
Australian copper mining company 29Metals LTD, the country’s second-largest listed company, is seeking to raise U.S. 471 million in an initial public offering with its shareholders in Sydney. According to the terms of the deal,
Commodity prices rose and fell mixed on Thursday, continuing the trend of the previous trading day. On Thursday, as the recovery of the U.S. dollar ended in red, the price of gold fell to daily
In two weeks, the cost of steel products rose by more than 1,600 yuan (US$250) per ton. It has attracted the attention of the highest levels of the Chinese government. Chinese Premier Li Keqiang said
After China warned of “excessive speculation” of raw materials such as iron ore and copper, global commodity prices have plummeted. People are increasingly concerned about the rapid growth of inflation. Several large economies relax Covid-19
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