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Oil, India Reduces Russian Purchases But A Complete Break Remains Costly
India is reducing purchases of Russian crude, but completely abandoning Moscow’s supplies still appears economically difficult. American pressure increases commercial risk for New Delhi, while refiners continue to assess prices, availability, logistics costs and the...
Freight Rates Surge: Logistics Tightness Compresses Metals And Minerals Margins
Transporting raw materials is becoming more expensive and less predictable. Ships that are difficult to secure, insufficient containers, port congestion and rising fuel prices are increasing costs along several trade routes, from iron ore to bauxite and from steel to...
SHFE Metals Little Changed Ahead Of Golden Week, Nickel Records The Largest Decline
Nickel leads the declines in base metals in Shanghai during the final morning of trading before China’s National Day holidays. On Wednesday September 30, the complex moves mainly within narrow ranges, while the nickel market feels the effects of still-sufficient raw...
Northern Star Rejects Gold Fields: The A$38.7 Billion Contest Turns On The Offer’s Value
Northern Star Resources has rejected the proposal through which Gold Fields sought to acquire the Australian gold producer and create the world’s second-largest gold mining group. The transaction, presented as indicative, non-binding and conditional, initially valued...