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Hong Kong has ambitions to become a global gold trading hub. Photo: Shutterstock

Hong Kong airport to boost gold vault capacity to 1,000 tonnes to lure investors

Airport Authority says it is finalising expansion plan for precious metals depository, as site is ‘reaching full capacity’ due to growing demand.

Editorial | Speed of essence in Hong Kong push to be gold, commodities hub

Why the world is watching China’s stimulus package

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Hong Kong must build up global gold trade amid competition from Singapore: John Lee

Chief executive calls for immediate action to build from ‘low base’, keep up with Singapore’s launch of vault with 500-tonne gold depository.

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Hong Kong has a vault that can store 150 tonnes of gold bullion, but Chief Executive John Lee has called for the city to increase its capacity. Photo: Shutterstock

Malaysia’s rare earths ambition faces curbs as geopolitics muddies waters

The country needs Chinese technology to grow its rare earth industry and yet faces risks of US boycott, a Malaysian minister says.

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Australia’s failure to reinvest in mineral wealth risks dragging down economy

Wealth from the mining boom has not been reallocated to benefit average Australians, leaving them worse off now than 10 years ago, analysts say.

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Oil futures surge amid Middle East tensions and speculative shifts

Middle East tensions drive oil futures to their largest gain in a year, with traders rushing to buy call options amid fears of supply disruptions.

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A gas flare on an oil production platform is seen alongside an Iranian flag in the Arabian Gulf in this file photo. Photo: Reuters

Malaysia’s palm oil lobby welcomes ‘sensible’ reprieve from EU deforestation law

The delay gives producers more time to comply with the complex regulations, which were originally set to come into effect on December 30.

The View | Indonesia and Philippines must clean up their nickel mines

A US report on worker exploitation adds urgency to the call for reform of an industry already battling accusations of environmental abuse.

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Will Malaysian renewal of durian trademark cause a stink in China or help sales?

The price of a single Musang King durian from Malaysia can surpass US$80 in China, and new protections could make them even more costly.

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Musang King durians from Malaysia are known for their creamy flesh and a balance of sweetness and bitterness. Photo: Shutterstock

India allows non-basmati white rice exports, boosts global supplies

India imposed curbs on rice exports last year and extended them into 2024 to keep prices in check ahead of the April-June national election.

A farm labourer prepares to plant rice saplings in a field on the outskirts of Ahmedabad, Gujarat, India. Photo: Reuters

‘Environmental sin’: Indonesia slammed for reversal on sea sand export ban

Environmental activists warn lifting the ban could devastate marine life and endanger small islands already threatened by erosion.

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Indian steelmakers seek higher tariffs as ‘predatory’ Chinese imports surge

Indian Steel Association pushes for doubling the customs duty on steel imports to 15 per cent as cheap shipments from China surge.

Malaysia faces call to cut palm oil windfall tax as pressures on producers mount

With Malaysian palm oil producers facing price pressures, the finance ministry may consider trimming the windfall tax levied on the sector.

A worker harvests palm oil fruits in Johor, Malaysia. Photo: Bloomberg

Miner backed by Canadian province vows to compete with China in rare earths

Saskatchewan, home to copper, potash and uranium mines, aims to become first North American commercial alternative for the metals.

Potash at the Rocanville Potash Corp mine in Saskatchewan, Canada. Photo: Reuters

‘Wake-up call’: will forced labour claims upend Indonesia’s nickel deal with US?

Reports of worker exploitation and accidents threaten a critical minerals deal with the US, driving calls for reform and more oversight.

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Meet Candace Owens’ British husband, George Farmer

George Farmer was once the CEO of Parler, but has warned against the dangers of big tech without a faith in God to back you up – here’s what you need to know about Candace Owens’ husband

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China’s grip on rare earths undercuts projects from US, Japan, and Australia

Despite billions in subsidies, the US and its allies face an uphill battle to break China’s dominance in the rare earth minerals market.

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A worker drives a skip loader while working at the site of a rare earth metals mine at Nancheng county, Jiangxi province. Photo: Reuters

Malaysian farmers dial down durian bitterness to cater to China’s sweet tooth

Purists fear the Musang King’s signature bittersweet balance may be at risk as some growers adapt its taste for the Chinese market.

China adds 5 million tonnes to rare earth reserves amid rising tensions

China discovers 4.96 million tonnes of rare earth elements, which are crucial to tech development, in one of its poorest regions.

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China’s fading hunger for grain spells trouble for world farmers

Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.

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A farmer collects grain during a canola harvest on a farm near Brora, Saskatchewan, Canada, on September 8, 2024. Photo: Bloomberg

India to impose up to 30 per cent tariffs on some China, Vietnam steel imports

Welded stainless steel pipes and tubes exported by China and Vietnam will be taxed for the next five years.

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India’s port in Vallarpadam in the southern Indian city of Kochi. India will tax welded stainless steel pipes and tubes exported by China and Vietnam for the next five years. Photo: Reuters

Chinese companies navigate challenges in hunt for EV metals in Latin America

Latin American countries, such as Chile, Bolivia, Mexico and Peru, are placing extra scrutiny on overseas investment in their lithium industries.

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Macroscope | Gold is still the safe haven of choice in Asia and beyond

The gold price coming adrift from traditional anchors points to deep uncertainty about the world and concern for the global monetary system.

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India faces pressure from rice traders to ease export curbs

Rice traders have told Indian authorities their exports are becoming uncompetitive against Pakistan in terms of price.

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Rice and grains sold at a store in New Delhi. Photo: Bloomberg

Tales of the ‘Wild East’: Zheltuga, the 19th century gold rush republic on China’s frontier

After a feverish rise from the tundra, an equally abrupt fall saw the self-proclaimed republic expunged from the map by the Chinese authorities

At the tail end of the 19th century, Zheltuga, on the Russia-China border, briefly became home to a flourishing community of gold prospectors, with all the prerequisite taverns, brothels and lawlessness. Photo: The Earth Science Museum at Moscow State University

Nippon Steel, peers urge Tokyo to curb steel imports from China, executive says

Vice-Chairman Takahiro Mori said the US, Europe and South Korea have already implemented trade policies to restrict Chinese steel imports.

Gold bulls rejoice as Fed’s September rate-cut signal reinforces bets on rally

Gold may still extend its record-setting run, with Fed Chair Jerome Powell’s Jackson Hole speech on Friday seen as a watershed moment for bullion.

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Commodities
Commodity market action from around the world with a focus on the commodities that matter most to investors in Hong Kong and China.
last updated:
9 September, 2024
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