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Commodities

Police patrol at a South African mine shaft where an estimated 4,000 illegal miners are trapped. Photo: AP

South African government won’t help thousands of illegal miners in closed mine

Police closed off the entrances for moving supplies underground, cutting off miners’ supplies to force them to resurface for arrest.

Opinion | Why China will struggle to achieve food security goal despite smart plans

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Rare earths in spotlight amid US-China tensions, Myanmar turmoil

All eyes on agro-diplomacy as China’s food-security needs open new import doors

Upcoming China International Import Expo will highlight need to strike a balance with trading partners as appetite of world’s biggest food consumer hits record highs.

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Illustration: Victor Sanjinez Garcia

China hails mineral finds amid push for security of supply, energy and nation

Ministry of Natural Resources lists haul of gold, copper, molybdenum, phosphorite and fluorite key to future of defence and geopolitics.

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Gold’s shine fades in India as US election, high prices dampen Diwali demand

While gold is often seen as a safe haven, traders are hesitant to purchase due to the potential for price fluctuations after the US election.

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China’s steel and oil industries face mounting losses amid economic slowdown

China steel’s industry racked up losses of US$5 billion from January to September, while the oil sector’s losses widened to US$4.5 billion.

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China’s steel mills have been forced to slash output to protect margins hammered by the protracted property crisis. Photo: Reuters

Opinion | For China, choosing green hydrogen over shale gas should be a no-brainer

Fracking is technically challenging, expensive and polluting. Much better to devote more resources to green hydrogen.

How Hong Kong can compete with Singapore, Dubai in gold trading

Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.

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Opinion | Hongkongers should support John Lee’s determination to improve things

The city’s leader has backed his promise to improve the city’s competitiveness and livelihoods with policies to protect prosperity and stability.

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Chief Executive John Lee Ka-chiu holds up a copy of the latest policy address during a press conference at the government’s headquarters in Admiralty on October 15. Lee deliver his third annual policy address on October 16. Photo: Eugene Lee

Defend euro as China, Russia push for alternative currency: Europe’s bank chief

Next US leader also urged to weigh negative impacts of American and EU trade ‘restrictions and barriers’ on economic growth and inflation.

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European Central Bank President Christine Lagarde takes part in an annual meeting of the International Monetary Fund in Washington on Tuesday. Photo: EPA-EFE

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

Chief Executive John Lee Ka-chiu has set out several measures aimed at consolidating Hong Kong’s position as an international financial centre.

Why the world is watching China’s stimulus package

China relies on imports, other countries need its exports, and the nation’s economic slowdown is affecting both.

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The volume of iron ore imports from trade partners could be affected by China’s economic slowdown if less steel is needed for large-scale construction projects. Photo: AFP

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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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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