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...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...GM’s chief executive Mary Barra said one reason she is cutting jobs is to shift resources to electric cars and autonomous vehicle development....
...“Aside from the occasional Norwegian death metal band, this is very safe,” says Brian Wieser, an analyst at Pivotal Research....
...Corporate earnings reports out today include China Overseas Land & Investment, Brambles, Fortescue Metals Group, Hong Kong & China Gas, Anhui Conch Cement, Kerry Properties, Goodman Group and China Resources...
...consolidation in the steel industry will be more focused on mid-size steelmakers, as they try to ensure that they do not get pushed aside in terms of scale,” said Andrew Zoryk, managing director of Accenture’s metals...
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...The London Metal Exchange was bought in 2012 by Hong Kong Exchanges and Clearing for what seemed to many like an eye-watering sum of £1.4bn....
...It has shut down one of its main engineering sites, making about 40 staff redundant, and put the V-Charge on ice....
...Mr Smits declines to comment on a media report that Cargill has been considering a sale of its energy and metals trading businesses, which are dwarfed by those of rivals....
...Evolution Mining, Northern Star Resources and Regis Resources were the best performing stocks in the S&P/ASX 200 this morning....
...Larry: Good job the FCA has the resources to deal with the reams of data the banks will now swamp it with....
...Those concerns weighed on metals prices, with the likes of copper, lead and zinc leading declines on the London Metal Exchange on Monday....
...The sharp decline in commodity prices, spurred by slowing global growth and lacklustre demand for base metals and crude, has weighed on oil and gas producers and miners....
...The resources-sensitive S&P/ASX 200 in Sydney rose 0.7 per cent, helping the Asia-Pacific region add 0.8 per cent....
...Big metal traders have also had a tough year because of a collapse in premiums for aluminium: the extra cost buyers pay to obtain the metal in a certain region, which normally includes insurance and delivery...
...The competition for known existing resources suggests there are serious constraints....
...Citi, which employs 230 people in commodities, has grown its operations to include oil, industrial and precious metals, natural gas, coal and iron ore....
...In new data today, the closely-watched Tankan survey of Japan Inc. signalled optimism....
...Shares of Fortescue Metals Group, an iron ore miner, are down 3.2 per cent....
...We just think some people are comically underestimating how hard it would be to force India’s v v diffuse population to give up its gold....
...Much of the decline in fundamentals has been linked to the significant slide in commodity prices, with failures in the energy and metals and mining industries making up a material part of the defaults recorded...
...It is a bold stance in the face of falling oil, grain and metal prices. A rebuttal comes from Kevin Norrish, head of commodity research at Barclays....
...While concerns about where and how crops and metals, minerals and energy are sourced, traded and processed were not new, they were “becoming louder, more persistent and more intense,” said Mr MacLennan....
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