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...India is a member of the Minerals Security Partnership, a US-led coalition of 14 countries and the EU to secure a stable supply of raw materials....
...Please get in touch, in confidence, by emailing harry.dempsey@ft.com....
...Harry Dempsey is a commodities correspondent for the FT, and he joins me now to talk about it. Hey, Harry. Harry DempseyHi there....
...Its name is a nod to Harry’s dreaded archnemesis, Voldemort (damn, I’ve said it), and the shop’s opening seven years ago kick-started the belated Harry Potter tourism boom in York....
...Chief executive Duncan Wanblad has been under pressure to improve performance since a torrid market update in December, although the group has since been aided by higher commodity prices....
...Diamond output for De Beers slumped 23 per cent in the first quarter, as production was cut in response to a slow recovery in demand amid a pullback in luxury spending and the proliferation of lab-grown...
...General Mills warned that consumers were increasingly value-conscious, as the Cheerio’s maker managed to beat earnings forecasts despite soft demand for its snacks and cereals....
...rally to above $2,400 a troy ounce this month....
...Lego posted its slowest sales growth since 2017 but still outpaced the worst toy market in more than a decade as the Danish maker of plastic bricks reaped the rewards of tie-ups with Fortnite and Harry Potter...
...“It’s a chicken and egg [problem]. You can’t build [manufacturing] capability because you don’t have reliable supply. You can’t create a reliable supply unless you’ve got a buyer of it.”...
...The litigation in London is one front in a global legal battle stemming from the disaster....
...“A Chinese good is much harder to sanction in China than a Russian one supplied to China.”...
...London-listed Endeavour Mining has unearthed two further “deliberately disguised” payments totalling $15mn made to the same third party that received a $5.9mn payment that resulted in chief executive Sébastien...
...Joining Rio after a career as an investment banker at JPMorgan in New York and London, Baatar has developed a reputation as one of the mining industry’s most dynamic executives, with a capacity to fix complicated...
...Copper, the third metal covered by the new measures, added 1.6 per cent to $9,604 a tonne, its highest level in 22 months, on expectations of a tighter market as a result of the sanctions....
...trader at Heraeus, a refinery of precious metals....
...Is he a conman? A sociopath? A fantasist? Did any of this really happen? Given that he first inhabited “Harry” as a kid, is this unsettling saga his first deployment of the character as an adult?...
...The payments, made in August and November 2020, were disguised as being to a contractor, Endeavour said, leaving the FTSE 100 company or the contractor with a potential loss....
...The project’s issues mark a further setback for mining’s reputation in London as a safe place to secure returns on investor capital, at a time when Glencore is coming under pressure to move its primary listing...
...rock shelters in a mine expansion....
...Tuesday’s move continued a rally that started on Friday led by rising market expectations of a Federal Reserve rate cut in June following weaker economic data....
...“Previously when we have had a rally of $70 to $80, it is usually accompanied by a new catalyst or risk event,” said Suki Cooper, analyst at Standard Chartered....
...The London-listed group is now exploring a sale or liquidation, among other options, after potential investors were unwilling to stomach the 87 per cent increase in estimated costs to more than $1bn to build...
...“Elevated mine supply disruptions point to a deficit of 700,000 tonnes, and should start to feed through to refined production too,” said Morgan Stanley in a note, predicting a $10,200 per tonne copper price...
...On Wednesday, it also published a new 2030 target to cut CO₂ emissions by 25 per cent from 2019 levels, and intends to provide shareholders more information about how it will reach its goal of a 50 per cent...
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