It’s getting increasingly difficult to transport commodities like metals since almost half of the world’s container ships no longer go to Russia.

A stressful week in markets got even worse for some metals traders when the main exchange’s software misfired by generating erroneous margin calls.

The mineral resource update shows that Havieron's total endowment (including ore reserves) has increased to 5.5moz gold and 218,000t copper.

The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons.

"The market is in a panic mode in terms of supply" as warehouse inventories hit 16-year low.

Analysts flag 2008-like commodity price reversion possible on Russia-Ukraine tension.

The Ukrainian conflict could roil the world's economic outlook in unpredictable ways, exacerbating those inflationary pressures, analysts say.