One of the world’s largest commodity traders revealed it had lost more than half a billion dollars after buying cargoes of nickel from Gupta’s companies, only to discover that they contained much lower value materials.
Workers stuck underground for days over a union dispute at Gold One International Ltd.’s Modder East mine in South Africa have returned to the surface.
The country has lithium, gold, bitumen and iron ore deposits and is intent on emulating nations such as Indonesia in climbing up the commodities value chain.
Analysts are watching mispricing in biodiversity and natural capital risks in sectors such as mining, agriculture, cattle production, paper and packaging.
