Copper price falls amid fading momentum in China

China agrees that the Ukraine issue falls outside the scope of the Kimberley Process.

Xi Jinping re-iterated the country’s “social and economic development targets” at a business forum.

"The commodity world’s flagship is under fire,” one analyst said.

The battery charges faster than existing cells, and is safer and more durable, CATL said. 

This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials.

Despite looming sanctions and import bans, Russia exported $97.7 billion worth of fossil fuels in the first 100 days since its invasion of Ukraine.

It sold 109.76 million shares at 410 yuan apiece in an A-share private placement, it said in a statement Wednesday.

De Beers sold $650m of diamonds, slightly up from $604m at the previous sale this year, but higher than the $477m this time in 2021.

Renewed covid restrictions dampening overall domestic demand.