The German government has created a €1.1 billion investment fund to fortify the nation’s access to critical raw materials essential for high-tech and green projects.

The world’s biggest independent commodities trader is expanding beyond oil, gas and power.

Its nickel subsidiary SLN is locked in a dispute with local authorities over financial guarantees.

Trafigura last month admitted that Claude Dauphin had approved bribe payments in Brazil

The company said it will cut production by one million tonnes per year, and added it may also take additional measures, including laying off staff.

The previous government planned to create one large state-owned company that would pool the assets of power plants generating energy from coal.

The Irish explorer said the samples were taken in the Kuhmo region of Finland, where it found a green diamond in 2022.