Metals prices could spike with markets so tight, Trafigura says

Rising geopolitical tensions and expectations surrounding a US rate hike drove investors to havens like bullion.

The metal rose to near the strongest level since 2008 as traders assessed the possible impact of a potential easing of geopolitical tensions over Ukraine.

While rising interest rates bring macroeconomic headwinds for equity valuations, gold has had a special relationship with interest rates in recent hikes.

Aurubis posted an 85% rise in quarterly profits and reiterated increased 2021/22 earnings estimates.

It plans build a new state-of-the-art car factory close to its headquarters in Wolfsburg, Germany, to raise its game as electric-vehicle rival Tesla TSLA.O builds a plant near Berlin.

Woodmac flags growing commodity supply chain inefficiencies as Russia-Ukraine geopolitical tensions simmer.

President Vladimir Putin countered US warnings that Russia may invade Ukraine within days by emphasizing a de-escalation of tensions.

Commercial banks have channeled more than $1.5 trillion across the coal supply chain since the start of 2019.

Scarcity of what is a critical input for EV batteries could potentially act as a powerful brake on e-mobility, writes Andy Home.