In a statement on Tuesday, the Kremlin said, Russian President Vladimir Putin has signed a decree on retaliatory economic sanctions in response to “unfriendly actions of certain foreign states and international organisations”. The kremlin did not shed light on which… Read More ›
As per sources, Tesla Inc has signed a nickel supply deal with Brazilian mining company Vale S.A. Following the Russian invasion of Ukraine, the price of nickel, essential to the making batteries for electric vehicles, has risen steadily. Recently, prices of… Read More ›
On Saturday, in a statement the government of Taiwan said, it expects little impact on the supply of raw materials for semiconductors from the war in Ukraine. Following a meeting of the cabinet, Vice Premier Shen Jong-chin, said there would… Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
On Monday, official figures from the German government show that industrial orders have surged in July, hitting a post-reunification high and pointing to a solid start to the second half in the engine room of Europe’s largest economy. The figures… Read More ›
For the first time in since April 2020, China’s factory activity contracted in August despite COVID-19 containment measures, rising prices of raw material and adjustments in supply bottlenecks weighed on production output in a surprise blow to the economy. This… Read More ›
In June, the pace of Chinese factory activity expanded at a moderate pace following an increase in prices of raw materials and disruptions in its export province of Guangdong which affected business activity. China’s official manufacturing Purchasing Manager’s Index (PMI)… Read More ›
While China’s producer price index (PPI) fell to its 3 year low, the consumer price index (CPI) rose by 2.8% in July. On Friday, in a development that underscores the effectiveness of Washington’s trade action against Beijing, China’s factory gate… Read More ›
Pacific Alliance, includes countries such as Mexico, Colombia and Peru, is a major exporter of raw materials, minerals and food. It has now opened its doors to more partners. With U.S. President Donald Trump taking a more regressive, protectionist stance… Read More ›
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