Their grain and sunflower oil once helped feed the world. Now, even their backup routes to the international market have become targets.
Tag: Commodities
Glencore Will Pay $1.1 Billion to Settle Bribery and Price-Fixing Charges
U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”
How the War in Ukraine Could Slow the Sales of Electric Cars
The price of nickel, an essential ingredient in most batteries, has soared because of fear that Russian supplies could be cut off.
Ukrainian Invasion Adds to Chaos for Global Supply Chains
Russia’s military incursion is severing key supply chains and setting off a scramble among global companies to comply with new sanctions.
Food Prices Approach Record Highs, Threatening the World’s Poorest
The prices have climbed to their highest level since 2011, according to a U.N. index. It could cause social unrest “on a widespread scale,” one expert said.
China Is on a Building Binge, and Metal Prices Are Surging
Iron ore, nickel, copper and other metal prices are rising as China restarts construction, and the global economy could benefit.
As Coronavirus Stifles China, Economic Logjams Build Worldwide
A tumble in commodity markets reflects the spreading ripples of an outbreak.