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The essential perspective on global commodities
The world heaved a sigh of relief when Beijing announced Nov. 11 new measures to relax its COVID-19 restrictions, while keeping China’s zero-COVID policy in place, and when Guangzhou on Nov. 30 revealed plans to remove most movement controls and resume public transport, among other new measures. But China’s three main economic drivers – consumption, investment and exports – are still facing headwinds
The value of Russia's key crude exports has come under renewed pressure as EU sanctions and the G7's price cap edge closer amid growing signs that the curbs pose little threat to Moscow's resilient output and oil revenues. The outright price for Russia's flagship crude Urals slumped to 22-month lows in the run-up to the Dec. 5 start for the mechanism as weak physical market fundamentals and anxiety around sanctions risk have spurred even steeper discounts
Vale has been pursuing partnerships with steelmakers, looking to address the challenges of finding cleaner ways to process minerals. The company also plans to create solution hubs to make high-quality iron ore and green products in regions with low energy costs, including the Middle East and the US. As executive vice president for strategy and business transformation, Luciano Siani Pires plays a crucial role in bringing Vale’s vision into fruition
