Commodities

Tesla has raised electric car prices in the U.S. and elsewhere.
Automobiles

Tesla, BYD raise electric car prices on nickel turmoil

Essential metal in car batteries at over $30,000 per ton after invasion

27 March 2022
Disruptions caused by the war in Ukraine and sanctions on Russia have dominated oil markets for the past few weeks, skyrocketing prices.
Commodities

Japan, U.S., U.K. lenders loan Kuwait $1bn to boost oil output

HSBC, JPMorgan also join deal amid turbulent energy markets

27 March 2022
Kyoei Steel and others in the industry are paying more for scrap steel to feed their furnaces. (Photo by Atsushi Oka)
Commodities

Steel prices turn red hot for Japan builders on Russia shock

Materials cost surge puts factory construction plans on hold

23 March 2022
State Street Global Advisors' gold expert George Milling-Stanley sees the price of gold reaching a new high this year.
Commodities

Gold set for new high this year on Ukraine crisis: State Street

Inflation, pandemic worries also send investors to seek safety in bars and coins

18 March 2022
The InterBattery expo in Seoul opened Thursday with 250 battery firms participating. (Photo by Kotaro Hosokawa)
Materials

South Korean materials makers ramp up output for EV batteries

Chemical units of Lotte, LG and POSCO spend heavily, chasing Chinese rivals

18 March 2022
A drilling site on the Tuzlukushevskoye oilfield, Bashkortostan Republic, Russia. in January 2015: Sanctions may rob commodity producers of incentive to invest in growing production capacity.
Opinion

Asia stands to lose the most under emerging world energy order

Ruthless weaponization of energy will leave a debilitating trust deficit

17 March 2022
The Shwe gas field is the only resource development project in which Posco International has a stake. (Photo courtesy of Posco International)
Myanmar Crisis

Asian majors keep Myanmar gas pumping despite EU sanctions

Posco and PTT expand footprint as Total and Chevron head to exit

17 March 2022
Exxon Mobil has announced it is exiting the Sakhalin 1 oil project. (Exxon Neftegas via Kyodo)
Energy

Shadow of Iran oil failure looms over Japan's Sakhalin decision

Pressure to leave Russia echoes Azadegan exit, which opened door for China

15 March 2022
The Kremlin towers is reflected in a display of McDonald's on Mar 9, which temporarily close all of its restaurants in Russia: the massive actions taken by multinationals will probably bring China to a rethinking.
Opinion

China can see the limits of bailing out Russia's economy

Beijing will support Moscow as long as it does not fall foul of Western sanctions

14 March 2022
Miners in Indonesia, the world's top exporter of thermal coal, are looking to cash in on surging prices for the commodity, but government restrictions are casting a shadow.
Market Spotlight

Indonesia coal miners soar over Russia supply concerns

Threat of another export ban stops producers cashing in right away

14 March 2022
The Atamanskaya compressor station for Power of Siberia, the only currently operational gas pipeline between Russia and China.
Energy

China turns to Russian gas to curb dependence on Quad members

Beijing and Moscow eye pipeline capacity equal to half European demand

12 March 2022
Chinese metals giant Tsingshan's bet that nickel prices would fall backfired, reportedly leaving it facing billions of dollars in losses.
Materials

Nickel squeeze shines spotlight on China metals group Tsingshan

Billionaire co-founder and wife got start producing car doors and windows

11 March 2022
Russia's invasion of Ukraine has roiled global metal markets, with Turkey's steelmakers rushing to ramp up production and boost their exports. (Source photos by Turkey Steel Producers Association and Reuters) 
Business Spotlight

Turkey's steelmakers grab for market share from China, Russia, Ukraine

Industry sets expansion plan to capitalize on global disruption

11 March 2022
Although only a few countries are restricting imports of Russian oil, many companies are shying away from the fuel over logistical and ethical concerns.
10 March 2022
The price of nickel soared as much as 250% in two days to briefly trade above $100,000 a ton early on March 8.
Caixin

Chinese metal giant faces heavy losses on wild nickel ride

Company bet on decline in prices but market has surged

9 March 2022
An oil treatment plant in Russia's Irkutsk region. Around 3% of U.S. crude imports came from Russia last year, compared with 30% for the European Union.
Ukraine war

U.S. leads Western ban on Russian oil

Lower imports put America in better spot to absorb impact than European partners

9 March 2022
Palladium and copper prices both hit all-time highs on Monday. (Source photos by Reuters)
Commodities

Palladium, copper and nickel hit historic highs on Russia sanctions

Manufacturers scramble for supplies of crucial metals in cars, batteries

8 March 2022
Oil prices touched $130 a barrel on Monday for the first time since 2008.
Ukraine war

Oil soars over question of who can replace Russia

OPEC sticks to gradual output increase while U.S. shale hardly moves

8 March 2022
Stream article image
Economy

Indonesia's newest province chases $132bn industrial dream

Jokowi pins green hopes on Borneo amid delays at China-backed hydro plant

7 March 2022
Brent was quoted $12.73 higher at $130.84, while U.S. crude rose $9.92 to $125.60.
Markets

Brent crude hits $130 a barrel; Nikkei plunges

U.S., Europe ban on Russian products and delayed Iran nuclear talks spark fears

7 March 2022
An LNG ship arrives at a port in Sodeshicho, Shizuoka. Japan has been investing for years in Russia's Sakhalin oil and gas projects to reduce its dependence on Middle East energy.  
Ukraine war

Japan exit from Sakhalin LNG would let China swoop in: ex-minister

LDP's Seko says Tokyo must be pragmatic on Russia sanctions regarding energy

6 March 2022
An LNG carrier at port in Chiba Prefecture, Japan.
Ukraine war

Japanese utilities hunt for alternative LNG sources beyond Russia

Sanctions affect country that provides 8% of Japan's imports

4 March 2022
Russia accounts for 15% of coal exports globally.
3 March 2022
A liquefied natural gas plant operated by Russia's Sakhalin Energy. Europe would struggle to fill the gap created by the cutoff of gas from Russia.
Ukraine war

Europe faces 40m ton gas shortage on Russia cutoff

Global prices could rise on a scramble to purchase and a shortage of carriers

3 March 2022
Oil and Wheat prices are surging as the crisis in Ukraine deepens. (Source photo by Reuters)
Ukraine war

Oil prices surge on Ukraine war as Exxon plans Russia exit

Wheat prices hit 10-year high as conflict threatens global supply

2 March 2022