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The move is blow to the US dollar as Russia bids to reduce its reliance on Western banking systems after it was hit by sanctions over its invasion of Ukraine
An Indonesian nickel miner signed a big investment deal on Tuesday with China's Shandong Xinhai Technology to build a processing plant on Sulawesi Island.
The move by Beijing is seen as a bid gain more leverage over some of the world's biggest mining conglomerates
India is exporting products using Russian oil to countries with sanctions on Russia, with the top five being South Korea, Singapore, the US, Australia, and the Netherlands, Petro Logistics says
Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard
Local governments are selling off idle properties and mining rights as the country's faltering economy puts pressure on fiscal revenue, Caixin Global reported
The deal will give the global miner ownership of Turquoise Hill's 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposits, 550km south of Mongolia's capital Ulaanbaatar
Toyota now plans to outlay $3.9 billion on an EV battery plant in North Carolina, it said on Wednesday, partly because of rising consumer demand.
Higher gas and oil prices caused profits to jump to $5.14 billion for the April-June period, soaring 140% from $2.14 billion a year earlier.
Move comes as steelmakers around the world are under pressure to cut CO2 emissions to tackle climate change. Steelmaking generates up to 11% of global carbon emissions
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India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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