Iron ore headed for three weeks high as China starts to reopen 30/05/22

Iron Ore Rises With Copper on China’s Waning Virus Outbreak   Iron ore headed for its highest close in three weeks as industrial materials gained on hopes that China’s easing of virus curbs will herald a demand recovery. Beijing relaxed movement restrictions in several districts as new local cases in the capital declined to only …

Asian Coal Prices rallied to a record high as India secured shipment 30/05/22

Asian Coal Prices Extend Record-Breaking Rally on Indian Demand   Asia’s coal benchmark rallied to the highest on record as India — a top consumer of the power plant fuel -moved to secure shipments, tightening supplies in the region. Spot physical coal at Australia’s Newcastle port jumped 1.6% to a record $398.75 a ton on …