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Commodities

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

DAVOS, Switzerland, May 25 (Reuters) - Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) Chief Executive Benedikt Sobotka said on Wednesday. Combined with COVID-related logistical issues and demand for transparency...
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Bridgewater Exec: Commodities Are a 'Great' Inflation Hedge

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Karen Karniol-Tambour, co-CIO for sustainability at Bridgewater Associates, says commodities are an important inflation hedge for "responsible" investors. "The idea that you wouldn't own commodities if you care about the (energy) transition is totally wrong," she says on Bloomberg Television. "There is no transition without commodities."
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Malaysia's commodities minister to discuss resignation with PM

KUALA LUMPUR, May 26 (Reuters) - Malaysia's Plantation Industries and Commodities Minister Zuraida Kamaruddin said on Thursday she would meet the country's prime minister to discuss possibly stepping down from her post, one of the most important portfolios in the cabinet. Her announcement was made after she switched parties and...
ECONOMY

Tiger Brands warns of more price rises as cost pressures build

JOHANNESBURG, May 25 (Reuters) - Tiger Brands (TBSJ.J) will intensify efforts to reduce costs and minimise price rises but significant increases are inevitable, South Africa's largest food producer said on Wednesday as it reported a decline in profit. Consumer goods makers around the world are raising prices to offset soaring...
BUSINESS
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