Commodities
World cereal production in 2023/24 seen on par with the 2021 record
(Posted on 12/09/23)The Food and Agricultural Organisation of the United Nations (FAO) forecast for global cereal production in 2023 has been revised down by 4 million tonnes compared to the previous figure released in July.Nevertheless, despite this month’s downgrade, world cereal production is seen increasing by 0.9 percent year on year, reaching...
Rio Tinto appoints new Aluminium Chief Executive
(Posted on 08/09/23)Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023.Jérôme is a French citizen with over 30 years of business...
US wheat growers express “unease” on final WOTUS Rule
(Posted on 04/09/23)The Environmental Protection Agency (EPA) and the Army Corps in the USA have announced the final definition of the Water of the United States (WOTUS) rule. The National Association of Wheat Growers released this statement:“While NAWG acknowledges that the EPA and Army Corps have taken steps to address the aspects of the 2023...
Shipowners shortchanged over grain cargoes, says Swedish Club
(Posted on 28/08/23)Despite the many and varied categories of cargo damage faced by shipowners transporting grain cargoes, when it comes to claims, it’s actually cargo shortage that they need to be prepared for, says The Swedish Club, in its new publication, Bulker Focus: Carriage of grains and soya beans.In the last five years, the Club&rsquo...
La Granja joint venture transaction completed
(Posted on 28/08/23)Rio Tinto and First Quantum Minerals have completed a transaction to form a joint venture that will work to unlock the development of the La Granja project in Peru, one of the largest undeveloped copper deposits in the world.La Granja is a complex orebody located at high altitude in Cajamarca, Northern Peru, that has the potential...
US Aluminum association marks anniversary of Inflation Reduction Act
(Posted on 21/08/23)Aluminum Association president & CEO Charles Johnson released the following statement on the one-year anniversary of President Biden signing the Inflation Reduction Act:“Infrastructure investment is buoying historic industry-sponsored capital spending – more than $6 billion announced for U.S.-based aluminum projects...
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