Oil, grains rise; Palladium prices surge, gold climbs; Aluminium at record-high; Nickel up on Russian supply worries; Fears of food inflation as wheat, corn, edible oil prices rally

The satellites will be mainly used for commercial remote sensing services, marine environment monitoring, forest fire prevention and disaster mitigation, the report said

Three-month aluminium on the London Metal Exchange jumped 3.3% to $3,402 a tonne by 1700 GMT after touching a record of $3,480

China also approved 74 million tonnes of replacement coal-based steel production capacity last year, more than the whole of the rest of the world

A research team examined emissions estimated by companies in their applications and compared these with data reported to a regulator

The jump in earnings came despite tight labour market conditions due to coronavirus pandemic-related restrictions in Western Australia

Russia is the second largest supplier of crude oil to China and its third biggest gas supplier. It is also a major oil supplier to South Korea, while it also sells coal to Japan, Vietnam and India.

As major economies shift to electric cars in the global fight against climate change, lithium is being increasingly called “white gold”, as prices have soared over the past year.

The company earned less for the gold it produced and was also hit with higher labour and freight costs due to a tight sea freight market

Asia-Pacific is the world’s largest net food and energy importer but it is not monolithic so a spike in food and energy prices would have an uneven impact

The stone is the "largest internally flawless step cut vivid blue diamond" ever graded by the Gemological Institute of America, the auctioneers said

The Northern Territory government halted expansion plans for the Anglo-Swiss company's McArthur River zinc and lead mine