Cocoa Set for Best Month on Record as Bean Shortages Fuel Rally
Cocoa retreated in New York, but was still on course for its biggest monthly gain on record as chocolate manufacturers rush to secure beans.
Cocoa retreated in New York, but was still on course for its biggest monthly gain on record as chocolate manufacturers rush to secure beans.
Representative Clay Higgins, a member of the House Homeland Security Committee, has asked Treasury Secretary Janet Yellen to “thoroughly review national security concerns” in the proposed sale of a US ammunition manufacturer to a firm based in the Czech Republic.
Chinese smelters, which produce over half the world’s supply of refined copper, moved a step closer to implementing a joint output cut after tightening ore supplies drove processing fees to near zero.
French renewable energy developer Neoen SA is considering selling a 30% stake in its Australian unit to raise more than €1 billion ($1.1 billion) to fund its growth in the country, according to people familiar with the matter.
The US purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies.
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