India's total coal production in fiscal 2021-22 has been tentatively estimated at 777.02 million tonnes, the country's coal ministry said. "The total coal production in fiscal 2021-22 was 777.02 million tonnes (provisional) as against 716 million tonnes in fiscal 2020-21, recording an increase of 8.55%. Coal India Ltd's (state-owned coal mining corporation) production increased by 4.43% from...

Authorities in Mexico, Bolivia, Argentina and Chile, which have lithium reserves, are discussing creation of an association to share technology for exploration and extraction of the mineral, Mexican President Andres Manuel Lopez Obrador said. "There has been communication with the president of Bolivia, he in turn has a dialogue, as do we, with the president of Argentina, who also have lithium,...

The Chinese authorities will discuss loosening control over the technology sector with Tencent, Meituan and other IT-giants, newspapers reported. China plans to loosen controls over the country's technology sector amid a slowdown in economic growth. This week the Chinese government will hold a meeting with representatives of the largest IT-companies to discuss the regulation of the industry,...

For the first time since April 2002, the US dollar/Japanese yen soared above 130. This came as the Bank of Japan reaffirmed its commitment to a loose monetary policy in the face of growing inflation. "While central banks in the United States and Europe tighten monetary policy or hike rates, the Japanese economy is still recovering from the pandemic's impact," Bank of Japan Governor Haruhiko...

The world economy has entered the age of the strongest commodity shock since the 1970s, with surging prices for energy, food, and metals, shows a new WB’s analysis of commodity markets. Energy prices are expected to soar by more than 50% in 2022, while non-energy items would rise by over 20%, according to the World Bank. Despite a drop in practically all commodity prices in 2023-2024, researchers...

According to market statistics, global oil prices are down more than 1% on Thursday morning as investors remain concerned about demand in China. Brent crude prices declined 1.4 percent to $103.48 a barrel on Thursday morning, while WTI futures fell 1.3 percent to $100.69 a barrel. The situation in China continues to influence oil prices. For example, the country, which is one of the largest...

According to a forecast released by the World Bank, record high commodity and food prices will remain around the world until 2024. "The situation in Ukraine has delivered a significant blow to commodities markets," the document reads, "altering global trade, production, and consumption patterns in such a way that prices will continue at historically high levels until the end of 2024."...

Many countries' efforts to curb the rise of local energy and food prices (via tax breaks, subsidies, and other means) may cause them to rise even more on the global market, resulting in huge budget costs. The International Monetary Fund's new financial review (Fiscal Monitor) shows these conclusions. It reviews data from 134 nations on responses to rising food and energy prices as of March 31...

According to a statement from Norway's national wealth fund, which controls $1.3 trillion in assets, the crisis in Ukraine and the quarantine imposed in China over the COVID-19 outbreak cost the fund $74 billion in the first quarter. This is the world's largest sovereign wealth fund's first quarterly deficit since 2020. billion due to events in Ukraine and a lockdown in China Stocks, which...