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Commodity and industrial market news — prices, production, trade and regulation — with expert analysis

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| Machinery & Automotive

Heritage Foundation Warns Over Carney's EV Bargain With China

The Heritage Foundation has published a commentary criticizing Canadian Prime Minister Mark Carney's electric vehicle arrangement with China and calling it dangerous for North American auto trade. The piece is framed around the integrated Canada-US-Mexico automotive market, without quantifying tariffs or volumes.

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Henrik Johansson
Senior Machinery & Automotive Analyst
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| Chemicals & Fertilizers

Yara affirms mid-2026 investment decision for Louisiana blue ammonia project

Yara has affirmed that it expects to take a final investment decision around the middle of 2026 on its planned blue ammonia project on the US Gulf Coast in Louisiana, according to Quantum Commodity Intelligence. The reaffirmed timeline keeps one of the sector's most closely watched low-carbon ammonia projects on schedule for a go-ahead decision next year.

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Katrin Vogel
Senior Chemicals & Fertilizers Analyst
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| Metals & Mining

Aperam to invest nearly R$1.5 billion in charcoal and low-carbon steel with IFC backing

Steelmaker Aperam will invest almost R$1.5 billion to expand charcoal production and decarbonization projects, funded through a package from the World Bank's IFC. The money will modernize charcoal furnaces, buy eucalyptus plantations and scale bio-oil output. It is the IFC's first sustainability investment in Brazil's steel and metals sector.

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Thomas Reid
Senior Metals & Mining Analyst
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| Agriculture: Crops & Grains

Russia's cattle herd shrinks in early 2026, raising beef price risks

Cattle at Russian agricultural enterprises fell 0.8% year on year to 7.3 million head in the first quarter of 2026, with cows down 1.7%, according to Rosstat data cited by Kommersant. Milk output is holding up on higher yields, but beef supply is tightening and retail prices are up 16.2% year on year.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Chemicals & Fertilizers

Russia's polymer output rises 1% in 2025 as consumption falls 2.3%

Russia's production of the five major large-tonnage polymers rose 1% in 2025, while domestic consumption fell 2.3% to 6.69 million tonnes, according to TASS. The split points to a home market absorbing less material even as plants produce more.

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Katrin Vogel
Senior Chemicals & Fertilizers Analyst
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| Food & Beverages

Russian cognac output drops as Armenian spirit supply is curbed

Russian cognac production fell 26.67 percent in June after Rospotrebnadzor suspended sales from three Armenian producers, disrupting supplies of cognac distillate. Industry guild head Andrey Moskovsky said producers had too little time to rebuild sourcing, leaving first-half output down 6.6 percent.

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Isabella Romano
Senior Food & Beverage Trade Analyst
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| Metals & Mining

Lithium battery stocks slide in Hong Kong as new supply approaches

Lithium battery-related stocks fell across the board in Hong Kong as investors braced for more lithium supply, according to Moomoo. The selloff was driven by two developments: the production restart at Jianxiawo and the commissioning of West Africa's largest lithium mine. Moomoo did not disclose price levels, volumes or a timeline.

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Chen Wei
Metals & Mining Analyst
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| Food & Beverages

Seafood industry braces for fresh US tariffs as uncertainty rattles trans-Atlantic trade

The seafood industry is bracing for fresh US tariffs as policy uncertainty unsettles trans-Atlantic trade, according to Undercurrent News. The publication reports that firms moving seafood between the US and Europe are preparing for new duties, though the rates, products and timing remain unclear. Importers and exporters face harder pricing and contracting decisions until Washington sets out its plans.

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Isabella Romano
Senior Food & Beverage Trade Analyst
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| Agriculture: Crops & Grains

Cameroon bans raw log exports for 91 tree species

Cameroon has prohibited exports of unprocessed logs from 91 tree species under a decree signed on 28 April 2026 by Forests and Wildlife Minister Jules Doret Ndongo. The measure is part of a push to expand domestic wood processing and cuts off raw-log supply for importers of tropical hardwood.

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Martin Keller
Senior Agricultural Commodities Analyst
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| Metals & Mining

Aperam to invest R$1.5 billion in charcoal production and decarbonization

Stainless steelmaker Aperam will invest nearly R$1.5 billion, financed through the IFC, to expand charcoal-based reduction and decarbonization at its Brazilian operations. The funding backs eucalyptus plantations, cleaner furnaces, seedling nurseries and large-scale bio-oil production.

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Thomas Reid
Senior Metals & Mining Analyst
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