Page 7 - Metl News Today

Oil was slightly higher on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, while stocks lacked direction as investors waited for more clarity around the situation.

Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, though other financial markets started steadily with investors unsure of any further immediate implications.

State-owned Indian iron ore miner NMDC is likely to invest around 5 billion rupees ($61 million) in its planned first foray into gold mining, a source with direct knowledge of the matter said on Monday.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Investors may be inclined to shelter in place given the broader 'risk off' sentiment in markets on Friday.

Indian shares opened lower on Friday, following a decline in broader Asian equities as hawkish central banks sour appetite for risky assets and as domestic benchmarks began consolidating at near-record levels.

The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries.

Standing at a small booth among a row of other Japanese aerospace suppliers at the Paris Airshow, Yoko Konno is excited at the prospect of new orders for her company, but frowns at long delays to get titanium and the rising cost of chemicals.

Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has filed a legal claim against commodity trader Trafigura which a source close to the situation said was linked to an ongoing alleged nickel fraud case.

Down a steep dirt road from the Baishi Huashan lithium mine in southern China, trucks laden with silvery grey ore rumble towards a cluster of smelters in the valley below that have sprung up to cash in on the electric vehicle battery boom.