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India has bought large amounts of soyoil from Argentina during the three days in which Argentina’s export tax on several agricultural products was suspended, with soyoil prices plummeting by more than $50 per tonne on a CFR West Coast India basis since the suspension was announced.

The world’s leading voluntary carbon standards body, Verra has signed a mutual recognition agreement (MRA) with the Indonesian government, with the aim of expanding the country’s access to climate finance by strengthening the integrity of its carbon markets.

Vitol is expanding its presence in copper trading with senior hires and a cautious, long-term strategy. The move highlights the growing role of metals in energy traders’ portfolios as markets shift post-Ukraine conflict.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our October survey.

Chinese cobalt refiners are preparing to use cobalt metal as feedstock for sulfate and tetroxide production, as tightening supply and price rallies on cobalt hydroxide from the Democratic Republic of Congo (DRC) have made smelters look for alternatives, market sources told Fastmarkets.

China has unveiled a two-year work plan to stabilize its giant steel sector, setting out measures to curb overcapacity, shore up profitability and accelerate a long-term transition toward greener and more technologically advanced production.