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COLUMN: Robusta coffee prices have surged to a 45-year high. The culprit? Bad weather in top producer Vietnam.

Left unsaid, however, is a notable development that’s reshaping the market: China is developing a strong taste for coffee.

@Opinion #coffee
bloomberg.com/opinion/articl…

Incredibly proud of our climate coverage this morning after Bloomberg's reporting on water profiteering in the climate era was named as a finalist in this year's Pulitzers.

Congratulations to all the winners.

pulitzer.org/finalists/staf…

ED&F Man, the 240-year-old commodity trader that once supplied a daily tot of rum to every sailor in the Royal Navy, is in talks to be bought by Hartree

Isis Almeida

bloomberg.com/news/articles/…

Exclusive: Rio Tinto and Glencore are sitting on the sidelines for the moment as they watch to see how BHP's takeover offer for Anglo American will play out

Dinesh Nair Jack Farchy Thomas Biesheuvel

bloomberg.com/news/articles/… via Bloomberg Markets

Beijing’s new climate envoy wants to find common ground. It won't be easy, writes Alfred Cang trib.al/PVyH4Ec

🍫🇯🇵.Akemi Terukina | 照喜納明美 and Alfred Cang spoke with Itochu, one of Japan's top trading firms and cocoa importers, on what the unprecedented surge in cocoa prices mean for consumers.

bloomberg.com/news/articles/…

The inside story of a $39 billion bid to reshape the global mining industry

Thomas Biesheuvel Dinesh Nair Paul-Alain Hunt

bloomberg.com/news/articles/…

Is the beginning of a new wave of mining mega mergers?

Scoop from my colleagues Dinesh Nair Thomas Biesheuvel Crystal Tse

bloomberg.com/news/articles/…

A little-known Australian company is becoming the Western face of a Chinese nickel behemoth bloomberg.com/news/articles/… via Bloomberg w/Eddie Spence in Jakarta

Weird power stats out of China in March.

Electricity generation was up 2.8% to 748 twh

But electricity consumption was up 7.4% to 794 twh

Generation data doesn't capture distributed generation, so it always misses rooftop solar, but that is a LOT of rooftop solar to miss ...

An often-overlooked metal, tin, is at risk of a short squeeze after a price spike this month. Market chatter has focused on the role of a single trader that’s holding at least 40% of long positions on tin for May delivery
bloomberg.com/news/articles/… via Bloomberg Markets

Traders have already worked out how to game the new Russian metal sanctions

Mark Burton Archie

bloomberg.com/news/articles/…

Traders are expecting metals prices to jump on Sunday night after the LME banned new Russian supplies

Mark Burton Alfred Cang

bloomberg.com/news/articles/…

Big news for metals

US Imposes Sanctions on Use of Russian Metals on Exchanges

bloomberg.com/news/articles/…

Thyssenkrupp, one of Germany's most iconic industrial conglomerates, plans to reduce steel output by ~20%.

The plan responds to an 'upward trajectory of energy costs owing to climate policy objectives' and pressure from 'unchecked' Asian steel imports.

thyssenkrupp-steel.com/en/newsroom/pr…

🍿🍿 The story everyone in oil trading will talk about:

The son of the founder of Trafigura breaks silence and accuses the company of using his late father as a 'scapegoat' to 'protect others [inside the firm] included in the legal cases'

Jack Farchy #OOTT
bloomberg.com/news/articles/…

A VERY PROFITABLE ENERGY CRISIS:

Vitol, the world's largest independent oil trading company, has made more money in the last 3 years than during the past 30 years combined.

(In 2023, it made ~$13 billion in net income, its 2nd best year ever: bloomberg.com/news/articles/… | #OOTT

A real-life episode of Succession is playing out in the commodity trading industry

Archie and I reveal some new details on who is being lined up to run these billionaire factories

bloomberg.com/news/articles/…

More psychodrama at top commodity trader Trafigura, as the company announces the departure of its exec director and CFO

bloomberg.com/news/articles/…