The Automotive Monthly Metals Index (MMI) increased by 8.1%, as palladium prices surged in the early part of the month and renewed COVID-related restrictions in China impacted automotive operations. COVID restrictions in China curb production While many parts of the world have started to roll back COVID-related restrictions, a resurgence of cases in parts of China has led Beijing to ramp up mitigation efforts.
In keeping with its zero-COVID policy aims, the cities of Changchun and Shenzhen have shut down in response to a surge in COVID cases. “China…Tight Supply Sends U.S. East Coast Jet Fuel Price Surging
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