Heavy rains are as soon as once more pounding South Africa’s KwaZulu-Natal province, little question inflicting severe concern amongst mining corporations in neighboring Zambia and DRCongo who rely closely on the KZN’s Port of Durban to export copper and cobalt, largely to China. Huge floods final month pressured the port to shut for weeks inflicting widespread disruption to the worldwide cobalt mineral/metallic provide chain. (NEWS24)
Saudi Arabia held agency to the highest spot of China’s main oil suppliers with purchases up 38% final month. Malaysian oil exports to China jumped by 84% however analysts suspect that a whole lot of that crude is Iranian oil that’s laundered in Southeast Asia to keep away from U.S. sanctions. Angolan imports fell 10% due partially to heavier shopping for of discounted Iranian oil, say analysts. (REUTERS)
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