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China’s factory-gate price growth accelerated in August, while consumer inflation picked up again, amid volatile energy and commodity costs linked to the US-Israel war on Iran. The producer price index rose 3.8 per cent year on year last month, up from 3.5 per cent in July, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The reading beat a 3.6 per cent projection from economists polled by financial data provider Wind. Meanwhile, the national consumer price...

As Tesla CEO Elon Musk touted the motor of his company’s Cybercab – which, he claims, contains no rare earth elements – debate has emerged over whether the technology could mark a meaningful shift in electric vehicle (EV) supply chains, or undercut one of China’s trump cards in its protracted trade conflict with the US. While the move has been viewed as an effort to reduce the EV industry’s reliance on rare earths – an essential component in the permanent magnets that power electric motors –...

China is expected to slow sugar imports for the rest of the year as concerns grow over a global supply crunch and higher prices, with Thailand – the world’s second-largest exporter – facing a sharp drop in production. The world’s second-largest economy relies on imports for about a third of its sugar supply, though high domestic stockpiles are expected to cushion the impact. Analysts estimated only moderate increases in local prices for the sweetener, which is considered a strategic agricultural...