Doug Alexander

Copper fell as much as 3.4% on the London Metal Exchange after US President Donald Trump threatened a “massive increase” of tariffs on goods from China.

Peabody Energy Corp. is considering walking away from a $3.78 billion deal to acquire Anglo American Plc’s steelmaking coal assets after a fire at an Anglo mine in Australia.

US tariffs are on the forefront as Donald Trump returns to the White House as well as the fallout from sactions against Russian oil. Meanwhile, a potential merger would create a mining powerhouse.

Americans go to the polls on Tuesday in a presidential election that could influence gold prices and the future path for US renewable investments. And this week gets bookended by US agricultural reports that signal how the world’s wheat supplies are faring.

Commodities are soaring, fueled by escalating conflict in the Middle East, war in Ukraine, wild weather and supply chain bottlenecks. Gold’s rally has made buying Brent with bullion cheaper. And risks to Brazil’s corn crop are driving up prices of the grain.

The Exxon Mobil Corp. investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped.

The metals world is monitoring the impact of the London Metal Exchange’s banning of new Russian supplies including aluminum, while one of the biggest gatherings for the copper industry — Cesco Week and CRU’s World Copper Conference — kicks off in Santiago. Meanwhile, the annual BNEF Summit will convene in New York, bringing together project developers, government officials and bankers to discuss global trends in the energy transition.

The collapse of a Baltimore bridge has threatened to disrupt commodity exports — including a significant chunk of US coal shipments — from an important East Coast port. Iron ore prices swing near $100 a ton amid weak Chinese steel demand. And the frantic pace of dealmaking in the oil-and-gas industry continues, with a strong start to the year.

Cocoa, the key chocolate-making ingredient, continues to rally, setting fresh records ahead of Easter. Oil is poised to extend its monthly streak of advances as demand outpaces expectations. And copper investors are increasing bullish bets for the industrial metal.

As mining enthusiasts converge on Toronto for one of the industry’s biggest global gatherings, lithium and uranium companies will vie for investors’ attention. US natural gas gets a boost to help reverse its losing streak. Oil spreads are rallying. And renewable jet fuel is set to take off.