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Cia. Brasileira de Aluminio plans to invest 4 billion reais ($748 million) in the next five years as it overhauls and expands operations. The company that made its Brazilian trading debut in July after a 1.4 billion-real offering also wants to do deals along the value chain. The growth plans align with CBA’s view that aluminum is heading into a supply deficit as global de-carbonization efforts boost demand at a time when China is restricting smelting. The metal used to reduce vehicle weight has held up better than most commodities amid growing delta variant concerns, and is up 44% in the past year. Source: Bloomberg

Gold held steady as investors remained cautious ahead of the release of minutes from the Federal Reserve's most recent policy meeting. After sliding 0.1% Tuesday, spot gold slipped 0.3% to $1,780.85 an ounce at 1:53 p.m. in New York. Source: Bloomberg

The software company, co-founded by the technology billionaire Peter Thiel wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month. The filing also said it acquired technology startups, blank-check companies, and even cryptocurrencies. It seems that a loss of faith in the Fed as well as a fear of new black swan events happening is backing up this gold standard like move. Stay hedged, stay safe! Source: Oilprice.com, Yahoo Finance

Sugar prices are rising, approaching four-year highs, as dry weather scorches cane fields and record ethanol prices push mills to convert more of their harvests to fuel. After two years of drought, coupled with frosts last month, mills rushed to cut and crush their sugar cane before it deteriorated further, prices for ethanol made from sugar cane in Brazil have reached new highs. Source: Bloomberg 

Oil slumped below $65 a barrel to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and supporting the dollar. Source: bloomberg