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West Texas Intermediate fell 0.6%, taking the week’s loss to more than 2%, the most since the period to April 9. Singapore will reimpose curbs, Japan plans to extend restrictions, and China saw its first infections in about a month, just as key oil importer India continues to report more than 300,000 cases a day. Crude’s weakness on Friday came amid a broad retreat in commodities.

The top Lithium miner Albemarle is part of a growing list of companies looking to grab a share of the market for recovered battery materials as lithium supplies show signs of tightening. Thirteen years after the Tesla Roadster made its debut, a first generation of EVs is nearing retirement, making more battery packs available. Once that happens, recycling is going to “take off,”.

TWE which is the world's largest publicly listed wine maker pulls back expectations going into the second half of 2021 as Chinese tariffs on Australian wine imports increase. The company said it expects earnings before interest, tax, SGARA and material items (EBITS) of A$495 million to A$515 million ($382.64 million to $398.10 million) for 2021, down from A$533.5 million a year earlier. ($1 = 1.2937 Australian dollars).

With commodities like palm oil booming, end products like chocolate could become more expensive. If this is reflected in higher consumer precise, because high end swiss chocolates are relatively inelastic products, such companies like Lindt could see their net income rise, hence their EPS, hence their share price. 

Oil has surged this year, joining a broad rally in commodities, as investors wager that the economic recovery from the coronavirus outbreak will spur energy consumption. The roll-out of vaccines in the U.S., Europe and China has allowed governments to pare back social-distancing measures, permitting a return to work and much greater mobility. Still, Covid-19 flare-ups in many parts of Asia, including India, have complicated the global picture.