basic materials

A worker at an Indianapolis oil-change location operated by Valvoline. Photo:…
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Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the U.K. and to conspiracy to violate U.S.…
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Glencore GLNCY 2.56% PLC is set to settle long-running U.S. corruption investigations on Tuesday, finally resolving criminal probes into its global mining and…
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Private-equity giant KKR KKR 7.11% & Co. aims to make big returns for its investors when it sells a company. Its latest deal will also deliver a serious payout for a different type of…
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Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless companies and governments tighten their controls.In theory, U.S. and European sanctions have outlawed the…
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Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals.Average prices of U.S. high-yield bonds fell to around 91 cents on the dollar Monday, the…
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CORINTH, Miss.—Construction equipment maker Caterpillar Inc. CAT -1.46% wants to sell engines—again and again.Every day, old, beat-up and broken-down engines from mining trucks and…
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Startups marketing alternative crop fertilizers said they are gaining traction among U.S. farmers and investors, pitching themselves as a potentially cheaper option as prices for traditional fertilizers surge.Companies such as Pivot Bio,…
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Invesco Ltd. is launching an exchange-traded fund for metals used to build electric vehicles, a sign of growing investor appetite for commodities and products tied to the energy transition. The new fund,…
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Lithium is a key component of rechargeable batteries, and developing domestic supply is seen as an important step in a broad push for the U.S. to transition to alternative energy sources. In February, the Biden administration unveiled plans…
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