China to buy cheap oil for its emergency reserves amid price rout; Rio Tinto faces investor rebellion over Oyu Tolgoi; EIB Group moves to scale up economic response to COVID-19 crisis

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash

• Rio Tinto is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shake-up at the Oyu Tolgoi operation over what it claims is “a massive devaluation” of the asset.

• The European Investment Bank has discussed the creation of a €25 billion guarantee fund to enable the EIB Group to scale up its support for companies in all 27 EU member states by up to €200 billion in response to the coronavirus crisis

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