this is "bloomberg markets: the close" with caroline hyde, romaine bostick and taylor riggs. s 2:00 p.m. in new york, 7:00 p.m. in london. this is "bloomberg markets: the close." i am caroline hyde. romaine: i am romaine bostick. taylor: i am taylor riggs. caroline: yields are pulling back from multiyear highs. read between the lines of the beige book. taylor will have you covered. let's focus on the fed speech. they will fight inflation as

caroline hyde, romaine bostick, taylor riggs. to continue our special coverage today of the passing of elizabeth ii, peter dixon is joining us. i guess we should start off asking not just your reaction to this, but really what you think could potentially change going forward with regards to the structure and leadership of this nation. >> it is fascinating to hear john authers talking about these things because he said many of the things i guess i have been kicking around as well. i think in many ways, the queen was a bridge to the past two when britain was at a more significant power it is today. her passing and the transition to a new generation i think will involve significant amounts of soul-searching as to what is britain possible in the world. -- new generation now the air to the throne. does the monarchy change? does that change the way we think about ourselves? there are all sorts of questions we would have to unpack over the verse of the next few days. once you get over the shock, i think we will start to look forward rat

this is the close with caroline hyde, romaine bostick in taylor riggs -- and taylor riggs. 2:00 p.m. in new york, 7:00 p.m. in london. live from bloomberg's world headquarters, this is the close. no matter what time it is, all you are talking

. >> rio tinto ceo jakob stausholm speaking with taylor riggs and romaine bostick.ook at prices soaring once again. minerals attracting its highest ever winning bid for a shipment. paul allen joins us now with more. what is the steep upside right now? we see so much enthusiasm for the future metals. paul: that minerals deal was quite extraordinary. this was for a shipment of the raw material of lithium. 5000 tons shipment. just last month, they saw the shipment for $7,000 a ton, so that is a 10% jump. if you get to the more refined product, lithium carbonate, that is even more expensive. 71.5 thousand dollars per ton, triple five months ago. at price going beyond those insane levels that elon musk was talking about a year ago. demand for electric vehicles obviously a factor here but there's so many supply issues as well. sichuan province had electricity outages. that afflicted their supply chain and delivery issues. and new capacity for lithium is very slow to bring on so new mineral resources australia is another lithium miner. they see these problems continuing un

. ♪ >> this is "bloomberg markets: the close," with caroline hyde, romaine bostick in taylor riggs. >ick you up to the close and close to two hours we are back to two-year lows. >> the 3670 level where we stand right now, that is not just the lowest we have seen all year long can we go back to the correction in between 20 as last time we have been here -- in 2020 as a last time we were here. >>