Commodity prices from iron ore to oil rallied on Tuesday as concerns eased about the impact of Covid-19 on the Chinese economy. Iron ore prices soared 8 percent, while oil prices traded back above $70 a barrel, as traders grew more confident about the prospect for demand in China. The price moves come after a […]
MIT professor Gang Chen was raided by FBI agents and arrested for allegedly hiding connections to Chinese entities, but all charges were dropped in January. Photo: MIT/Handout via Reuters China-born MIT professor Gang Chen, whose name was cleared earlier this year following a high-profile investigation into his alleged China ties, has led a team to discover what […]
LAUNCESTON, Australia, Aug 8 (Reuters) – China’s imports of major commodities presented a mixed picture in July, with crude oil undeniably weak, but some signs of life in industrial metals such as copper and iron ore. The standout performer was coal, with arrivals jumping some 23.9% from the prior month, but this was likely driven […]
LONDON, Aug 2 (Reuters) – China imported 373,000 tonnes of refined copper in June, the highest monthly tally this year. Cumulative imports over the first half of the year came in at 1.87 million tonnes, up by 4.4% on the first half of 2021. This renewed hunger for refined copper has not been for want […]
