The price of copper — used in everything from computer chips and toasters to power systems and air conditioners — has fallen by nearly a third since March. Investors are selling on fears that a global recession will stunt demand for a metal that’s synonymous with growth and expansion. You wouldn’t know it from looking at the […]
With most of the world’s biggest economies having curbed pandemic restrictions, the mantra for the global events industry is “business is back”, following a difficult two years. But attendance at the Imex show in Frankfurt — which caters to the trade show and travel sectors themselves, with attendees including conference venues, event managers and hotel […]
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 […]
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 […]
As China strives to hang onto its pole position in the rare earth sector, deteriorating relations with Western countries may speed up their diversification efforts, but analysts say it may be difficult to break free of the stranglehold that China has on the supply chain for critical minerals. This week, US Treasury Secretary Janet Yellen […]
