JJM News and Press, iPathA Series B Bloomberg Industrial Metals Subindex Total Return ETN From 10/19/22

Summary Resource equities continued to exhibit remarkable resiliency during the quarter, with the S&P Global Natural Resources Index outpacing global equities and global bonds over the 3-month period. Macroeconomic themes mostly continued to dominate all resource equity-relate...

Summary The UBS Constant Maturity Commodity Index and other commodity index strategies slumped during September. CMCI declined by 5.5% in September but remains up 8.4% year-to-date. The Bloomberg Commodity Index declined by 8.1% in September and remains up 13.6% year-to-date. ...

Summary The LME continues to review a ban that would keep Russian aluminum, nickel, and copper from the exchange. The LME seems anxious to avoid the ongoing drain of non-Rusal aluminum in their warehouses being replaced solely by new deliveries of Rusal metal. The German gover...

Summary China’s aluminium output has held up despite the energy crunch. China’s exports of unwrought aluminium and aluminium products have also risen in 2022 - up 31.5% so far this year versus a year earlier to 4.7 million tonnes. The rise in Chinese output comes...

Summary Energy-sensitive European factories and aluminum smelters remain stranded due to the ongoing Russian-Ukrainian war. China still remains the go-to destination for European steel and aluminum supply. Though China itself, one of the largest consumers of steel, coke, and a...

Summary As the ”invoicing” currency of the world, when the U.S. dollar appreciates, other currencies essentially depreciate. Rising commodity prices can be a boon for emerging economies – including oil exporters Brazil, Mexico and Russia – that rely on ...

Summary After powering to new highs in the Spring, metal prices continue to slide. Iron ore, aluminum, and copper have all fallen to varying degrees, and those merely represent the largest volumes. Prices surged earlier this year based on several predictions. The first was that ra...

Analysts have been bullish about a supply squeeze for months because sky-high natural gas prices forced record electricity costs across Europe. After all the volatility these last twelve months, the markets are now laser-focused on the traditional driver of global metals demand and pr...

Emerging markets hard-currency bonds could remain volatile given the challenging global macroeconomic backdrop, but we see pockets of opportunities. BloombergNEF believes total metal demand from lithium-ion batteries will reach 13.5 million metric tons by 2030. Strong demand for c...

The energy sector led during the month of July, providing almost all of the positive performance due to a strong rally in natural gas prices. The heat wave from late June into early July in the lower Midwest U.S. killed cattle, quickly reducing supply. However, both cattle and hogs ra...