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However you slice and dice the statistics - and there are numerous ways stats can be sliced and diced - the global aluminum market is tight. According to the International Aluminum Institute (IAI), total global aluminum production rose to 5.74 million metric tons in May. From Janu...
SimoneN/iStock via Getty Images China says it will release national reserves of major base metals over the short term in an effort to stabilize surging commodities prices. China's National Food and Strategic Reserves Administration says it will release reserves including copper, aluminum and ...
SimoneN/iStock via Getty Images Copper miners slide into the red in pre-market trading after prices for the metal slip to a seven-week low, with a stronger dollar, increased supply and subdued global demand weighing on its outlook. London benchmark copper (HG1:COM) recently -3.9% at $9,580/to...
The global commodities complex continued to receive strong investor support over the past month as the world economy entered unfamiliar territory. All forms of transportation are experiencing delays (some intermittently), including ocean freight, air freight, trucking and rail. Ri...
robas/E+ via Getty Images Shares of industrial metal miners and steel producers are rising broadly as copper prices rise in spite of China's decision to release strategic metal reserves in an attempt to halt rising prices, while a bipartisan group of U.S. senators reached agreement on a $1.2T...
Global miners slide alongside prices for copper and iron ore following weaker than expected trade data from top consumer China that showed lackluster demand for raw materials.Imports to the world's biggest steel market slowed to 89.79M metric tons in May, well below the 98.57M tons China boug...
Global supply chains are still very impacted by COVID-19. Large branded food and household product companies are seeing inflation as it relates to groceries. Faircloth: Staples companies in a better position to pass through higher prices. For further details see: What Fo...
The fossil fuel industry is not going to disappear overnight. Nor are major industrial activities that have a heavy carbon footprint, like steel production. Polluters are caught in a pincer movement that will almost certainly result in higher costs in the medium term. Some in the ...
The intention of the Section 232 tariffs on steel and aluminum was to stop the long-term decline of the US steel industry by protecting domestic producers from low-cost imports. However, the strategy shifted a substantial cost to steel consumers, who employ far more workers than the s...
China’s “zero tolerance” warning to commodity speculators over the weekend sent prices of some metals and iron ore tumbling. Bloomberg reported the government had also threatened severe punishment for violators indulging in excessive speculation and fake news in t...