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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...
A bullish report in Reuters last week advising metal output in China was breaking records, again, looks at odds with developments this week. China’s primary production reached 3.35 million metric tons in April. That marked a 2.3% jump from 3.28 million tons in March. Furthermor...
Bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday low last week, bitcoin fell over 53%. Is that the end of the sell-off? Doubts about the post-virus bo...
Top-of-cycle conditions could prove enduring for metals needed in the global energy transition. Electric vehicles will require four times as much copper as a regular petrol or diesel cars. The largest investment-grade miners have never been more disciplined in their capital alloca...
Commodities are on the move. Copper is at an eight-year high and lumber has tripled in a year’s time. When asked about Bitcoin’s meteoric rise, Bob Iaccino commented that “Bitcoin appears to respond to global currency devaluation.” I believe this is the mos...
China may want commodity prices to stabilise but its environmental and economic goals suggest demand will remain strong. This is the trilemma facing the market, and the more officials bang the drum on these conflicting aims, the greater the risk of imbalance. A trade spat with its...
Metals prices are flirting with record levels, agricultural markets are trading at multi-year highs, and oil has staged an impressive recovery. The post-Covid-19 recovery is clearly bullish for commodities. However, what is less clear is whether we can call this a super-cycle. We ...
This article deals about my favourite trades for the green energy transition. The green energy transition is a once in a lifetime paradigm shift that we can trade and profit from. Copper and other metals used in the electrification process are undoubtedly a popular way to trade th...
Metal prices have been rising this year, in part because of a rapid recovery in consumer spending and manufacturing following last year's lockdowns. Constrained supply is also a major driver of metal prices. In some cases, such as copper and zinc, this has been from lockdowns in major...
Near-record supply chain disruption has led to fastest rise in global input prices since August 2008. Higher costs were passed through to clients at sharpest pace for over a decade in March. Shipping delays, elevated transport costs and higher commodity prices likely to feed throu...