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Commodities: prices rebound after China loosens some Covid restrictions
Commodities, from oil to iron ore and copper, rose after China eased some restrictions on Covid, raising hopes for a pickup in demand in the world’s second-largest economy. Nearly all major commodities rose after news that China reduced the amount of time...
Rare earth: Japan seeks them 6,000 meters under the sea to counter China
Japan is seeking rare earths 6,000 meters under the sea to counter China’s dominance of these critical minerals, used for everything from smartphones to weapons. The government plans to start developing the methods needed to mine the elements near the Ogasawara...
Alert Eur/Usd: firm rebounds expected at least to 1.0350 area
After falling below parity on September 19, 2022 and accelerating downward to 0.9543, the Eur/Usd exchange rate has shown first signs of reaction, currently favoring a recovery of 4.34 percent from the lows recorded on September 28, 2022. The current medium/long-term...
Crude steel: world production rises 0.73% month-on-month
World crude steel production for the 64 countries under the World Steel Association (Worldsteel) was 151.7 million tons (Mt) in September 2022, an increase of 3.7 percent over September 2021 and a smaller month-on-month increase of 0.73 percent. China produced 87.0 Mt...