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Chinese Fiscal Stimulus and Federal Reserve Expectations: Copper Responds with a Rise Between Caution and Optimism
Copper, along with other industrial metals, rallied after news of a possible new fiscal stimulus package from China, worth a total of 10 trillion yuan (about $1.4 trillion). This plan could be approved at a meeting of China's top legislative body scheduled for Nov....
Glencore: Decline in Copper, Cobalt and Coal Production, but Trading in Strong Growth
Mining and trading giant Glencore announced a decline in production of copper, cobalt, zinc, nickel, and thermal coal for the first nine months of 2024. However, the company maintained an optimistic outlook for its trading sector, confirming that this year's profits...
Steel Crisis in Europe: Between Rise, Economic Difficulties and Chinese Competition
Western European steel producers are trying to raise prices for hot-rolled coils (HRC), despite the fact that demand remains weak. Steel mills are now targeting a price of around €600 per ton (EXW), an increase from €520-530 in late September. However, this price...
Analysis of Asia-Europe Sea Freight Rates: Price Decline, Strikes, and Economic Variables
In October, ocean freight rates between Asia and Europe dropped 30 percent from the end of September, touching $3,500 per FEU for both Europe and the Mediterranean. This drop anticipates the period of calm demand, which usually occurs before the Lunar New Year, thanks...