Fri, March 29, 2024

Commodities

China`s first round of auctions fails to impress

China`s first round of auctions fails to impress

China has published details of its first round of auctions of non-ferrous metals from its state reserves. The market response was underwhelming at best. The National Food and Strategic Reserves Administration stated that it would auction 20,000 tonnes of copper, 30,000 tonnes of zinc, and 50,000 tonnes of aluminum on July 5-6. The unique auction …

China`s first round of auctions fails to impress Read More »

Post-industrial lands are a new opportunity for solar power

On a recent spring morning, coal mine operator Dale Murray was atop a stretch of land in western Virginia that had been slept flat by mountaintop strip mining. He appreciated the panoramic view it afforded of the surrounding Appalachian hills. Murray’s company CM Mining acquired the thousands of acres of former mining land from Alpha …

Post-industrial lands are a new opportunity for solar power Read More »

boeing

Joy over Boeing, Airbus deal belies cracks

A contract for a five-year ceasefire in a U.S. and E.U. debate over aircraft support on Tuesday had achieved progress. However, the underlying trade relationship remains delicate, with many unresolved conflicts, diplomats and trade experts stated. The two economic powers allowed to set aside tariffs on $11.5 billion in U.S. and E.U. goods run during …

Joy over Boeing, Airbus deal belies cracks Read More »

oil, The importance of commodity exchanges

Oil prices increase as demand rises

 Oil prices settled primarily unchanged on Monday, after scoring their highest levels in more than two years.  Rising U.S. crude production and Britain’s slowed coronavirus reopening discouraged expectations for fuel demand growth and tighter supplies. The market responded negatively to a U.S. Energy Information Administration (EIA) estimate that shale oil production, which values more than …

Oil prices increase as demand rises Read More »

Oil falling in Asia while demand in India continues low

Oil falling in Asia while demand in India continues low

Oil was falling Thursday morning in Asia, with demand from India continuing to fall. Brent oil futures dropped 0.69% to $71.72 by 12:16 AM ET (4:16 AM GMT) and WTI futures were below 0.69% to $69.48. India, the third-largest oil customer, posted its weakest fuel demand level in May after August 2020. Economic activity continued …

Oil falling in Asia while demand in India continues low Read More »