Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump. Prices for the raw material used in lithium-ion batteries fell again at the end of last year, according to the December price assessment released […]
The global soybean market will have a tough job in 2020 adapting to the impact of the most recent chapters of the US-China trade dispute, the prolonged influence of African swine fever on Chinese consumption and the rise of Brazil to the top spot in global production rankings. The US-China trade dispute has dragged on […]
Gold is set to remain more expensive in the New Year as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram, says a PTI report. Thanks to various government policies and soaring stock market, gold witnessed periodic as well as steep price fluctuations in […]
The price of silver jumped 8 per cent in both domestic and international markets on the back of a sharp rise in industrial demand ahead of the Chinese New Year celebrations on January 25, 2020. Silver traded at $17.9/oz at the London spot market on Thursday, recording an 8.2 per cent jump from its recent low about […]
Liquidity crunch due to financing cuts by banks leading to cutters and polishers reducing purchases has resulted in India experiencing the steepest decline in net rough diamond imports sharply in 2019 so far. According to the data from the Gem and Jewellary Exports Promotion Council, the overall gross import of rough diamonds between April to […]
In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions, says RaboBank’s 12 month outlook report. As macro, political, and climate risks continue to make their mark on agri commodity markets in 2020, producers, processors, traders, and retailers need to prepare, the report warns. China’s hog herd declined significantly, as […]
In its latest global industry overview, Fitch analysts maintain a bearish outlook on metal prices as trade tensions and a weak demand outlook remain “firmly in place.” Fitch says among key themes for 2020 are ongoing macroeconomic risks and weak demand, which will keep prices suppressed over the year. The firm forecasts prices for most metals to […]
China and India are set to dictate oil prices in 2020, noted Reuters’ John Kemp in a recent column that tackled the issue of oil price forecast complexity. They are among the world’s top oil consumers, together accounting for almost a fifth of global oil consumption. According to Kemp, it’s worth keeping tabs on the world’s ten […]
Gold dealers in India have been offering a discount due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities. According to a Reuters report, dealers in India offered a discount of up to $2 an ounce […]
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing buying more American farm goods, Reuters reported quoting US sources. Beijing’s silence, however, fuelled questions over whether the two sides can come to a truce in their bitter trade […]
