Weekly Wrap – Monsoon and gold keep commodities sentiments bullish

In March this year, the world entered the COVID-19 pandemic with persistent, pre-existing external imbalances. The crisis has caused a sharp reduction in trade and significant movements in exchange rates, but limited reduction in global current account deficits and surpluses. The outlook remains highly uncertain as the risks of new waves of the contagion, capital […]

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Jewellery manufacturers hit by new challenge of inadequate manpower to execute adequate export orders

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The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said. Demand […]

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Mysteel Global – China’s coal consumption cap at 4.2 billion tonnes by 2025

In its latest draft for China’s coal industry development strategy, the China National Coal Association (CNCA) proposes to limit the country’s total coal consumption within 4.2 billion tonnes by 2025 on the assumption that coal will remain China’s core energy generation source, while the proportion of clean energy will incline further in the coming years. […]

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China steel demand to keep growing in H2

(The story appears here courtesy our content partner Mysteel Global) China’s domestic steel demand is expected to recover further during this half of 2020 with the continued strengthening in the domestic economy to finally score an on-year growth for the whole 2020, offsetting the declines in the first half amid the COVID-19, Shen Bin, chairman of […]

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