China's Surging Commodity Exports Suggest Weak Domestic Demand – OilPrice.com
China’s exports of copper, diesel and alumina surged in June compared with the same month in 2023, with copper exports surging to a record high as sluggish domestic demand due to weaker-than-expected economic growth weighs on Chinese consumption of goods. China’s copper exports surged 187% last month to a record high, official Chinese data showed. […]
Records for gold, coffee, copper, cocoa: What commodity prices say about inflation
A recent string of record-high prices in commodities as different as coffee and copper may be traced back to the same underlying cause: a U.S. economy that is running hot. The rising prices of commodities might even be a sign that the Federal Reserve is not succeeding in its efforts to drive down inflation, economists […]
Copper prices to quadruple on soaring demand, top commodity trader Andurand says – Seeking Alpha
SimoneN/iStock via Getty Images Pierre Andurand, a hedge fund manager and one of the world’s best-known commodity traders, said copper prices are still rising and are nearing their peak. Four times higher at $40,000/ton Supply will not be able to keep up over the next few years, Surging demand. The French fund manager Financial Times […]
Commodity prices could keep inflation high, World Bank warns
The days of energy and other commodities acting as deflationary forces may be coming to an end, the World Bank says, citing geopolitical tensions that are putting pressure on demand for oil, industrial metals and other supplies. he warned. Commodity prices have plateaued over the past 12 months, the World Bank said in a report […]
Bitcoin surpasses silver to become second largest ETF commodity in the US – The Block – Crypto News
After just one week of trading, Bitcoin ETFs have surpassed silver ETFs in terms of assets under management in the US. ”Bitcoin BTC +0.08% “In the US, ETFs have outperformed silver ETFs in terms of size due to the tremendous interest they have received from the market,” Jag Cooner, head of derivatives at Bitfinex, told […]