Cocoa Prices Drop as Global Supply Outlook Gets Better
Cocoa Prices Drop Amidst Mixed Market Factors On Friday, the ICE NY Cocoa (CCH26) concluded down by 123 points (-2.33%), while the December ICE London Cocoa #7 (CAZ25) fell by 97 points (-2.50%). Cocoa prices saw a notable decline on Friday, reaching a 1.75-year low in London. This downward trend can be attributed to pressures […]
Cocoa Prices Affected by a Better Supply Forecast
Cocoa Market Update On Tuesday, the December ICE NY Cocoa (CCZ25) ended down by 2 points (-0.04%), while the December ICE London Cocoa #7 (CAZ25) saw a rise of 40 points (+1.00%). Cocoa prices dipped to a 1.75-year low on Tuesday amidst expectations of a strong cocoa harvest in West Africa. Farmers in Ivory Coast […]
Iran plans to reduce water supply to Tehran and consider evacuations due to severe drought conditions.
Water supply will be halted in various regions, including Tehran, as Iran confronts its most severe drought in decades. On Saturday night, authorities in the Islamic Republic announced they would reduce water availability due to the escalating crisis that is impacting the capital severely. There are even discussions about potentially evacuating the city, according to […]
Long Island pizza maker reaches one million pizzas sold after 20 years and gifts a year’s supply to a fortunate customer
Long Island Pizza Maker Celebrates Selling 1 Million Pies A Long Island pizza shop is marking a significant milestone. The owner, Johnny Dawson, has been keeping track of every pizza sold since opening in early 2005. Recently, they celebrated the sale of one million pies by giving away a year’s supply of pizza to lucky […]
Canada is steadily creating a reliable supply of minerals essential for the Pentagon.
Focusing solely on Canada’s fighter jet situation means overlooking a significant issue that impacts U.S. power and production. There’s an interesting shift happening in Ottawa—albeit unevenly—that centers around establishing a reliable supply of critical minerals among allies. This transformation is poised to influence the future availability of key materials for magnets, batteries, and guidance systems, […]
Friedland’s prediction about a copper shortage comes to pass as a significant supply issue approaches.
Industry experts are warning that global copper demand is increasing rapidly, likely to surpass supply in the next two decades. Robert Friedland suggests we are facing an unprecedented challenge for the global economy. He cautions that to sustain even moderate economic growth, we’ll need to extract as much copper in the coming 18 years as […]
Is silver becoming the new gold? Prices rise as demand exceeds supply.
Insights on Silver’s Surge Veteran metals trader Robert Gottlieb discusses the recent surge in silver prices and what it means for investors. Silver has really outperformed other precious metals lately. The prices have hit record highs, which is great news for silver holders. However, it also means that things like silver jewelry and solar panels […]
U.S. Aluminum Prices Stay Elevated Following Novelis Fire Disruption in Supply Chain
Aluminum Prices and Supply Disruptions The Aluminum Monthly Metals Index (MMI) saw a slight increase of 0.5% from September to October, maintaining overall stability. Meanwhile, aluminum prices are on the rise, influenced by various factors. Novelis Oswego Fire Disrupts U.S. Supplies A significant fire at Novelis’ Oswego facility has drastically impacted U.S. aluminum production capacity. […]
Chinese battery stocks decline following new export restrictions on the supply chain
Chinese Battery Manufacturers’ Shares Plunge SHANGHAI, Oct. 10 – Shares in Chinese battery companies took a hit on Friday following China’s announcement of new restrictions on the export of lithium battery components. This decision is seen as a way to tighten control over technologies important for energy storage and electric vehicles. Previously, China had also […]
Aluminum Prices Reach 6-Month Peak Amid Rising Supply Worries
Aluminum Market Update The Aluminum Monthly Metal Index (MMI) saw a 0.56% increase from August to September, indicating a generally stable trend with a slight upward bias. Interestingly, global aluminum prices have hit remarkable highs since the start of the year. Keeping an eye on monthly indexes for other metals can provide further insight into […]