Resource nationalism is the inclination of governments to seek greater control or revenue from natural resources in their territory. This is on the rise due to economic, nationalistic, and strategic factors amplified … Read More
China policymakers have taken strong verbal action to tackle inflationary risks from surging commodity prices. This has moderated bullish speculative enthusiasm for metals, but could be short-lived; China lacks meaningful options to … Read More
The LME lead price rebounded strongly from March lows. Macro-led fund interest in commodities and lead’s relative cheapness underpinned gains. The rise is at odds with the metal’s weak fundamental narrative, which … Read More
The LME copper price has surpassed the all-time high of $10,190 from 2011. Reflation-led investor interest in commodities continues to drive the bull-market uptrend. This is in addition to copper-specific projections that … Read More
News of severe tin production disruption at Malaysia Smelting Corporation (MSC) that could last beyond the end of 2021 has helped reignite the tin price rally and tighten nearby LME spreads. While … Read More
Since the onset of the pandemic, an acute shortage of global container freight capacity has seen shipping costs and delays surge to unprecedented levels. Causing this was an unexpected surge in demand … Read More
The global reflation trade continues to buoy prices and physical demand for base metals, which have rallied strongly alongside other risk assets over the last year. As key economies continue their stimulus-led … Read More
Pressure from society, industrial consumers and governments to cut CO2 emissions from aluminium production is imposing costs on producers. Whether this cost is absorbed by governments or passed on to industrial consumers … Read More
In early March nickel prices retreated by ~20% from February highs. The sharp move came after China steel giant and top nickel producer Tsingshan announced plans to produce a precursor to battery-grade … Read More
Strong growth in China aluminium smelting capacity and primary output over the last year have weighed on aluminium market sentiment and kept the global market in surplus. However, fresh determination in China … Read More