The Trump administration announced this week it was considering the imposition of tariffs on $11 billion worth of European Union imports, said by the Financial Times to include such diverse products as passenger helicopters, Roquefort cheese, olive oil and wines. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The move […]
Stuart Burns
Loophole in E.U.’s Auto Emissions Law Lets Automakers Drive Away from Fines
History abounds with examples of the E.U.’s incompetence, particularly around its lawmaking. But an absolute corker is going on this year over automotive emission targets. From 2021, the E.U.’s target for average carbon dioxide emissions from cars is 95 grams per kilometer, in an effort to force innovation in more efficient power units and to […]
China’s Renminbi is Unlikely to Threaten the Dollar — For Now
A few years ago it was not uncommon to hear pundits calling the end of the dollar’s supremacy, the decline of the greenback’s position as the world’s reserve currency. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Those pundits predicted the dollar would eventually be overtaken by a rising China — […]
Automakers Face Headwinds in Rapidly Changing Automotive Marketplace
We are used to dire stories emanating from the automotive industry in Europe of late. The swing from diesel engines has hit European producers hard, as the region had been heavily biased toward the economical but historically carbon particulate polluting oil burners. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Global Trade May Be Slowing, but Costs Continue to Rise
Sea freight has to be one of the most cost-effective means of transporting goods over long distances ever invented. Even with increasing ocean freight rates, it is often the case it costs as much to ship from Calcutta to London as it does to then clear and haul the container from London to the industrial […]
One Time-Tested Economic Indicator Points to Possibility of Recession
Readers of The Telegraph are somewhat inured to dire warnings from the paper’s International Business Editor Ambrose Evans-Pritchard. However, his articles are well-researched and in the case of a piece this week, well balanced with arguments for and against his central theme that the bond market, supported by wider data, is showing sufficient warning signs […]
Despite Poor Forward Indicators, Copper is on a Roll
There seems to be no holding copper. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The metal’s price hit an eight-month high this month, helped over the line by the Federal Reserve dropping plans for further interest rate hikes this year. But much of the rise seems to be on […]
E.U., U.K. are Facing the Prospect of a No-Deal Brexit
Observers outside the U.K. have probably viewed the Brexit process with a generally sanguine approach, assuming that the mother of all parliaments would come — in that most British of traditions — to some kind of pragmatic solution to the wide disparity of views and positions following the 2016 referendum in which the country voted […]
Oil Price Sits in a Precarious Temporary State of Balance After Strong Rises
Oil prices have rallied this quarter, with Brent crude hitting a peak of U.S. $67.50/barrel, according to oil-price.com. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Goldman Sachs is quoted in a note to investors as saying the resilient demand growth and supply outages could push prices up to U.S. […]
Markets Look to China for Some Good News
Stock and currency markets have been a little perkier the last week or so as expectations rise of some form of Chinese stimulus to boost demand — and, hence, global growth. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook That optimism, though, may be somewhat misplaced. China has limited scope […]
