1 day ago
Weather in cotton producing states like Texas has been tough both with a lack of water in some parts and a over abundance of it near the Hurricane Hanna. A weakened dollar has reduced the price of US bales for foreign cotton buyers. source: WSJ
1 day ago
Germany is the number one in the list, with the most expensive electricity in the world. One kilowatt-hour now costs 0.34 euros, which is twice as much as in Sweden and three times the price in the US. This difference is explained through energy transition and high subsidies for electricity, according to Reuters.
1 day ago
Lithium is needed for electric cars and the move towards a battery-stored clean energy future. As highlighted in this chart by Blackstone Resources, the problem is that demand vastly outstrips supply.
2 days ago
China almost single-handedly saved commodity demand in 2020, importing record level of crude oil this year following the collapse of oil prices amid the coronavirus pandemic. Oil was not the only commodity massively bought by China, this high demand was also there for copper, iron ore and coal. However, it would be rather risky to assume that 2021 will be a repeat strong performance, as data shows that China's massive buying spree appears to be ending.
2 days ago
JP Morgan ups oil price forecasts. Despite the COVID situation the team sees that investors continue to “look through” the current situation to a time when mobility is normalized. They see OECD inventory normalizing by August 2021 vs. December in their previous forecast. WTI is forecasted to average $58/bbl in 2021 and $62 in 2022. Will energy stocks continue their catch-up with the rest of the market?
