Iron Ore Drops as China Flags More Curbs Amid Broader Sell-Off
May 20 2021, 11:17 AM
May 20 2021, 6:44 AM
May 20 2021, 11:17 AM
(Bloomberg) Iron ore fell back below $200 a ton as China intensified efforts to rein in surging raw material prices, while growing concerns about inflation sparked a broad retreat across energy and commodity markets.
(Bloomberg) Iron ore fell back below $200 a ton as China intensified efforts to rein in surging raw material prices, while growing concerns about inflation sparked a broad retreat across energy and commodity markets.
Traders were spooked after Chinaâs cabinet Wednesday called for tougher oversight of commodity markets and protection for consumers from soaring prices. Markets fell under the weight of inflation fears and concerns about the global economic recovery, threatening a rally that drove raw materials to a nine-year high last week.
(Bloomberg) Peruvian presidential candidate Keiko Fujimori would support energy and mining projects if elected, a campaign adviser said, drawing a stark contrast with her left-wing rival.
Chileâs Recovery Slowed Before Virus Surge and Vote Surprise
May 19 2021, 3:41 AM
May 18 2021, 7:41 PM
May 19 2021, 3:41 AM
(Bloomberg) Chileâs economy grew slower than expected at the start of the year before the brunt of the second coronavirus wave slammed activity and political uncertainty soared.
(Bloomberg) Chileâs economy grew slower than expected at the start of the year before the brunt of the second coronavirus wave slammed activity and political uncertainty soared.
Gross domestic product grew 3.2% in the first quarter from the previous three-month period, less than the 3.8% median estimate from analysts surveyed by Bloomberg. The economy expanded 0.3% from a year prior, the central bank reported on Tuesday.
Copperâs Record-Breaking Rally May Be About to Take a Pause
May 19 2021, 11:06 AM
May 19 2021, 4:00 AM
May 19 2021, 11:06 AM
(Bloomberg Opinion) Is copperâs record-breaking rally nearing its end? There are more and more reasons to think so.
(Bloomberg Opinion) Is copperâs record-breaking rally nearing its end? There are more and more reasons to think so.
Three-month forwards on the London Metal Exchange hit an unprecedented $10,440 a metric ton last week, after nearly doubling in price in the space of a year. Since then, theyâve bounced around the same level, unsure whether to rise further or pause for breath.