BHP’s economic and commodity outlook
Six months ago, at the time of our full year results for the 2020 financial year, we felt that the balance of probabilities indicated that the worst of the physical demand shock from COVID–19 was behind us. While some of our commodities have continued to face a challenging environment in absolute terms since that time, others have entered a clear recovery phase for both demand and price. 1
We expect the demand–supply balance to remain relatively tight in both iron ore and copper. The balance of risks for oil prices are tilted upwards, while metallurgical coal prices and differentials will be influenced as much by policy as by fundamentals. There is obviously still some residual uncertainty as to how vaccine deployment and the policy and behavioural response to the newer, more infectious strains of COVID–19 will interact over the coming quarters. It is also notable that the early trends in the regional distribution of vaccines in calendar
The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.
Read more about Israel Covid-19 update: Govt begins lifting curbs on 3rd national lockdown on Business Standard. Israel has started lifting Covid-19-related restrictions, almost six weeks after the country entered a third nationwide lockdown to curb the pandemic
The head of the IMF urged advanced economies to provide more resources to low-income countries, warning of an emerging “Great Divergence” in global growth that could risk stability and trigger social unrest for years to come.
The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging "Great Divergence" in global growth that could risk stability and trigger social unrest for years to come.