Commodity News

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

21 Nov- 26 Nov

President Joe Biden has nominated Jerome Powell for a second term as chairman of the US Federal Reserve. Since the outbreak of the Covid-19 epidemic, Powell has received accolades from investors..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

8 Nov- 12 Nov

China's power-use restrictions have reduced domestic aluminium yearly capacity by roughly 7% so far this year, according to consultant Wood Mackenzie. Power cuts at copper smelters and refineries..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

25 Oct- 29 Oct

On Thursday, European Central Bank President Christine Lagarde admitted that inflation will remain high for some time, but she rejected market expectations that pricing pressures could prompt an interest ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

18 Oct- 22 Oct

According to the World Bank's newest Commodity Markets Outlook, energy prices are likely to rise gradually in 2022 after jumping by more than 80% in 2021, posing considerable ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

4 Oct- 8 Oct

Winter hasn't even arrived yet, and Europe is already witnessing a gas market crisis due to high demand and insufficient supply, putting downward pressure on prices. When Russian President Vladimir ..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

27 Sept - 01 Oct

According to reports, Evergrande, the heavily indebted Chinese property giant, has missed interest payments to overseas investors for the second time in a week. Evergrande was supposed to pay..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

30 Aug- 3 Sept

OPEC and its allies agreed to stick to their existing policy of gradual oil output increases, despite revising its 2022 demand outlook upwards and ongoing U.S. pressure to raise production more quickly..

2-Sep-20-Daily-Report-Big

Abans Group Commodity World Round-Up

16 Aug- 20 Aug

According to Goldman Sachs, the United States' gross domestic product will grow by 6% this year, up from a previous full-year forecast of 6.4 percent. That's less than the median forecast of 6.2 percent..