Tag Commodities

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China Cuts Coal Import Tariffs to 0%

The Chinese Ministry of Finance has announced that China will temporarily reduce import tariffs on all types of coal to 0%. The measure will be in effect from May 1, 2022, to March 31, 2023, and is intended to increase…

What’s Going On in the Zinc Market?

Zinc prices have already risen 20% year-over-year to $4,451.00 per ton, the highest level since 2006. Since the start of the pandemic, zinc prices have risen a whopping 115%. But now, the price of zinc could skyrocket. Zinc Price Chart…

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Palladium Prices Set for a Major Breakout

Few people are familiar with the element palladium, but it is firmly anchored in our everyday lives, namely in catalytic converters of cars, which convert the pollutants in the exhaust gases into harmless substances. It is also one of the…

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LME Continues to Trade Metals from Russian Producers

The London Metal Exchange (LME) will continue to trade metals from Russian producers in its system, Reuters reports. This is to prevent the already tight supply market from coming under further pressure, as Russia is a major producer of many…

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The Top 5 Countries with the Largest Amount of Commodities

Commodities are of strategic importance to every country in the world, as the global economy would not function without them. Wars have been fought over commodities, and even today commodities are used as leverage for international business. This means that…

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Oil Prices Heading for $200?

Oil prices have risen back above $100 a barrel on speculation that oil supplies will tighten after Russia struggles with Western sanctions. Commodities trader Pierre Andurand expects oil prices to rise as high as $200 per barrel this year, he…

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