Aluminum prices have risen to a new high and are now already at $3,732.30 per ton. Yesterday alone, the aluminum price had increased by almost 6% and could increase by a good 72% within a year. Supply on the aluminum market remains tight due to sanctions against Russia, the second-largest aluminum producer. With the invasion …
Tight Supply Pushes Aluminum Prices to New Highs Read More »
Production lines at Europe’s largest BMW plant in Dingolfingen, Germany, are already at a standstill on Monday. The reason for this is cable harnesses being delivered from Ukraine. The company has therefore applied for short-time working, as it is not yet clear to what extent the workforce can be employed elsewhere. Thousands of employees are …
Coal prices remain out of control. Since the Russian army invaded Ukraine, coal prices have skyrocketed. The benchmark Newcastle coal futures have risen 101% since the beginning of February and over 65% in the last 7 days. At the moment the price is at a new high of $435.00 per ton. Uncertainty in the global …
Thermal Coal Prices Jump by Over 100% Within One Month Read More »
Since Russia’s military invasion of Ukraine, global commodity prices have skyrocketed. Rice prices in particular have skyrocketed as investors believe that rice will become a popular alternative to wheat, which has become an expensive commodity as Russia is a major global wheat supplier. Bloomberg reported that wheat exports from Russia and Ukraine accounted for more …
The bitcoin price fell 3.79% to $42,700.27 in Asia tonight (GMT+7). Bitcoin’s negative price movement came after a strong rally the day before of over 10%. The Fed Chairman Jerome Powell has meanwhile indicated that the U.S. central bank will raise interest rates slightly in the March meeting. In Ukraine, crypto donations reached $35 million …
Bitcoin Fell Below $43,000, While Crypto Donations for Ukraine Reached $35 Million Read More »
Prices for thermal coal rose by over 30% yesterday after Western countries imposed sanctions on Russian banks. Thermal coal price rose 31.82% to $435 per ton yesterday. Newcastle coal futures rose 27.8% to $400 per ton yesterday. The sharp rise in coal prices will further exacerbate the global rise in energy prices, as many countries, …
Russia Sanctions Drive Thermal Coal Prices to Record High – Up 30% Read More »
The price of nickel, an essential element in the electronics industry and also in batteries for electric vehicles, continues to rise. Currently, at $25,574 per ton, the price of nickel is the highest it has been in 11 years. Nickel prices are already up more than 22% YTD, but this could be just the beginning …
The Moscow stock market has fallen sharply in this. Since Monday, the MOEX.ME has fallen by more than 25% and is staggering along at the moment. In addition, the Russian ruble sank to a new record low. The Russian Central Bank announced on Thursday after trading to intervene in the Forex market to get the …
Norilsk Nickel, Gazprom, and Polyus – Russian Natural Resource Companies Hit Hard Read More »
Ukraine is at the moment the scene for the next crisis with mainstream media focusing on current events leaving people paralyzed. Having said that, investors need to think especially in such times when global stock markets or crypto markets are heading for a correction since the beginning of the year. Since the crisis worsened with …
Energy Security is a “Critical Issue” in Europe, Goldman Sachs Warns Read More »
With the current invasion of Russia in Ukraine, the topic of energy security in highly dependent Europe is a major issue. Russia has already announced that it will not stop gas supplies, but the question remains whether European politicians can afford to buy Russian gas, also because of concerns about their popularity among the population. …
Russia’s Gas Sales Not Expected to Have Negative Long-Term Consequences Read More »