Prices of copper, an indicator of the global economy’s health, have plunged more than 12% this year, as a deadly coronavirus outbreak in China has led to a shutdown in the country's key manufacturing regions.
Demand for gold declined by 1% in 2019, with China and India contributing most to the decline in demand, the World Gold Council (WGC) announced on Thursday (Jan.30), saying global demand stood at 4.4 trillion tonnes.
The United Nations food agency (FAO) has reported that world food prices rose in December to their highest since 2014, lifted by strong rallies in vegetable oils, sugar and dairy markets.
The biggest change in the oil and shipping industry in decades is set to come into force in less than a month.
Energy and metal commodity prices are expected to continue to fall in 2020 following sharp declines in 2019 on a weaker outlook for global growth and consequent softer demand, the World Bank said in its October Commodity Markets Outlook.
Oil prices fell on Monday (Nov. 11) as investors feared the United States and China are not that close to resolving their ongoing trade dispute. Brent crude was down 69 cents, or 1.1%, at $61.82 by 0730 GMT while U.S.
Gold inched up on Monday (Oct. 28), after a near 1% jump in the previous session, ahead of the US Federal Reserve's rate decision on Wednesday amid ongoing developments in the China-US trade negotiations.
A vote on whether the European Investment Bank (EIB) should stop fossil fuel financing is further postponed to the next EIB Board of Directors meeting on 14 November 2019, after member states reportedly pushed for a delay in a bid to relax the timeline on new gas projects
The Polish clearing house IRGiT, a member of the Warsaw Stock Exchange Group (GPW Group) and the Baltic-Finnish Gas Exchange GET Baltic signed an advisory services agreement on Monday (Sept. 16) in Vilnius.
The London Metal Exchange (LME) will extend afternoon ring trading times for all base metals starting Sept. 23, the 142-year-old exchange said on Monday (Aug.12).