Blog posts tagged by tag: Base Metals Commodities
Guest Post from Biz Latin Hub
Global demand for copper is increasing, with a predicted annual growth rate of about 2.6% until 2027. The versatile metal is used in a wide range of consumer goods. Consequently, copper firms are searching for new projects amid a worldwide deficit. As demand quickly grows due to copper’s extensive use in renewable energies, it is an industry full of business opportunities.
Copper will diversify the Panamanian economy and increase its annual GDP growth. Significant investments have already been undertaken by the Canadian firm, First Quantum Minerals, since 2013, in the development of the $6 billion Cobre de Panama mine. Currently, the mining sector only contributes 2.5% to GDP. As the first Panamanian vessel with 31,200 tons of copper was exported this month, the industry has a chance to develop and growth, estimating this figure to reach the 9.5%.
Steel is the fourth-most commonly used metal in the world. It is highly important to the global economy and trends in production can even be thought of as an indicator of the health of a country's economy. Although many do not realize it, the metal is therefore extremely important to our everyday lives. Recently, however, it seems like the entire world has started to pay attention to the metal due to U.S. President Donald Trump's recent decision to impose high tariffs on China, sparking fears of a trade war on the horizon. In this post we go through the situation between the U.S. and China in more detail before discussing the history of the steel industry and how steel enhances our daily lives.
Last year we began a series of posts in which we answer typical questions about the various commodities we cover with our Consensus Forecast commodities report. Our first posts were on Brent and WTI crude oil as well as gold. Last month we covered iron ore, one of the most important yet underappreciated commodities. This time we've gone with copper, man's first metal. Keep checking back with us for more in our commodities explainer series.
Last year we began a series of posts in which we answer typical questions about the various commodities we cover with our Consensus Forecast commodities report. Last year we wrote posts on Brent and WTI crude oil as well as gold. This time out we will be covering iron ore, one of the most important yet underappreciated commodities. Keep checking back with us for more in our commodities explainer series.
On 4 July 1837, Ralph Waldo Emerson’s poem Concord Hymn was read at the unveiling of the Concord Monument in Massachusetts to commemorate the Battle of Concord of the American Revolutionary War. The name of the poem may not ring any bells to you, but one phrase in particular from the poem probably will, the shot heard ‘round the world.
The phrase has been used to describe many a historical event. It was famously used to describe the assassination of Archduke Franz Ferdinand of Austria, which kicked off the First World War. For any baseball fans out there, Bobby Thomson’s walk-off home run to win the 1951 National League pennant tie-breaker was also famously referred to as the shot heard ‘round the world.
The largely unexpected event that took place on 8 November in the United States of America is also probably worthy of the phrase.
The names Pannawonica, Paraburdoo, Koolanooka and Koolyanobbing, may sound unfamiliar, and indeed these small communities are isolated geographically from the rest of the world in the remote hinterlands of the Western Australian outback. However, these communities are some of the first to be impacted by forces stemming from well outside of Australia’s borders. These communities, as well as many others across Australia, are major iron ore mining areas, and are first in line to feel the effects of the collapse of the decade-long commodities super cycle. Some analysts expect that the rest of the Australian economy will follow suit.
We are pleased to announce the publication of the new Commodities Consensus Forecast report. The report includes the latest price forecasts for 30 commodities in the energy, metals and agricultural sectors from leading local and global economic institutions, such as BMI Research, Goldman Sachs, Oxford Economics, Deutsche Bank and HSBC, to name just a few.
Click the infographic to open a full-sized version
We invite you to watch our latest on-demand webinar, in which we examine the global economic outlook for 2023!… https://t.co/IUmG0H3YzF
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