Commodities - General News 04 (May 18 - Dec 25)

[behappyalways]

Humanely raised happy chickens, American industry operators recommend an egg for NT$27

人道牧養快樂雞 美國業者推一顆台幣27元雞蛋｜FOCUS午間新聞 20231027 @tvbsfocus

https://m.youtube.com/watch?v=09Yi1sXWcAM

[behappyalways]

2023 may be known as the year of orange juice, sugar, and chocolate

Because all three are absolutely crushing the equity indices
https://twitter.com/Mayhem4Markets/stat ... 1803710573

[behappyalways]

The strategic value of phosphate rock is not inferior to that of rare earths. Morocco has become a key battlefield for global resources.
磷礦戰略價值不輸稀土 摩洛哥成全球資源關鍵戰場｜FOCUS午間新聞 20231107@tvbsfocus
https://m.youtube.com/watch?v=DK_JSUdBVYM

[behappyalways]

Olive trees in Greece were cut down by poachers! They are targeting the high price of "liquid gold" for profit

希臘橄欖樹遭盜砍! 看準「液體黃金」價高圖利｜方念華｜FOCUS全球新聞 20231108@tvbsfocus

https://m.youtube.com/watch?v=FSFEaZs2wkQ

[behappyalways]

All The Metals We Mined In One Visualization
https://www.zerohedge.com/commodities/a ... ualization

[behappyalways]

These Are The Critical Minerals To China, EU, & US National Security
https://www.zerohedge.com/commodities/t ... l-security

[behappyalways]

Orange Juice, Cocoa, Coffee Are The Hottest Commodities
https://www.zerohedge.com/commodities/o ... ommodities

[winston]

El Niño’s ‘sweet tooth’

Even though inflation’s subsiding in many advanced economies, soft commodities — such as orange juice, cocoa, coffee and sugar — are posting record rallies in 2023.

That’s because they’re affected by extreme weather and supply concerns related to El Niño, a climate pattern that causes sea temperatures to rise, paving the way for storms and droughts that disrupt crops.

Source: Bloomberg

[winston]

Metals pinned between old and new cycles

By ANDY HOME

Early optimism around China’s return from lockdown dissipated over the first half of the year, leaving most metals chopping around in difficult range-trading conditions over the second half.

The LME Index, which tracks the performance of the six major base metals traded on the London Metal Exchange (LME), is currently down by 7% on the start of January.

Only copper is on track to end the year in price-positive territory thanks to a late rally which is still building momentum.

China’s aluminium, copper and zinc smelters have been churning out record volumes this year thanks to new capacity and easier raw material markets. At the same time imports have been booming.

China's new energy car sales grew 39.8% in November from a year earlier, surpassing a 37.5% rise in October and accounting for 40% of the country’s total car sales.

China is rapidly building out solar and wind power generation capacity as it races to meet climate targets.

This year’s pullback from the 2022 price highs has been remarkably shallow given the accumulation of macro headwinds.

The new green cycle hasn’t been enough to offset the downturn in the old industrial cycle but it has certainly limited the price impact.

Source: Reuters

https://www.thestar.com.my/business/ins ... new-cycles

[behappyalways]

Iron Ore Futs Hit Ten-Month High On Chinese Stimulus Efforts
https://www.zerohedge.com/commodities/i ... us-efforts