Stay updated with breaking news from John mothersole. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Record metals prices catapult mining profits beyond big oil Bundles of copper cathode. Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest sign of a boom in iron ore, copper and other metals that’s sending an inflationary wave through the global economy, increasing the cost of everything from electrical wires to construction beams. Sign Up for the Copper Digest Sign Up In the corporate world, the top five iron ore mining companies are on track to deliver bottom-line profits of $65 billion combined this year, according to estimates compiled by Bloomberg. That’s about 13% more than the five biggest international oil producers, flipping a decades-old hierarchy. ....
Record Metals Prices Catapult Mining Profits Beyond Big Oil leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
Surging Commodity Prices Over The Past Year Will Help Drive US Consumer Price Inflation To Highest Rate In Nearly A Decade, John Mothersole, Pricing And Purchasing Research Director, IHS Markit Date 29/04/2021 After a year of strong commodity price increases, inflation pressures are now building downstream in supply chains. The IHS Markit Materials Price Index (MPI) has more than doubled since March of 2020, with commodity prices collectively now at their highest level since early 2014. We can point to several factors to explain the rise: strong mainland Chinese demand, a shift in consumer consumption toward goods, a weaker US dollar, generous government stimulus, vaccine optimism and pandemic caused disruptions in supply chains. ....
Surging Commodity Prices And Crisis In Supply Chains To Lead To Burst In Goods Prices This Summer - John Mothersole, Pricing And Purchasing Research Director, IHS Markit Date 15/03/2021 Commodity prices continue to move higher, although late February and early March have seen periods of volatility with prices pulling back in some markets. This recent choppiness cannot be described as a correction and, indeed, our IHS Markit Materials Price Index (MPI) has continued to record a collective price increase in the commodity complex across the four weeks to March 5. As marked by the MPI, (which does include measures of ocean-going shipping rates and DRAM prices), commodity prices are now up 68% from a year ago. ....
Recent Optimism Surrounding the COVID-19 Vaccine Drives Engineering and Construction Costs Up forconstructionpros.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forconstructionpros.com Daily Mail and Mail on Sunday newspapers.