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Oil trading giant Trafigura has agreed to debt repayment plans with its oil products customers in Mongolia, which will lead to significant losses for the trader in Mongolia
Weak economic indicators from China and concerns over global growth are hampering demand for industrial metals, with most trading at lower levels than in April. Copper and lead prices declined due to demand concerns, as did aluminium and zinc, which shed more than 50% so far. The property sector in China is beginning to stabilise, but recovery remains subdued due to high debt levels and inflation, while retail sales numbers have posted a contraction. Supply outlook for 2023 is encouraging and a deceleration of global growth and muted demand from China will continue to dominate the metals marke...
Trafigura sees increased business opportunities in base metals in China, as the country is ramping up production of clean energy related infrastructure and products
Technology and techniques have evolved long past the point of mere “guesswork.”, and many organizations are now benefiting from better informed buying decisions
Credit Suisse has downgraded the sector as various risks emerge on the prices ahead.