#commodity-markets — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #commodity-markets, aggregated by home.social.
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Rame contro alluminio: la guerra silenziosa della sostituzione
https://www.metallirari.com/rame-contro-alluminio-guerra-silenziosa-sostituzione/
Cresce la sostituzione del rame con l’alluminio in settori a basso valore tecnico. Mentre AI e motori EV restano fedeli al rame, il deficit strutturale previsto fino al 2040 suggerisce che la sostituzione è una valvola di sicurezza, non una minaccia esistenziale per il metallo rosso.
#Rame #Alluminio #CommodityMarkets #MetalliRari #Sostituzione #Elettrificazione #AI #EV #Geopolitica #Tariffe #SP Global #IEA -
Rame contro alluminio: la guerra silenziosa della sostituzione
https://www.metallirari.com/rame-contro-alluminio-guerra-silenziosa-sostituzione/
Cresce la sostituzione del rame con l’alluminio in settori a basso valore tecnico. Mentre AI e motori EV restano fedeli al rame, il deficit strutturale previsto fino al 2040 suggerisce che la sostituzione è una valvola di sicurezza, non una minaccia esistenziale per il metallo rosso.
#Rame #Alluminio #CommodityMarkets #MetalliRari #Sostituzione #Elettrificazione #AI #EV #Geopolitica #Tariffe #SP Global #IEA -
Rame contro alluminio: la guerra silenziosa della sostituzione
https://www.metallirari.com/rame-contro-alluminio-guerra-silenziosa-sostituzione/
Cresce la sostituzione del rame con l’alluminio in settori a basso valore tecnico. Mentre AI e motori EV restano fedeli al rame, il deficit strutturale previsto fino al 2040 suggerisce che la sostituzione è una valvola di sicurezza, non una minaccia esistenziale per il metallo rosso.
#Rame #Alluminio #CommodityMarkets #MetalliRari #Sostituzione #Elettrificazione #AI #EV #Geopolitica #Tariffe #SP Global #IEA -
https://www.europesays.com/iran/177959/ Oil falls amid resumption of strait shipments; vessel hit near Oman #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #energy #Hormuz #ICEBrentCrude(Oct'25) #Iran #Markets #NaturalDisasters #OilAndGas #StraitOfHormuz #strikes #Tehran #Venezuela #WTICrude(Sep'25)
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https://www.europesays.com/iran/176524/ US would reject Iran deal with shipping tolls on Hormuz: Trump warns Tehran | World News #CommodityMarkets #CrudeOilTransport #DonaldTrump #EnergyMarkets #GeopoliticalTensions #GlobalShipping #GulfWaterway #InternationalTrade #Iran #IranDeal #IranNegotiations #MaritimeFees #MaritimeSecurity #MiddleEast #NaturalGasTrade #OilExports #ShippingIndustry #ShippingTolls #StraitOfHormuz #Tehran #USIranRelations #WhiteHouse
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https://www.europesays.com/britain/64341/ BHP Group, Rio Tinto see India driving steel’s next wave of growth | Economy & Policy News #ASEAN #BHPGroup #ChinaSlowdown #CommodityMarkets #GlobalSouth #GlobalSteelIndustry #IndiaGrowthStory #IndiaSteelDemand #InfrastructureSpending #IronOreDemand #IronOreMarket #MetallurgicalCoal #MiningIndustry #RawSteelProduction #RioTinto #SteelCapacityExpansion #steelmaking #urbanisation
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Market Open: Flutter Exits London, Barclays Buys GoHenry
UK Market Open FLAT NEW SIZE Markets mixed as Flutter plans a London exit and Barclays acquires GoHenry.…
#EuropeSays #Britain #Europe #EU #Barclays #Brentcrude #Commoditymarkets #flutter #FlutterEntertainment #London #MarketOverview #riskappetite
https://www.europesays.com/britain/61448/ -
https://www.europesays.com/britain/61448/ Market Open: Flutter Exits London, Barclays Buys GoHenry #Barclays #BrentCrude #CommodityMarkets #flutter #FlutterEntertainment #London #MarketOverview #RiskAppetite
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Market Open: Bellway Demand Outlook, GSK Nuvalent Acquisition
UK Market Open DOWN NEW SIZE FTSE 100 slips as investors monitor easing Middle East tensions. Bellway maintains…
#EuropeSays #Britain #Europe #EU #GSK #bellway #Commoditymarkets #FTSE100 #investorsentiment #MarketOverview #MiddleEast
https://www.europesays.com/britain/59744/ -
https://www.europesays.com/britain/59744/ Market Open: Bellway Demand Outlook, GSK Nuvalent Acquisition #bellway #CommodityMarkets #FTSE100 #GSK #InvestorSentiment #MarketOverview #MiddleEast
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https://www.europesays.com/iran/151772/ Oil rises slightly as investors await clarity after Iran-Israel halt attacks #BenjaminNetanyahu #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #Hezbollah #ICEBrentCrude(Oct'25) #Iran #Israel #Lebanon #Markets #MiddleEast #OilAndGas #TrumpAdministration #WTICrude(Sep'25)
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https://www.europesays.com/iran/146303/ Iran Called for Lebanon Ceasefire and Got It: How Markets Have Moved #CommodityMarkets #Iran #IranDeal #Lebanon #LebanonChanges #SpotGold
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https://www.europesays.com/iran/146265/ Oil little changed on uncertainty over U.S.-Iran peace deal #BreakingNews:Markets #BusinessNews #China #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #Hezbollah #ICEBrentCrude(Oct'25) #Iran #Lebanon #Markets #OilAndGas #StraitOfHormuz #TrumpAdministration #WTICrude(Sep'25)
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https://www.europesays.com/iran/145036/ Oil falls as Lebanon and Israel agree to implement ceasefire #BreakingNews:Markets #BusinessNews #CommodityMarkets #Congress #CrudeOilMarkets #DonaldTrump #energy #ICEBrentCrude(Oct'25) #Iran #Israel #Lebanon #Markets #OilAndGas #TrumpAdministration #UnitedStatesHouseOfRepresentatives #WTICrude(Sep'25)
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TotalEnergies Remains Quiet After Russian Decree Clears Arctic LNG 2 Stake Sale
https://www.cashlesstime.com/2026/06/totalenergies-remains-quiet-after.html?m=1#TotalEnergies #ArcticLNG2 #LNGMarket #EnergyNews #OilAndGas #NaturalGas #RussiaEnergy #GlobalEnergy #EnergyMarkets #Novatek #LNGIndustry #CommodityMarkets #Geopolitics #EnergySector #MarketNews #BusinessNews #InvestingNews #EnergyInvestment #FinancialNews #GlobalMarkets
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TotalEnergies Remains Quiet After Russian Decree Clears Arctic LNG 2 Stake Sale
https://www.cashlesstime.com/2026/06/totalenergies-remains-quiet-after.html?m=1#TotalEnergies #ArcticLNG2 #LNGMarket #EnergyNews #OilAndGas #NaturalGas #RussiaEnergy #GlobalEnergy #EnergyMarkets #Novatek #LNGIndustry #CommodityMarkets #Geopolitics #EnergySector #MarketNews #BusinessNews #InvestingNews #EnergyInvestment #FinancialNews #GlobalMarkets
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TotalEnergies Remains Quiet After Russian Decree Clears Arctic LNG 2 Stake Sale
https://www.cashlesstime.com/2026/06/totalenergies-remains-quiet-after.html?m=1#TotalEnergies #ArcticLNG2 #LNGMarket #EnergyNews #OilAndGas #NaturalGas #RussiaEnergy #GlobalEnergy #EnergyMarkets #Novatek #LNGIndustry #CommodityMarkets #Geopolitics #EnergySector #MarketNews #BusinessNews #InvestingNews #EnergyInvestment #FinancialNews #GlobalMarkets
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TotalEnergies Remains Quiet After Russian Decree Clears Arctic LNG 2 Stake Sale
https://www.cashlesstime.com/2026/06/totalenergies-remains-quiet-after.html?m=1#TotalEnergies #ArcticLNG2 #LNGMarket #EnergyNews #OilAndGas #NaturalGas #RussiaEnergy #GlobalEnergy #EnergyMarkets #Novatek #LNGIndustry #CommodityMarkets #Geopolitics #EnergySector #MarketNews #BusinessNews #InvestingNews #EnergyInvestment #FinancialNews #GlobalMarkets
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TotalEnergies Remains Quiet After Russian Decree Clears Arctic LNG 2 Stake Sale
https://www.cashlesstime.com/2026/06/totalenergies-remains-quiet-after.html?m=1#TotalEnergies #ArcticLNG2 #LNGMarket #EnergyNews #OilAndGas #NaturalGas #RussiaEnergy #GlobalEnergy #EnergyMarkets #Novatek #LNGIndustry #CommodityMarkets #Geopolitics #EnergySector #MarketNews #BusinessNews #InvestingNews #EnergyInvestment #FinancialNews #GlobalMarkets
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HSBC Flags a Super-Squeeze In the Oil Market
The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets,…
#NewsBeep #News #Business #Brentcrude #CA #Canada #Commoditymarkets #energycrisis #HSBC #MiddleEastconflict #MorganStanley #oilinventory #oilprices #StraitofHormuz #supplydisruption
https://www.newsbeep.com/ca/710287/ -
HSBC Flags a Super-Squeeze In the Oil Market
The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets,…
#EuropeSays #Britain #Europe #EU #HSBC #Oilprices #Brentcrude #Commoditymarkets #Energycrisis #MiddleEastconflict #MorganStanley #oilinventory #StraitofHormuz #supplydisruption
https://www.europesays.com/britain/54517/ -
https://www.europesays.com/britain/54517/ HSBC Flags a Super-Squeeze In the Oil Market # OilPrices #BrentCrude #CommodityMarkets #EnergyCrisis #HSBC #MiddleEastConflict #MorganStanley #OilInventory #StraitOfHormuz #SupplyDisruption
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Market Open: BAT Forecast Upgrade, Chemring Profit Decline
UK Market Open UP NEW SIZE FTSE 100 rises as US-Iran talks support sentiment. BAT upgrades forecasts, Chemring…
#EuropeSays #Britain #Europe #EU #BritishAmericanTobacco #Chemring #Commoditymarkets #FTSE100 #investorsentiment #MarketOverview
https://www.europesays.com/britain/54391/ -
https://www.europesays.com/britain/54391/ Market Open: BAT Forecast Upgrade, Chemring Profit Decline #BritishAmericanTobacco #Chemring #CommodityMarkets #FTSE100 #InvestorSentiment #MarketOverview
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Guerra in Iran: le 5 commodity che non torneranno tanto presto ai prezzi di prima
https://www.metallirari.com/guerra-iran-5-commodity-non-torneranno-presto-prezzi-prima/
Il conflitto in Medio Oriente non sta solo agitando i mercati ma sta riscrivendo le catene globali di approvvigionamento di petrolio, LNG, fertilizzanti, petrolchimica e alluminio.
#MiddleEast #Iran #Hormuz #Oil #LNG #Fertilizers #Petrochemicals #Naphtha #Aluminum #CommodityMarkets #SupplyChain #EnergyCrisis #MetalliRari -
Guerra in Iran: le 5 commodity che non torneranno tanto presto ai prezzi di prima
https://www.metallirari.com/guerra-iran-5-commodity-non-torneranno-presto-prezzi-prima/
Il conflitto in Medio Oriente non sta solo agitando i mercati ma sta riscrivendo le catene globali di approvvigionamento di petrolio, LNG, fertilizzanti, petrolchimica e alluminio.
#MiddleEast #Iran #Hormuz #Oil #LNG #Fertilizers #Petrochemicals #Naphtha #Aluminum #CommodityMarkets #SupplyChain #EnergyCrisis #MetalliRari -
Willy Strothotte, Ex-Glencore CEO Who Ousted Marc Rich, Dies at 82
This content was published on May 28, 2026 – 19:01 (Bloomberg) — Willy Strothotte, who played a key…
#EuropeSays #Britain #Europe #EU #Glencore #business(general) #Commoditymarkets #energyresources #oilandgas-upstreamactivities #Ticker
https://www.europesays.com/britain/53334/ -
https://www.europesays.com/britain/53334/ Willy Strothotte, Ex-Glencore CEO Who Ousted Marc Rich, Dies at 82 #Business(general) #CommodityMarkets #EnergyResources #Glencore #OilAndGasUpstreamActivities #Ticker
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https://www.europesays.com/ch/75438/ Willy Strothotte, Ex-Glencore CEO Who Ousted Marc Rich, Dies at 82 #Business(general) #CommodityMarkets #EnergyResources #Glencore #OilAndGasUpstreamActivities #Ticker
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Oil falls over 1% on reports of potential U.S.-Iran ceasefire deal
Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since…
#Conflict #Conflicts #War #BreakingNews:Markets #businessnews #Commoditymarkets #Crudeoilmarkets #DonaldTrump #Energy #Iran #markets #middleeast #middleeastcrisis #oilandgas #StraitofHormuz #Tehran #TrumpAdministration #war #WTICrude(Sep'25)
https://www.europesays.com/3024659/ -
Oil falls over 1% on reports of potential U.S.-Iran ceasefire deal
Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since…
#NewsBeep #News #BreakingNews #breakingnews #BreakingNews:Markets #businessnews #commoditymarkets #Crudeoilmarkets #DonaldTrump #Energy #Iran #Markets #OilandGas #StraitofHormuz #Tehran #Trumpadministration #War #WTICrude(Sep'25)
https://www.newsbeep.com/563488/ -
https://www.europesays.com/iran/135827/ Oil falls over 1% on reports of potential U.S.-Iran ceasefire deal #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #Iran #Markets #OilAndGas #StraitOfHormuz #Tehran #TrumpAdministration #War #WTICrude(Sep'25)
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Oil falls over 1% on reports of potential U.S.-Iran ceasefire deal https://www.byteseu.com/2061535/ #BreakingNews:Markets #BusinessNews #CommodityMarkets #Conflicts #CrudeOilMarkets #DonaldTrump #Energy #Iran #Markets #OilAndGas #StraitOfHormuz #Tehran #TrumpAdministration #War #WTICrude(Sep'25)
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https://www.europesays.com/britain/44239/ Market Open: ITV Sky Talks, National Grid Investment #BrentCrude #CommodityMarkets #FTSE100 #ITV #MarketOverview #NationalGrid
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https://www.europesays.com/iran/115469/ RBC Capital Markets dismisses hopes for Strait of Hormuz reopening as ‘magical thinking’ #AngloAmerican #CommodityMarkets #Hormuz #Iran #IslamicRevolutionaryGuardCorps #PresidentTrump #RBCCapitalMarkets #StraitOfHormuz
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Energia, cibo e inflazione: il costo reale della guerra in Iran
https://www.metallirari.com/energia-cibo-inflazione-costo-reale-guerra-iran/
Secondo la World Bank, energia, fertilizzanti e sicurezza alimentare globale sono sotto pressione, con 45 milioni di persone a rischio insicurezza alimentare acuta se il petrolio supera i 100 dollari.
#MateriePrime #Guerra #Iran #Petrolio #Brent #WorldBank #Fertilizzanti #SicurezzaAlimentare #Energia #Geopolitica #CommodityMarkets #Hormuz #Inflazione #MetalliRari #Mercati2025 -
Energia, cibo e inflazione: il costo reale della guerra in Iran
https://www.metallirari.com/energia-cibo-inflazione-costo-reale-guerra-iran/
Secondo la World Bank, energia, fertilizzanti e sicurezza alimentare globale sono sotto pressione, con 45 milioni di persone a rischio insicurezza alimentare acuta se il petrolio supera i 100 dollari.
#MateriePrime #Guerra #Iran #Petrolio #Brent #WorldBank #Fertilizzanti #SicurezzaAlimentare #Energia #Geopolitica #CommodityMarkets #Hormuz #Inflazione #MetalliRari #Mercati2025 -
https://www.europesays.com/people/51185/ Is Wall Street Headed for a Bond Crisis? What Jamie Dimon, Intermarket Analysis, and ‘Murphy’s Law’ Are Saying Now. #AssetClasses #BondMarket #BondPrices #commodities #CommodityMarkets #FinancialMarkets #InterestRates #IntermarketAnalysis #JamieDimon #JohnMurphy #MacroeconomicAnalysis #MarketParticipants
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https://www.europesays.com/afrika/10746/ Kakao in Ghana: das Rätsel um den Zuchterfolg #Article #BeatHistory #CommodityMarkets #Ghana #ProductionTypeExternal #SpecialityStore
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https://www.europesays.com/iran/79627/ Oil prices edge lower with no progress on U.S.-Iran talks, Hormuz shipping still disrupted #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #ICEBrentCrude(Oct'25) #Iran #Markets #MiddleEast #OilAndGas #Pakistan #StraitOfHormuz #Tehran #TrumpAdministration #War #WTICrude(Sep'25)
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https://www.europesays.com/iran/75693/ Oil falls on expectations U.S.-Iran talks likely to proceed, opening supply #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #ICEBrentCrude(Oct'25) #Iran #Islamabad #Markets #MiddleEast #OilAndGas #Pakistan #StraitOfHormuz #Tehran #TrumpAdministration #War #WTICrude(Sep'25)
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https://www.europesays.com/iran/73767/ Oil claws back losses as Strait of Hormuz is closed again #BreakingNews:Markets #BusinessNews #CommodityMarkets #CrudeOilMarkets #DonaldTrump #energy #Hormuz #ICEBrentCrude(Oct'25) #Iran #Markets #MiddleEast #OilAndGas #StraitOfHormuz #Tehran #TrumpAdministration #UnitedStates #UnitedStatesMilitary #War #WTICrude(Sep'25)
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Oil prices fall as U.S.-Iran dialogue hopes ease supply concerns
Oil prices fell in early Asian trade on Tuesday amid signs of potential …
#NewsBeep #News #BreakingNews #breakingnews #BreakingNews:Markets #businessnews #commoditymarkets #Crudeoilmarkets #DonaldTrump #Energy #ICEBrentCrude(Oct'25) #Iran #Markets #NorthAtlanticTreatyOrganization #OilandGas #Pakistan #StraitofHormuz #Tehran #Trumpadministration #UnitedStatesMilitary #War #WTICrude(Sep'25)
https://www.newsbeep.com/482934/ -
Markets Shift as Ceasefire Announcement Ripples Through Commodities
A two-week ceasefire between the US and Iran in September 2026 caused oil prices to fall and gold prices to rise. See how it affects you.
#Ceasefire, #OilPrices, #GoldPrices, #MiddleEast, #CommodityMarkets
https://newsletter.tf/ceasefire-lowers-oil-raises-gold-september-2026/
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Oil prices dropped significantly after the ceasefire announcement, while gold prices increased. This is a big change from the previous weeks.
#Ceasefire, #OilPrices, #GoldPrices, #MiddleEast, #CommodityMarkets
https://newsletter.tf/ceasefire-lowers-oil-raises-gold-september-2026/ -
WTI, Brent after Iran rejects direct U.S. talks
A pump jack is…
#NewsBeep #News #BreakingNews #@LCO26K #BPPLC #breakingnews #BreakingNews:Markets #businessnews #ChevronCorp #commoditymarkets #ConocoPhillips #Energy #ExxonMobilCorp #Foreignpolicy #Iran #LP #MarathonPetroleumCorp #Markets #OccidentalPetroleumEquityWarrantsExp3rdAugust2027 #OilandGas #Phillips66 #prices #SHELLPLC #Tehran #UnitedStates #UnitedStatesBrentOilFund #UnitedStatesOilFund #ValeroEnergyCorp
https://www.newsbeep.com/452587/ -
https://www.gulfchannels.com/444519/ تداعيات حرب الشرق الأوسط على الاقتصاد العالمي #ArmedConflict #Business #CommodityMarkets #Conflict #Economy(general) #energy #EnergyAndResource #InflationAndDeflation #InternationalNews #MacroEconomics #MarketAndExchange #NaturalGas #news #OilAndGasDownstreamActivities #OilAndGasUpstreamActivities #securities #Ticker #transport #war #WaterwayAndMaritimeTransport #أخباردوليّة
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$10,000 expectations in spite of bear market
Pakin Songmor | Moment | Getty Images Gold’s sharp selloff may have pushed the metal firmly into bear…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Business #@GC26J #@SI26K #AgnicoEagleMinesLtd #businessnews #Commoditymarkets #donaldtrump #Franco-NevadaCorp #iran #iSharesGoldTrust #JustinLin #NewmontCorporation #SPDRGoldShares #StandardCharteredPLC #WheatonPreciousMetalsCorp #WorldMarkets
https://www.newsbeep.com/us/542142/ -
$10,000 expectations in spite of bear market
Pakin Songmor | Moment | Getty Images Gold’s sharp selloff may have pushed the metal firmly into bear…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Business #@GC26J #@SI26K #AgnicoEagleMinesLtd #businessnews #Commoditymarkets #donaldtrump #Franco-NevadaCorp #iran #iSharesGoldTrust #JustinLin #NewmontCorporation #SPDRGoldShares #StandardCharteredPLC #WheatonPreciousMetalsCorp #WorldMarkets
https://www.newsbeep.com/us/542142/ -
$10,000 expectations in spite of bear market
Pakin Songmor | Moment | Getty Images Gold’s sharp selloff may have pushed the metal firmly into bear…
#NewsBeep #News #Topstories #@GC26J #@SI26K #AgnicoEagleMinesLtd #businessnews #commoditymarkets #DonaldTrump #Franco-NevadaCorp #Headlines #Iran #iSharesGoldTrust #JustinLin #NewmontCorporation #SPDRGoldShares #STANDARDCHARTEREDPLC #TopStories #UnitedStates #WheatonPreciousMetalsCorp #WorldMarkets
https://www.newsbeep.com/449546/ -
About 25% of the global nitrogen fertilizer trade moves through that bottleneck. And unlike oil, fertilizer markets lack meaningful strategic reserves—making them particularly vulnerable to disruption. #War #Iran #Trade #CommodityMarkets #Fertilizer #Nitrogen #FoodSecurity
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About 25% of the global nitrogen fertilizer trade moves through that bottleneck. And unlike oil, fertilizer markets lack meaningful strategic reserves—making them particularly vulnerable to disruption. #War #Iran #Trade #CommodityMarkets #Fertilizer #Nitrogen #FoodSecurity
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About 25% of the global nitrogen fertilizer trade moves through that bottleneck. And unlike oil, fertilizer markets lack meaningful strategic reserves—making them particularly vulnerable to disruption. #War #Iran #Trade #CommodityMarkets #Fertilizer #Nitrogen #FoodSecurity
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Saudi Aramco posts higher quarterly net profit on production boost
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi Aramco on Tuesday posted…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Business #BreakingNews:Markets #businessnews #Commoditymarkets #Dividends #earnings #Markets #OilandGas #SaudiArabia
https://www.newsbeep.com/us/270448/ -
Switzerland’s president rushes to Washington to tackle US tariffs
GENEVA (AP) — After weeks of working with U.S. officials to try to avoid …
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Business #Commoditymarkets #DistrictofColumbia #donaldtrump #Generalnews #Governmentpolicy #InternationalTrade #IvanSlatkine #KarinKeller-Sutter #NovartisAG #politics #Switzerland #Switzerlandgovernment #Tariffsandglobaltrade #UnitedStatesgovernment #Worldnews
https://www.newsbeep.com/us/61690/ -
I am coming around to Brad DeLong’s view that Chaos Monkey is in charge.
I was going to write about the specious reasoning behind the copper tariffs announced earlier this week, but now, having read a little more about it, I hesitate even to call it reasoning. I am tempted to say that the story Howard Lutnick is telling about “the idea” of “[bringing] copper production home” by imposing tariffs on imports is an example of magical thinking, but that would imply that the idea is a serious idea, that it involved actual planning or something that can actually be called thinking, and also that that thinking carries some charm. It shows none, except perhaps as an arbitrage opportunity.
For similar reasons I resist even the Globe and Mail’s characterization of this idea of a concept of a plan as a “pipedream.” Dreams, including those from the pipe, can be illuminating; this is smoke and mirrors. What we’ve got here is at best a travesty of industrial policy, a tout, a vulgar ruse, flattery, hype, and bluster instead of responsible government.
The idea of a concept of a plan is unworkable in the short term for everyone but the commodity traders, confusing and offensive to trading partners like Chile (the source of around 65 percent of US copper), and (I’ll wager) the smart people are just politely hedging — and trying to cover their bets and not draw ire — when they say they are cautiously optimistic or taking a wait-and-see attitude.
I am more and more inclined lately toward the view of Brad DeLong, who, writing about a different subject (armaments to Ukraine), says that what we are seeing on nearly every front is not policy or ideas; it’s chaos monkey:
The absence of even a pale shadow or a bad approximation to a coherent policy process under Trump’s administration renders both allies and adversaries unable to predict American actions. That undermines global stability. In the world of international relations, predictability is not a luxury but a necessity. Nations calibrate their own policies, investments, and security arrangements based on expectations about the behavior of others—particularly when it comes to a superpower like the United States.
…when American foreign policy becomes a function of—I was going to say “presidential whim, as it has under Trump”, but that is wrong, isn’t it? That imposes more structure on the process than it in fact has. Chaos monkey is the only term even half-adequate. And so the result is a kind of international vertigo….
The net effect is a world system where trust erodes and the risk of miscalculation—and thus catastrophe—increases.
Postscript, 13 July 25: Krugman makes a similar point in this post: “I Don’t Disapprove of Trump’s Strategy, Because He Doesn’t Have One.” Correct. I balk a little at the final clauses of his final sentence: “there clearly isn’t a strategy, just the prejudices of an ignorant man and his enablers.” Sure, Trump demonstrates prejudice and ignorance in nearly all that he does, and having grown up in the New York area, I recognize his flavor of prejudice and ignorance; but prejudice alone doesn’t account for the trouble he’s making. After all, Prejudiced Ignoramus would offer a little more predictability and consistency — a little more structure, to use DeLong’s word — than Chaos Monkey.
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#arbitrage #catastrophe #chaosMonkey #commodityMarkets #impracticality #industrialPolicy #kakistocracy #resourceHoarding #risk
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OPEC+ Keeps Oil Curbs Despite Russia Price Cap https://www.wsj.com/articles/opec-gathers-to-decide-output-with-russian-oil-price-cap-looming-11670116254 #CrudeOil/NaturalGasUpstreamOperations #Commodity/FinancialMarketNews #naturalgasupstreamoperations #CrudePetroleumExtraction #NaturalGas/OilExtraction #Corporate/IndustrialNews #crudepetroleumextraction #C&EIndustryNewsFilter #c&eindustrynewsfilter #financialmarketnews #C&EExclusionFilter #c&eexclusionfilter #Markets/Marketing #CommodityMarkets
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OPEC+ Keeps Oil Curbs Despite Russia Price Cap https://www.wsj.com/articles/opec-gathers-to-decide-output-with-russian-oil-price-cap-looming-11670116254 #CrudeOil/NaturalGasUpstreamOperations #Commodity/FinancialMarketNews #naturalgasupstreamoperations #CrudePetroleumExtraction #NaturalGas/OilExtraction #Corporate/IndustrialNews #crudepetroleumextraction #C&EIndustryNewsFilter #c&eindustrynewsfilter #financialmarketnews #C&EExclusionFilter #c&eexclusionfilter #Markets/Marketing #CommodityMarkets
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OPEC+ Keeps Oil Curbs Despite Russia Price Cap https://www.wsj.com/articles/opec-gathers-to-decide-output-with-russian-oil-price-cap-looming-11670116254 #CrudeOil/NaturalGasUpstreamOperations #Commodity/FinancialMarketNews #naturalgasupstreamoperations #CrudePetroleumExtraction #NaturalGas/OilExtraction #Corporate/IndustrialNews #crudepetroleumextraction #C&EIndustryNewsFilter #c&eindustrynewsfilter #financialmarketnews #C&EExclusionFilter #c&eexclusionfilter #Markets/Marketing #CommodityMarkets
