September 13, 2024
Chicago 12, Melborne City, USA
Commodities

The Costly Path to Net Zero: Economic Challenges and Opportunities

At last year’s United Nations Climate Change Conference (COP28), nearly 200 countries committed to achieving “net zero” by 2050—a state where human activities emit no more greenhouse gases than we can remove from the atmosphere. Likewise, over half of the world’s largest corporations have made similar promises. Achieving this goal could potentially limit global temperature

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Commodities

Secretive Trader ‘Hector’ Identified as Global Powerhouse for Iranian Oil Distribution

When Milavous Group Ltd. secured an office in a luxurious Dubai corporate tower two years ago, the company was relatively unknown. However, it quickly emerged as a key player in global energy markets, largely driven by a businessman that traders refer to as one of the most influential figures in distributing Iranian oil worldwide. Operating

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Commodities

African Cocoa Harvests May Improve, But Don’t Expect Chocolate Prices to Drop

Moussa Konate, a cocoa farmer in Ivory Coast, embodies a cautious optimism as he tends to his crops, especially after a challenging season where disease devastated much of his yield. With the October harvest approaching, Konate is encouraged by the sight of healthy, green leaves and an abundance of cocoa pods on his trees—a stark

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Commodities

Iron Ore Prices Plunge to Lowest Level Since 2022 Amid Global Steel Industry Crisis

Iron ore prices have tumbled to their lowest point since 2022, driven by growing concerns that global supply is outpacing demand. The decline is largely fueled by the ongoing crisis in China’s steel industry, where mills are reducing output just as major mining companies ramp up their exports. For the fourth consecutive day, iron ore

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Commodities

Saudi Aramco’s $12 Billion Challenge: Attracting Foreign Investors

Saudi Arabia initiated a $12 billion secondary offering for Aramco on Sunday, a significant event that has been in the pipeline for years. True to recent trends in the kingdom, investors quickly purchased all available shares within hours. While this rapid uptake is advantageous for the Saudi government, which needs substantial funds to support its

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