Knoema.com - Commodities http://pt.knoema.com 2024-03-19T10:28:01Z /favicon.png Knoema é o seu caminho pessoal do conhecimento World Crude Oil Supply and Demand Forecast //pt.knoema.com/vaqgsxd/world-crude-oil-supply-and-demand-forecast 2024-03-19T10:28:01Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Crude Oil Supply and Demand Forecast

Compare global oil supply, demand, and inventory forecasts from a number of sources to build more accurate projections.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Crude Oil Supply and Demand Forecast, 2020-2021 //pt.knoema.com/cbhnele/world-crude-oil-supply-and-demand-forecast-2020-2021 2024-03-19T10:28:00Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Crude Oil Supply and Demand Forecast, 2020-2021

(13 April 2020) OPEC+ countries agreed to cut their overall oil production by 9.7 million barrels per day at the 10th extraordinary meeting held on April 12. This is the largest oil production cut ever negotiated aimed at stabilizing oil prices. The agreed 9.7 mb/d production cut is planned for the two months starting on 1 May 2020. In the following 6 months, OPEC+ countries will cut production by 7.7 mb/d more and in the subsequent 16 months, the adjustment will constitute 5.8 mb/d.Oil prices started to rise as early as ahead of emergency OPEC+ meeting held on April 9 - the first meeting after Russia and Saudi Arabia failed in early March to reach an agreement on oil production cuts, sending oil prices to historic lows.The oil market is currently dramatically oversupplied due to the price war between Russia and Saudi Arabia and contracting demand caused by the Coronavirus pandemic. According to the latest estimate by the US Energy Information Administration (EIA), oil supply exceeded demand by around 6 million barrels per day in the first quarter of 2020 and the gap is expected to extend to 11.4 million barrels per day in the second quarter.    

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
U.S. Inflation Trends: Like Coffee? Get Ready to Pay More //pt.knoema.com/qemlhre/u-s-inflation-trends-like-coffee-get-ready-to-pay-more 2023-07-30T20:18:15Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
U.S. Inflation Trends: Like Coffee? Get Ready to Pay More

(19 October 2021) Through June-September of 2021, consumer price index (CPI) inflation in the U.S. accelerated to 5.4% on a year-over-year basis, which was the highest monthly growth rate in the last 12 years. Not all consumer goods were affected by price increases equally. For example, used car and gasoline prices were up 40% year-over-year in July, while consumer coffee prices have only increased by 1% year-over-year. However, the latest commodity market data indicates that millions of Americans will likely be paying more for "the favorite beverage of the civilized world".The price for New York traded Arabica beans increased to an average $2.03 per pound in August 2021 — a 66% increase since the end of 2020.Coffee futures prices have risen on expected coffee crop loss in Brazil, the world's largest producer and exporter of coffee. According to USDA estimates, the severe droughts could reduce the 2020-2021 Brazilian Arabica coffee harvest by 30% compared to the previous market year, and by 23% compared to the 2017-2021 average. Rising sea fright prices also contribute to an increase in coffee costs. Brazil accounts for 40% of Arabica coffee beans production and 27% of global coffee beans exports. Thirty percent of coffee beans imported by the U.S. are supplied from Brazil. Note: Arabica, Coffea arabica, is the world's most popular and widely produced species of coffee, as well as the type most commonly imported into the US. Arabica is grown at higher altitudes and tends to have a sweeter and more nuanced taste. Robusta, Coffea canephora, the other widely-produced species of coffee, has a stronger and harsher taste. It contains twice as much caffeine as arabica, is generally considered to be of inferior quality, and is typically less expensive.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nickel Price Forecasts: Long-Term 2021 to 2030 | Data and Charts //pt.knoema.com/ydolvrc/nickel-price-forecasts-long-term-2021-to-2030-data-and-charts 2023-07-11T06:46:06Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Nickel Price Forecasts: Long-Term 2021 to 2030 | Data and Charts

(28 June 2021) Nickel prices were up 44% year-over-year in May 2021, from $12,179 to $17,577 per metric ton. Since the 13-year low in February 2016, nickel prices have been showing strong cyclical growth.  Leading international agencies have made the following nickel price predictions:The World Bank, in its commodity forecast report, estimated that nickel prices will fall to a low of $16,000 per metric ton in 2022, but they expect the average spot price for nickel will grow slightly further after the correction, reaching $18,000 per metric ton by the end of the year. The IMF's metal cost, insurance, and freight (CIF) report revealed an expected rise from $18,000 per metric ton in 2021 to $19,000 in 2026.  IMF experts expect that the nickel CIF price will grow as the overall metal price index declines.Industry Innovation and Science Australia (IISA) expects a nickel deficit after 2022.  The top three countries with key nickel reserves are Indonesia (21 million metric tons), Australia (20 million metric tons), and Brazil (6 million metric tons). The leading global consumer, China, is demonstrating increasing dependency on imports of nickel. Dive deeper into historical commodity prices from the World Bank and IMF or commodity price forecasts. You can also explore with Knoema a variety of other critical commodities, including: gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Gold Price Forecast: 2022-2024 //pt.knoema.com/ryjroog/gold-price-forecast-2022-2024 2023-07-11T06:46:05Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Gold Price Forecast: 2022-2024

(October 2022) During 2021, the gold price increased from $1,770 to $1,800, marking 1.7% growth year-over-year. In October 2022, gold prices averaged $1,664/oz, 7 percent down compared to December 2021. The World Bank predicts the price of gold to decrease to $1,700/oz in 2023 from an average of $1,775/oz in 2022. In 2024, the gold price is expected to decrease to $1,650/oz. In 2020-2021 the high level of uncertainty in the global economy due to the coronavirus outbreak fuelled demand for gold across the board. However, optimists hoping vaccinations would lead to an economic recovery were disappointed as inflation grew alongside uncertainty amplified by the war in Ukraine. All of these large-scale events increase both volatility and uncertainty in the markets, putting downward pressure on gold prices.     Price forecasts of other critical commodities:  silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Aluminum Prices Increase After Political Unrest in Guinea //pt.knoema.com/dokjbqd/aluminum-prices-increase-after-political-unrest-in-guinea 2023-04-15T15:24:57Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Aluminum Prices Increase After Political Unrest in Guinea

(06 September 2021) Armed seizure of the presidential palace in Guinea by a unit of the country's military sent aluminum prices to a 10-year high. The political unrest in Guinea is raising concerns about potential disruptions to the global supply of bauxite — the raw material needed to produce aluminum.  Guinea, which currently has a quarter of the world's bauxite reserves, is the second largest producer and largest exporter of bauxite.  According to the U.S. Geological Survey, in 2019 Guinea produced 70 million metric tons of bauxite, which represents 20% of global production.Over 90% of bauxite produced in Guinea is exported. Data from UN Comtrade shows that exports from Guinea account for 50% of global bauxite exports.China — the largest producer of aluminum — is heavily dependent on bauxite imports, with almost 50% of its imported bauxite originating from Guinea.The aluminum futures price, which had been on an upward trend since mid-2020 due to fast recovery in consumer demand and industrial production, jumped 1.5% over the weekend, according to Investing.com. The rise of Guinea as the largest supplier of bauxite to the world market since 2016 has become possible due to Chinese investments. Since 2011 China has invested over $14 billion in the Guinean economy. 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Lumber Prices Surge on Accelerating Demand from Homebuilders and Supply Shortages //pt.knoema.com/rdrdkdc/lumber-prices-surge-on-accelerating-demand-from-homebuilders-and-supply-shortages 2023-04-07T11:12:22Z Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Lumber Prices Surge on Accelerating Demand from Homebuilders and Supply Shortages

(1 June 2021) In May, lumber futures reached a high of 408% growth year-over-year. Price indices (both consumer and producer) for lumber and wood have also been on an upward trend since summer 2020 in some of the top exporting countries, like Canada, the USA, and Brazil, as well as in other countries like Norway. Lumber price growth was initially caused by fundamental factors such as supply and demand mismatch. It was later reignited by the inflow of speculators into the market. Demand for lumber from the construction industry — reflected in high numbers of building permits and housing starts for single-family units — rose, sparked by low interest rates. At the same time, supply was limited due to sawmill shutdowns and unfavorable weather conditions in 2020.The end users of lumber are homebuilders and truss manufacturers. The major types of lumber are softwood, hardwood, and their derivatives like general millworks, miscellaneous wood products, and prefabricated wood buildings and components. The US Producer Price chart below details how the prices of all of these types increased during the pandemic, with softwood lumber showing the most significant growth.China was the largest lumber importer in 2019, with $47 billion imported, followed by the US and Germany with $25 million and $16 million in lumber imports, respectively.  On the export side, the top spots were filled by the US, Canada, and Germany.

Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Gold Price Forecast: Long Period 2018 to 2023 | Data and Charts //pt.knoema.com/ysngzmc/gold-price-forecast-long-period-2018-to-2023-data-and-charts 2022-10-27T06:28:23Z Anil Kumar TN pt.knoema.com://pt.knoema.com/user/1563900
Gold Price Forecast: Long Period 2018 to 2023 | Data and Charts

Anil Kumar TN pt.knoema.com://pt.knoema.com/user/1563900
RS Metrics | MetalSignals — Predictive Signals for Commodities from Satellite Imagery //pt.knoema.com/uzumefc/rs-metrics-metalsignals-predictive-signals-for-commodities-from-satellite-imagery 2022-10-26T06:23:16Z Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
RS Metrics | MetalSignals — Predictive Signals for Commodities from Satellite Imagery

(19 March 2021) In December 2020, Zinc prices rose to the highest level since April 2019, boosted by concerns over falling Chinese production while hopes for a US stimulus deal buoyed market sentiment. Satellite analytics from RS Metrics show that the zinc output of monitored Chinese smelters dropped by 17% M-O-M in December. Supply constraints have helped fuel a 46% rebound in zinc prices from a March 2020 low even as demand took a hit due to the pandemic. Iron ore prices reached a ten-year high of $160 per tonne by the middle of December. Demand growth, particularly in China, is driving the increase in the cost of raw material. Supply constraints in Brazil have also tightened the market. Iron ore inventory at port storage facilities in Brazil monitored by RS Metrics dropped by 20% M-O-M in December. RS Metrics MetalSignals monitors production, inventory levels, and activity level of 500+ global smelter, storage, and production facilities, most of them on a weekly basis. Charts below display the global, regional, and country-level inventory levels over 2019 and 2020.

Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Soaring Commodity Prices: A New Supercycle Or Corona-Crisis Aftermath //pt.knoema.com/wpaffrb/soaring-commodity-prices-a-new-supercycle-or-corona-crisis-aftermath 2022-10-26T06:10:07Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Soaring Commodity Prices: A New Supercycle Or Corona-Crisis Aftermath

(16 February 2020) The rise in commodity prices over the past three months has led experts to speculate about the beginning of a new "supercycle" and an extended period of rapid price expansions in the commodity markets. The idea of commodity supercycles is not new. Eighty-five years ago, Russian economist Nikolay Kondratieff has published his famous article describing how the depreciation of capital assets, changes in interest rates, and innovation activities generate "the cyclical dynamics of the capitalistic social order" and an above-trend movement in commodity prices over a period of years. But given that only 10 years have passed since the last peak, does the recent rally in commodity prices indicate the beginning of a new supercycle?The commodity index constructed by Knoema shows that the most recent commodity supercycles occurred in the second half of the 1970s and subsequently at the end of the 2000s, with a gap of 3 decades in between. And yet, only 1 decade has passed since the very last supercycle peaked in the late 2000s.Governments across the world have put together pandemic stimulus amounting to a total of $13.8 trillion, equivalent to 16% of the world's GDP. Coupled with extremely low interest rates these factors alone will have a significant upward impact on prices. The same thing happened right after 2008 when quantitative easing programs increased global liquidity and inflated nominal commodity prices in 2010-2011.COVID-19-related slowdown and the quick recovery in the second half of 2020 had been accompanied by structural changes in consumer demand, disruptions in global trade and value chains, which caused a rise in prices in specific markets (semiconductors and sea freight). Not to mention cold winter weather in the northern hemisphere which supports fuel demand and pushes up oil and gas prices. Whether it is a new supercycle or not we will only know in a few years. At the moment, the global economy is still subject to stress brought on by the new COVID-19 strain, potential disruptions in vaccine rollout, and a high stringency of pandemic restrictions.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Crude Oil Prices //pt.knoema.com/iaeapfb/monthly-crude-oil-prices 2022-10-26T06:09:50Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Crude Oil Prices

Crude oil is one of the most actively traded commodities in the world. Petroleum still remains the primary energy source for transportation and manufacturing industries. For this reason, oil price movements may impose significant influence on economic situation in different countries. Oil prices are changing due to the interaction between supply and demand forces on the international commodity markets. There are three major markers of crude oil commonly traded on commodities exchange: Brent, WTI (West Texas Intermediate) and Dubai. Statistics below depicts up-to-date figures on current oil prices as well as recent monthly price changes. More energy statistics

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Monthly Coal Prices //pt.knoema.com/fqlmzq/monthly-coal-prices 2022-10-26T06:09:49Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Monthly Coal Prices

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodities | Data and Charts //pt.knoema.com/pksmllg/commodities-data-and-charts 2022-10-07T10:27:12Z Dharani M pt.knoema.com://pt.knoema.com/user/1007220
Commodities | Data and Charts

Dharani M pt.knoema.com://pt.knoema.com/user/1007220
Copper Price Forecast: 2021, 2022, and Long Term to 2035 //pt.knoema.com/prujshc/copper-price-forecast-2021-2022-and-long-term-to-2035 2022-09-04T09:08:21Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Copper Price Forecast: 2021, 2022, and Long Term to 2035

(23 May 2021) Copper prices reached an all-time high of $10,512 per metric ton on May 9, marking a 130% growth since March 22, 2020. The consensus forecast from three leading sources (IMF, World Bank, and the Australian Government) for 2021 is $8,357. The average year-to-date price as of May 20 was $8,915, which means the forecasts do not reflect an expectation of further increases over the second half of the year. The copper price growth over the course of the past year was driven primarily by the high demand from China, the top copper consumer, as well as growing optimism about the overall economic recovery in view of COVID-19 vaccine rollouts. The demand for copper is expected to rise further amid rising concerns about low copper inventories. Copper is the most widely used metal in energy generation, transmission infrastructure, and energy storage. It is the next most used metal after aluminum and steel in the construction, telecommunications, transportation, and automobile manufacturing sectors. Here are the copper price forecasts issued by each of the leading international agencies:The World Bank estimated in its commodity forecast report that the spot price for copper will average $8,500 per metric ton by the end of 2021. The price is expected to decrease to $7,500 in 2022 and then grow to $8,250 by 2035. The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,313 in 2021, followed by a gradual decline to $7,600 per metric ton by 2026.The Department of Industry, Science, Energy, and Resources of Australia also expects the price of copper to rise sharply to $8,257 in 2021, with a slight decrease to $7,724 in the following two years and consequent growth to $8,876 by 2026.   Price forecasts for other critical commodities: gold | silver | aluminium | nickel | zinc | coal | natural gas | crude oil

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Aluminum Price Forecast: 2021, 2022 and Long Term to 2035 //pt.knoema.com/ffzioof/aluminum-price-forecast-2021-2022-and-long-term-to-2035 2022-07-29T08:26:51Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Aluminum Price Forecast: 2021, 2022 and Long Term to 2035

(9 June 2021) The aluminum price reached the value of $2,534 per metric ton on May 7th of this year, the highest price since the two-year high in April 2018. The consensus forecast for 2021 from three leading sources (the IMF, the World Bank, and Innovation and Science Australia, an advisory board to the Australian government) is $2,072 per metric ton. The rise in aluminum prices is a result of high demand in China and growing concerns that China's new climate policy, which focuses on greenhouse gas emissions reduction, could limit future supply of the metal. In 2020, China accounted for 56% of all refined aluminum production. Steadily increasing demand could see the global aluminum market tighten into a deficit. The production of aluminum is a highly energy-intensive process, and despite energy efficiency improvements in China in recent decades, the process remains highly carbon-intensive: more than 80% of China's aluminum is produced using coal-fired power. The leading sources' aluminum price forecasts are as follows:According to the World Bank, the aluminum price will increase to $2,000 per metric ton (t) in 2021, a 17% rise from an average of $1,703/t in 2020, and experience moderate growth to $2,050/t in 2022. By 2035, the World Bank predicts aluminum prices will reach $2,400/t.The International Monetary Fund (IMF) forecasts that aluminum prices will rise to $2,083/t in 2021 — a jump of 22% over the previous year, the largest predicted increase among the three forecasts — and to $2,126/t in 2022. The long-term IMF projection is that the price of aluminum will reach $2,276/t in 2026. Innovation and Science Australia (ISA) predicts that the price of aluminum will grow to $2,134/t in 2021 and to $2,160/t in 2022, the highest growth forecast by any of the three organizations. For their forecasts, both World Bank and the IMF use London Metal Exchange (LME) settlement prices for high-grade unalloyed primary ingots of 99.7% purity.   Price forecasts for other critical commodities:  gold | silver | copper | nickel | zinc | coal | natural gas | crude oil

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodity Price Forecasts //pt.knoema.com/kqqlnl/commodity-price-forecasts 2022-07-22T08:07:12Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Commodity Price Forecasts

Price forecast data for different commodities from several public sources along with price drivers: demand & supply, etc.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Zinc Prices Forecast: Long Term 2018 to 2030 | Data and Charts //pt.knoema.com/ftmgyvg/zinc-prices-forecast-long-term-2018-to-2030-data-and-charts 2022-07-22T08:07:10Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Zinc Prices Forecast: Long Term 2018 to 2030 | Data and Charts

(28 June 2021) Zinc prices showed 50% growth year-over-year in May 2021, an increase to $2,965 per metric ton from $1,975 in May 2020. The increase followed a two-year decline of 45% from the ten-year high of $3,500 in 2018. The price is currently 11.5% above the 5-year moving average — a figure analysts were not expecting, since zinc demand is declining in the era of COVID-19. Several key supply and demand drivers are playing a role. The upward price drivers are as follows: Disruption of zinc concentrate supplies due to the suspension of large zinc mines as a result of the COVID-19 pandemicPersistent environmental restrictions in China and mine closures and disruptions in other countriesRecovery of zinc consumption levels in China, the US, and other countries due to rebounding construction levels. China has been implementing a number of infrastructure projects such as construction of railways, airports, and metro lines. And the downward price drivers: Transition of the world zinc market from deficit to surplus; according to investingnews estimates, the surplus of zinc in the world market in 2021 may amount to about 400 thousand tonsRecovery of mining at large zinc mines in Peru, Mexico, and Bolivia, among other countries Increase in zinc mining and production in China due to the gradual replacement and modernization of old zinc-smelting facilities in order to meet new environmental standards.  Zinc price predictions from the leading international agencies for the next few years are as follows:The World Bank in its commodity forecast report estimated that the average spot price for zinc will fall to $2,400 per metric ton (t) in 2022, down from $2,700/t at the end of 2021. After that, a slow growth period will start.The IMF's report indicated a completely different expectation: a rise from $2,828/t in the end of 2021 to $2,859 in 2022. For the following period, IMF experts expect a smooth, gradual decline. They predict the price will drop to $2,818/t by 2026.The forecast from Industry Innovation and Science Australia (IISA) is more similar to the World Bank's predictions: they expect a decrease in the zinc spot price from $2,686 at the end of 2021 to $2,362 in 2022, with further slow increase through 2026. Dive deeper into historical commodity prices from the World Bank and IMF, or explore commodity price forecasts. You can also explore a variety of other critical commodities with Knoema, including: gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil   As you examine commodity prices and forecasts, you may also be interested in economic forecasts for the G20 countries across the following indicators: GDP growth | inflation | unemployment | government debt | current account balance | external debt.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Silver Price Forecast: 2021, 2022 and Long Term to 2030 | Data and Charts //pt.knoema.com/bsmesff/silver-price-forecast-2021-2022-and-long-term-to-2030-data-and-charts 2022-05-30T16:49:36Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Silver Price Forecast: 2021, 2022 and Long Term to 2030 | Data and Charts

(4 February 2021) Retail investors combined forces via Reddit on Monday to push silver prices up and by doing so to put a "squeeze" on banks that were shorting silver, a competing investment to government bonds and currencies. The result was an 11% spike in silver prices to $30/oz, the highest value in eight years. The victory was short-lived as prices fell the next day by 8% to $27/oz.The price spike was fueled by the rapid inflow of retail investors into the iShare Silver Trust—the largest exchange-traded product tracking the metal—which recorded an unprecedented $93 million net inflow on Monday.In 2020, silver prices averaged $20.5/oz rising from $14.9/oz in March to $24.9/oz in December and peaking at $27/oz in August. Price forecasts and futures data suggest that the Reddit crowd will be disappointed by silver prices in the coming years. World Bank estimates show the price of silver stable at around $18/oz over the next 10 years. Futures contracts with delivery in the next 5 years put the price of silver at around $26/oz.   Price forecasts of other critical commodities:  gold | copper | aluminum | nickel | zinc | coal | natural gas | crude oil

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Price Forecast: 2021, 2022 and Long Term to 2050 //pt.knoema.com/ncszerf/natural-gas-price-forecast-2021-2022-and-long-term-to-2050 2022-05-29T18:28:16Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Natural Gas Price Forecast: 2021, 2022 and Long Term to 2050

(15 June 2021) The US natural gas spot price at Henry Hub, Louisiana — the benchmark price reference for the US natural gas market and an important price reference in global gas trading — will average $3.07 per million British thermal units (MMBtu) in 2021, a 51% increase from the 2020 average, according to the U.S. Energy Information Administration (EIA). The agency attributes this year's price growth to rising liquefied natural gas (LNG) exports and increasing domestic natural gas consumption outside of the power sector. In 2022, Henry Hub prices are expected to decrease to $2.93/MMBtu due to slowing growth in LNG exports and rising US natural gas production. The World Bank, in its Commodity Markets Outlook, forecasts US natural gas prices to remain close to current levels over the rest of 2021, averaging $2.80/MMBtu, which marks a 39% rebound from 2020. The report cites global economic recovery, cold weather, and supply disruptions as the main drivers of the rebound in prices this year. The World Bank expects the other two benchmarks, European and Japanese natural gas import prices, to show different dynamics in 2021, with a steeper increase in European prices and a small decline in Japanese prices. The consensus forecast for 2021 from the four leading sources — EIA, the International Monetary Fund (IMF), World Bank, and the Canadian Government — is $2.81/MMBtu, which is 39% higher than in 2020. See the charts below to compare forecasts from different sources and analyze supply and demand forces. Natural gas is widely used in energy generation, transportation, commercial, and household sectors, as well as in energy-intensive industries such as chemical, iron and steel manufacturing. The United States, Europe, Russia, and China, the top four natural gas consumers, together accounted for 53% of global consumption in 2019.   Price forecasts for other critical commodities: gold | silver | copper | aluminum | nickel | zinc | coal | crude oil 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodity Price Forecast Tracker //pt.knoema.com/gxgnieg/commodity-price-forecast-tracker 2022-05-12T08:48:17Z Dharani M pt.knoema.com://pt.knoema.com/user/1007220
Commodity Price Forecast Tracker

Source: Price Forecasts, World Bank

Dharani M pt.knoema.com://pt.knoema.com/user/1007220
Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050 //pt.knoema.com/yxptpab/crude-oil-price-forecast-2021-2022-and-long-term-to-2050 2022-03-13T15:06:03Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Crude Oil Price Forecast: 2021, 2022 and Long Term to 2050

(13 May 2021) Brent crude oil prices will average $62.26 per barrel in 2021 and $60.74 per barrel in 2022 according to the forecast in the most recent Short-Term Energy Outlook from the US Energy Information Administration (EIA). This represents a rebound from the 2020 average of $41.69 per barrel, but it is still lower than pre-COVID levels. The International Monetary Fund, in its latest release of the World Economic Outlook, predicts a similar recovery scenario, with Brent oil prices rising to US$59.74 per barrel in 2021 and then to $56.23 in 2022. Oil price forecasts depend on the interaction between supply and demand for oil in international markets. The most important supply-side factors impacting pricing in the next few years are expected to include US shale oil production, US crude oil stocks, and OPEC oil supply. A chronology of oil price swings since the end of 2019:In December 2019, Brent crude price averaged $67 per barrel, which was $10 higher than at the end of December of the previous year. This reflected the expectation of improving economic conditions in 2020.However, in January 2020, oil prices lost all the gains accumulated since October 2019 as the Coronavirus outbreak in China affected oil demand due to travel restrictions and decreased entertainment spending.In early March 2020, OPEC and non-OPEC partner countries failed to reach an agreement on oil production cuts. As a result, the two largest oil producers — Russia and Saudi Arabia — commenced a price war, flooding market with cheap oil against the backdrop of falling global demand as local coronavirus outbreaks developed into a pandemic. Oil prices plummeted, as a result, soon reaching a twenty-two-year low of $9.12 per barrel in April.On April 12, OPEC+ countries agreed to cut oil production by 9.7 million barrels/day during the next two months. Anticipation of the successful deal led to an oil price rebound. But on April 20, prices for WTI futures that were due to expire the next day plunged below zero for the first time ever. Because of the dramatic shrinkage of oil demand due to the Coronavirus lockdown, companies had filled their entire storage capacity with unused oil and were trying to get rid of expiring futures contracts at their cost.By the end of 2020, when the first COVID-19 vaccination campaigns had started, the crude oil price reached $52 per barrel.During the first months of 2021, oil prices continued growing, reaching a one-year maximum of $69.95 on March 5. The gains reflect improving oil demand due to progress in COVID-19 vaccination as well as recovering global economic activity. Rising shipping costs and disruptions to petroleum supply from extreme winter weather in Texas also put upward pressure on crude oil prices in February.   Price forecasts for other critical commodities: gold | silver | copper | aluminum | nickel | zinc | coal | natural gas 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The Right Food Price Hotspots to Worry About //pt.knoema.com/yniczof/the-right-food-price-hotspots-to-worry-about 2022-02-25T12:40:30Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
The Right Food Price Hotspots to Worry About

(1 March 2020) The recent rise in global food prices poses a direct threat to many countries and millions of households around the world.  In its recent article on the subject Bloomberg named five such "hotspots" — Russia, India, Brazil, Turkey,  and Nigeria. According to Bloomberg, the acceleration of food price inflation in these countries has the potential not only to exacerbate food insecurity for families but to transfer to social protests. Looking deeper at the most recent data on food inflation in the five hotspots, and investigating the domestic patterns of supply and consumption of one of the most important food commodity groups, grains, we analyze how vulnerable Bloomberg's hotspots really are to food inflation.First of all, Nigeria. Food inflation there topped 20% year-over-year at the end of 2020. Because of the high dependency on imported food, and the almost 60% share of the budget spent on food in the average household, this country is ranked among the top 10 in Knoema's Grain Price Vulnerability Index. The decline in oil exports, depreciation of Naira, and growing unemployment fueled record-high incidents of political and social unrest in 2020.Turkey, Brazil, India, and especially Russia can hardly be counted among hotspots. Food inflation in Brazil, India, and Russia increased to approximately 10% year-over-year in recent months — a level that is not unusual for these countries and is rarely associated with social protests among the population. In Turkey, food inflation topped 20% in Nov–Dec 2020 (again, far from a record high in this country). But the share of expenditures spent on food in the average household budget is only 21% — only a third compared to the share spent in Nigeria, leaving room for the population to adapt to higher food prices through the shift in the commodity basket.According to Knoema's Grains Price Vulnerability Index, which shows how vulnerable a given country is to the acceleration of grain prices, India, Russia, Brazil, and Turkey are among the less vulnerable countries. High self-sufficiency in food and agricultural products, a moderate share of expenditures on food in household consumption, and protection of domestic markets through local currency devaluation in 2020 create conditions for further import substitution, rather than for growing protest activity in these countries.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Steel Demand Watch //pt.knoema.com/ounzfjf/steel-demand-watch 2022-02-01T13:53:29Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Steel Demand Watch

Monitor key steel demand drivers in the United States: end-use sectors, raw materials, and trade.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
First River | Steel Demand Watch //pt.knoema.com/fqylslb/first-river-steel-demand-watch 2021-11-11T09:01:16Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
First River | Steel Demand Watch

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Freightos | Global Freight Prices Soaring due to Container Shortages //pt.knoema.com/slsatcf/freightos-global-freight-prices-soaring-due-to-container-shortages 2021-08-31T09:14:39Z Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Freightos | Global Freight Prices Soaring due to Container Shortages

(24 August 2021) As of July 2021, global container freight rates, as measured by the Freightos Baltic Index (FBX), increased fourfold over the last year due to the faster than expected recovery of consumer demand, container shortages, and the shift of consumer spending from services to goods.The global container throughput index by the Institute of Shipping Economics and Logistics, which monitors activity in 82 international ports covering more than 60% of world container handling, increased by 18 points in June year-to-year, and by 10 points from pre-covid levels. According to the IMF, global import value recovered in about six months, returning to pre-COVID levels by November after dropping sharply in the first half of 2020, and reached a historical high in spring 2021. High shipping costs may be a factor in increased actual and expected inflation since importers can pass increased freight rates on to customers. The outsize growth of shipping costs has been attributed primarily to the fact that economies began to recover from the COVID-19 pandemic faster than expected, leaving many ports unprepared for the resurgence in traffic. The shift in consumer spending from services to goods and inventory re-building by businesses added to the upward pressure on shipping prices. High freight rates resulted in improved performance for some of the largest shipping companies from the United States and East Asia, such as Moller-Maersk and Orient Overseas International, whose share prices increased by 60% and 120% respectively in 2020. At the end of Q1 2021, share prices were up 154% year-over-year for Moller-Maersk and 414% for Orient Overseas. However, analysts from Fitch expect prices to moderate in the medium term due to high competition in the sector, ongoing trade tensions, uncertainty about economic recovery paths, and emission regulations. Regional analysis shows that the greatest increase in freight rates is associated with China and East Asia:The cost of freight from China and East Asia to Northern Europe and North America has risen 7 times since the beginning of 2020.The cost of shipping to China increased by two to three times.The cost of freight from America to Europe has hardly changed, while the freight rates from Europe to America increased by 1.5 times.

Nikolai Kuznetsov pt.knoema.com://pt.knoema.com/user/6481950
Metals Price Rally: Five Indicators to Watch //pt.knoema.com/mgftipf/metals-price-rally-five-indicators-to-watch 2021-07-02T14:20:26Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Metals Price Rally: Five Indicators to Watch

(18 June 2021) Uneven post-covid recovery, supply shortages, and tens of trillions of dollars of economic stimulus have resulted in a price rally in commodity markets, including prices for industrial metals. The question that investors are asking today is how long the price rally will last. The short answer: We don't know. Instead of making predictions on prices, in this dashboard we have put together a set of indicators for your exploration and analysis. Several of these indicators hint at a possible future reversal in price trends. Each of the five indicators on this page explores a different angle on trends impacting metals pricing:Global electric vehicle sales — reflects the speed of energy transition from fossil fuels to renewable energy sources. IEA estimates that the transition to green energy will result in a multiple-fold increase in global demand for industrial metals and critical minerals in the next 20 years.Industrial production in China — indicates the state of demand for intermediates (including energy, raw materials and industrial metals) in the world's largest economy.Global trade movement (measured by global exports and container throughput) — represents the general health of the global economy and development of global supply chains.Gold to copper price ratio — an indicator that reflects the preference of investors between risk and defensive assets.Uncertainty index — summarizes the expectations of economic agents about short-term growth trends.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
World Crude Steel Production //pt.knoema.com/caxfyqb/world-crude-steel-production 2021-06-04T08:35:30Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
World Crude Steel Production

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
World Steel Production and Prices //pt.knoema.com/cyyrxug/world-steel-production-and-prices 2021-06-04T08:30:43Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Steel Production and Prices

During the last 10 years, a small group of emerging economies in Asia have supported the growth in total global steel production. While India and South Korea have contributed, production from China overwhelmingly leads globally. Accounting for half of global steel production, analysts worldwide monitor China's monthly production figures closely for signs of economic strength but also to gauge forward pricing expectations based on global demand and the production response of competing mills overseas.Between 2004 and 2014, China increased its annual steel production almost three times to about 823 million tons. At that volume, China's steel output was five times more than all of Europe, nearly seven times more than North America, and nine times more than the United States.In 2014, due to the cool-down in the construction boom in China, low domestic demand for steel halted China's output growth. As a result, prices for steel and iron ore fell significantly worldwide and continued to decline through 2015.  Turn the page to 2016 and the Chinese steel industry continues to dominate industry headlines. Total monthly production figures have repeatedly hit record levels, floating between roughly 69.5 and 70.5 million metric tons, but with a note of caution on the sustainability of this production volume. Production accelerated this year on the heels of a slight recovery of global iron ore prices. In December 2015, the price per metric ton measured at Tianjin Port, China, reached its lowest level since prices began their historic climb in early 2008.China's total production of 401.1 million tons during the first half of 2016 was about 0.6 percent less than the 403.7 million tons it produced during the same period last year. In 2016 and 2017 China maintained the status of the leader of steel-producing nations. Annual production for China was 870.8 million metric tons of crude steel in 2017, an increase of 7.7% compared to 2016.    In 2018 the number of Chinese steel production continued to increase and reached the record-breaking 928.3 million metric tons per year.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Prices //pt.knoema.com/xpubaeg/bp-natural-gas-prices 2021-05-26T10:33:42Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Natural Gas Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
China: Electric Vehicle Trends a Double Victory for Metals Powerhouse //pt.knoema.com/wyrizwg/china-electric-vehicle-trends-a-double-victory-for-metals-powerhouse 2021-05-26T10:29:12Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
China: Electric Vehicle Trends a Double Victory for Metals Powerhouse

(12 February 2020) Tesla by far and away leads in sales of electric vehicles globally and now not only has company CEO Elon Musk thrown down for a 40x increase in annual production but in doing so could escalate natural resource and geopolitical pressures. Electric vehicles (EVs) experienced record sales growth in the second half of 2020, and Musk is perfectly poised to use that momentum to scale towards his production goal of 20 million EVs per year by 2030. Aggressive production plans from Tesla and other EV manufacturers coupled with unprecedented growth of sales raises concerns, however, about the sufficiency of known metals reserves and current metals supplies.Estimates from MINING.COM show that if Tesla reaches its target annual production rate, Tesla alone will consume more than 30% of current global nickel production, almost 60% of global cobalt production, over 90% of global graphite production, and 165% of global lithium production. The obvious exceptions to this outcome include changes in metals production and/or required EV manufacturing inputs.Another critical unknown is the absolute reserve volume of key metals as opposed to known reserves and whether EV demand could outstrip reserves. Extrapolation of MINING.COM estimates to accommodate a fortyfold increase of global EV production from Tesla alone shows that the world would run out of nickel and cobalt. EV production requirements would require tripling known reserves of nickel and more than doubling known reserves of cobalt. Any EV outlook needs to also account for the geopolitics of business, particularly in light of the trade tensions between the US and China in recent years. China is not only the largest EV market but also the only country that appears in every top 10 list of countries with the largest reserves and production of metals currently required for EV manufacturing. This fact implies that China's natural resource base and production capacities make it the most sustainable EV manufacturer to met Musk's production aims.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Price Forecasts: Long Term, 2021 to 2030 | Data and Charts //pt.knoema.com/xfakeuc/coal-price-forecasts-long-term-2021-to-2030-data-and-charts 2021-04-21T18:09:08Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Coal Price Forecasts: Long Term, 2021 to 2030 | Data and Charts

In 2020, coal prices dropped to the lowest level since 2016 as coronavirus lockdowns undermined demand, but the EIA, IMF, and World Bank all expect a rebound in 2021. According to the World Bank, Australian coal prices fell by 24 percent in August, compared with the same period of 2019, reaching a four-year low of $50.14 per tonne. In September and October, prices already began to climb, rebounding by 9 and 7 percent month-on-month, respectively.The IEA reported that the 2020 drop in coal demand was the largest since World War II driven by reduced demand in almost every sector of every region in the world. Electricity sector consumption was acutely affected. Electricity generation from coal in the EU, for example, decreased by 11 percent in August.  Leading international agencies uniformly expect a price rebound in 2021, but estimates vary:The EIA in its latest Short-Term Energy Outlook forecasted that coal prices will increase to $56.7/mt in 2021 from $53.9/mt in 2020.The World Bank October 2020 commodity forecast estimated that the price of coal will increase to $57.8/mt in 2021 from $57.3/mt in 2020, with slow price growth beyond 2021.The IMF October 2020 release of the World Economic Outlook detailed an alternate scenario under which prices could reach $63.5/mt in 2021 and increase still further to 2023 to $73-76/mt.   Price forecasts of other critical commodities: gold | silver | copper | aluminium | nickel | zinc | crude oil | natural gas 

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Critical Materials: Present Danger for US Manufacturing //pt.knoema.com/wzbxqpe/critical-materials-present-danger-for-us-manufacturing 2020-12-10T03:19:55Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Critical Materials: Present Danger for US Manufacturing

Source: Critical Materials: Present Danger to U.S. Manufacturing

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Commodity Price Forecasts 2020-2030 | Data and Charts //pt.knoema.com/wxgcxde/commodity-price-forecasts-2020-2030-data-and-charts 2020-09-09T06:32:26Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Commodity Price Forecasts 2020-2030 | Data and Charts

This page presents forecasts of prices of various commodities: energy, food, agricultural raw materials, grains, fertilizers, metals including steel, platinum, lead, iron ore. It allows comparing projections for a specific commodity from different sources: World Bank, International Monetary Fund, Organisation for Economic Co-operation and Development, and Food and Agriculture Organization.   Price forecasts of critical commodities:  gold | silver | copper | aluminum | nickel | zinc | coal | natural gas | crude oil

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Is the World Running out of Diamonds? //pt.knoema.com/mxygtx/is-the-world-running-out-of-diamonds 2020-02-18T09:58:34Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Is the World Running out of Diamonds?

From antiquity to 2015, about 5.4 billion carats of diamonds have been mined from the Earth's surface. While marketing suggests diamonds are rare, production and related sales trends globally suggest otherwise. During the last two decades, global diamond production averaged 134.6 million carats per year, a total production that exceeded what had previously been produced from the first diamond production records through 1993. In addition, despite relatively weak production of 125 million carats in 2014, industry analysts anticipate diamond production will increase to approximately 141 million carats by 2025. At this rate, won't we soon dig up all of the Earth's diamond reserves? Participants in the global diamond market The global diamond market is defined by the production and sales of rough diamonds. Rough diamonds are produced from 25 countries - an exclusive group dominated by African countries - although 93 percent of global diamond production is concentrated in just seven countries: Russia, Botswana, the Democratic Republic of Congo (DRC), Australia, Canada, South Africa, Angola, Zimbabwe, and Namibia. In terms of global diamond value, three countries - Russia, Botswana, and Canada, a new entrant - account for 60 percent of total value.  Who dominates the market? Rough diamonds are classified according to one of three categories based on quality: gem quality, near-gem quality, and industrial quality. Natural diamonds of the first two categories are used in precious jewelry while those of the third category are used in industrial applications, including oil and gas drill bits. Gem-quality and near-gem quality diamonds account for about 98 percent of the total annual diamond production value, explaining why producers' footprint by category is critical to relative market strength. So while the DRC produces around 20 million carats annually, it has a limited impact on the diamond market since only 25 percent of its production footprint is made up of gem-quality and near-gem quality diamonds. In contrast, Canada, Botswana and Russia can significantly affect the diamond market because diamonds from these countries are typically gem quality and near-gem quality. Demand for rare diamonds Supply-driven factors generally overwhelm demand-driven factors in the global diamond market, because of producer's decisions related to exploitation of their limited reserves of the sparkling stones. Demand becomes much more relevant in the niche segment of exceptionally rare diamonds. The demand for these types of stones has always been determined by consumer buying power. During the last two decades, the income share held by ultra-wealthy individuals has increased significantly, boosting demand (and prices) for rare diamonds. Future projections - Will we run out? The question is whether, like the oil and gas industry, demand coupled with new exploration and mining technology will yield new, commercially-exploitable supplies in years to come and if current trends in demand will shift as expected to favor currently accessible reserves. Diamond reserves have been stable in recent years at 2.3 billion carats, a sufficient level to sustain current annual production for the next 18 years.New pipeline and expansion projects along with currently operating facilities will generate around 172.3 million carats in 2025. Subtracting the production volume of mines that are planned to close by 2025 yields a rough estimate of global diamond production in 2025 of approximately 140.8 million carats. Sector analysts expect future production will include an even higher share of gem-quality diamonds. An adequate supply response to meet this increasing demand will depend on new mining projects planned in Canada and Russia.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Coal Prices //pt.knoema.com/pjditgg/bp-coal-prices 2019-09-02T19:40:52Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Coal Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Investment Rewards: Gold versus Platinum //pt.knoema.com/cjotyic/investment-rewards-gold-versus-platinum 2019-08-09T05:05:51Z Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Investment Rewards: Gold versus Platinum

Balaji S pt.knoema.com://pt.knoema.com/user/1000220
Gold Price History //pt.knoema.com/wtbwxfg/gold-price-history 2019-08-09T05:05:02Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Gold Price History

The price of gold is determined worldwide on the basis of the London Gold fixing price. The price is set per troy ounce of pure gold in the form of standardized bullions. Then, using this price as a reference, producers, dealers and other market participants set prices for jewelry, coins and other goods made of or with gold.   On this interactive dashboard you can explore more than 30 years of monthly gold price history and yearly price returns quoted in 19 various currencies of the primary gold-producing and gold-consuming countries. Please note that local currency prices computed from the US Dollar price and the market exchange rates.

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Crude Oil Prices //pt.knoema.com/asvvrod/bp-crude-oil-prices 2019-05-06T07:42:45Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
BP: Crude Oil Prices

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Year-on-Year Commodities Prices | In Focus //pt.knoema.com/hqyeqm/year-on-year-commodities-prices-in-focus 2018-12-12T20:42:03Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Year-on-Year Commodities Prices | In Focus

  Among commodities a set of common macroeconomic forces influence and shape global price trends, including the strength of major international currencies and economic growth trends both globally and for specific major economies. Disparity among pricing trends for specific commodities, however, is normal and demonstrates how strongly influenced prices often are by commodity-specific factors, such as harvest yields, shipping and warehousing conditions, local export bans, and changes in taxation etc., that can outweigh general macroeconomics forces.        How to use this dashboard:  Explore the most recent and historical trends for various world commodity prices with Knoema visualizations and the most recent version of the World Bank Commodity Price dataset.The bar charts show 1 year percent changes; for the latest prices as of December 14, refer to the the table. Select a commodity in the table to view long-term and short-term trends in the line charts to the right of the table. You can follow this dashboard for updates each month by select the blue + sign in the left margin. 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OECD-FAO Agricultural Outlook 2015-2024: Country Profile //pt.knoema.com/ciihyjd/oecd-fao-agricultural-outlook-2015-2024-country-profile 2016-01-05T09:58:07Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OECD-FAO Agricultural Outlook 2015-2024: Country Profile

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OECD-FAO Agricultural Outlook 2015-2024: Human Consumption per capita by Product //pt.knoema.com/dsygqbb/oecd-fao-agricultural-outlook-2015-2024-human-consumption-per-capita-by-product 2016-01-05T09:55:09Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
OECD-FAO Agricultural Outlook 2015-2024: Human Consumption per capita by Product

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Mineral Production | In Focus //pt.knoema.com/fpvykuf/world-mineral-production-in-focus 2015-11-25T21:40:10Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Mineral Production | In Focus

In today's Viz of the Day we highlight global trends in mineral production. The visualizations include production figures for more than 70 mineral commodities in 175 countries, covering a five-year period from 2009 to 2013. Here are a few highlights:According to 2013 data compiled by the British Geological Survey in the World Mineral Production 2009-13, production of bauxite experienced the largest annual increase, growing by nearly 16 percent during the period from 2012-2013. Mine production of tin - up approximately 14 percent compared to 2012 - occupied second place in terms of production growth, followed by chromium ores and concentrates, which increased about 12 percent from 2012 to 2013. Zirconium, on the other hand, showed the largest decrease in global production, falling 17 percent from 2012 to 2013.The data also reveals China's dominate production position across a number of minerals. China produced about 22 million metric tonnes of primary aluminium in 2013, or 46.7 percent of global primary aluminum production. It was also the largest producer of crude steel and iron ore (48.4 percent and 45.9 percent of global production, respectively) and remained practically the only mined antimony producer in the world. Antimony is reportedly used as an alloying material for lead and tin for use in products ranging from bullets to bearings, a component in lead-acid batteries, an additive in fire retardants for commercial and domestic applications, and in emerging material components of microelectronics.  Browse data by country or by mineral to discover more about global mineral production. By Country | By Mineral

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Mineral Production | In Focus //pt.knoema.com/cmlhemf/world-mineral-production-in-focus 2015-11-24T04:21:25Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
World Mineral Production | In Focus

In today's Viz of the Day we highlight global trends in mineral production. The visualizations include production figures for more than 70 mineral commodities in 175 countries, covering a five-year period from 2009 to 2013. Here are a few highlights:According to 2013 data compiled by the British Geological Survey in the World Mineral Production 2009-13, production of bauxite experienced the largest annual increase, growing by nearly 16 percent during the period from 2012-2013. Mine production of tin - up approximately 14 percent compared to 2012 - occupied second place in terms of production growth, followed by chromium ores and concentrates, which increased about 12 percent from 2012 to 2013. Zirconium, on the other hand, showed the largest decrease in global production, falling 17 percent from 2012 to 2013.The data also reveals China's dominate production position across a number of minerals. China produced about 22 million metric tonnes of primary aluminium in 2013, or 46.7 percent of global primary aluminum production. It was also the largest producer of crude steel and iron ore (48.4 percent and 45.9 percent of global production, respectively) and remained practically the only mined antimony producer in the world. Antimony is reportedly used as an alloying material for lead and tin for use in products ranging from bullets to bearings, a component in lead-acid batteries, an additive in fire retardants for commercial and domestic applications, and in emerging material components of microelectronics. Browse data by country or by mineral to discover more about global mineral production. By Country | By Mineral

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Black Monday: Global Markets Snapshot //pt.knoema.com/qhkogqe/black-monday-global-markets-snapshot 2015-08-25T18:15:38Z Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Black Monday: Global Markets Snapshot

On Monday (24 August), global financial markets suffered heavy losses. Markets started to show weakness earlier this summer, weighed down by concerns about a slowdown of China's economy and fears of economic contagion from a potential Greek exit. On Monday morning, Chinese government efforts to inject liquidity to support the tumbling market failed. China's Shanghai Composite Stock Index closed the trading session with a record 8.5 percent loss, erasing all gains made since the start of the year. European stocks, commodities, and emerging markets were all quick to follow the Shanghai Index's lead. The free fall was aggravated by investors' "flight to quality" and repositioning of carry-trades for major and liquid currencies like the euro and the yen. Unlike in previous years, the decline of risk assets was accompanied by the growth of such currencies as euro, British pound and Swiss franc and the depreciation of US dollar. The US S&P 500 Stock Index tumbled 3.94 percent on Monday to close at 1893.2 points, the lowest level since November 2014 and the largest single-day and 5-day decline since 2011. Now the main question is: will the market plunge be short-lived or will the markets continue a longer-term decline? Global economy growth is still tenuous for some and markedly slowly for others, feeding concerns for continued decline. According to implied probabilities based on the Fed Funds futures prices, markets have begun pricing out chances that the US Federal Reserve will proceed with a short-term interest rate increase next month, helping at least temporarily boost other major currencies.That said, a weaker US dollar will not necessarily lead to an immediate and substantial return to higher risk assets and a return to more stable market growth. 

Alex Kulikov pt.knoema.com://pt.knoema.com/user/1847910
Growing Grain Prices //pt.knoema.com/gmteinf/growing-grain-prices 2015-04-27T12:09:04Z Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560
Growing Grain Prices

Due to the worst drought in the U.S. since 1956 and unfavorable weather conditions in the Black Sea region, world grain prices jumped in July. International Grain Counsil announced that its Grains and Oilseeds Index reached all-time high on July, 20th. If the situation around world grain supply continue deteriorate, people in poor and developing countries can suffer from increasing food prices as food expenditures in many low income countries exceeds 30% and even 40% of final consumption expenditures.

Misha Gusev pt.knoema.com://pt.knoema.com/user/1000560