Reported 29 days ago
This week, key developments in the global commodities market revolve around the COP29 climate summit in Azerbaijan, where nations aim to address climate finance amid uncertainty from the recent US elections and Trump’s possible withdrawal from the Paris Agreement. In Shanghai, the copper industry gathers to discuss demand and supply challenges, as futures prices drop. Meanwhile, oil prices continue to fluctuate due to uncertainty about future production under Trump, and weather patterns influenced by La Niña are anticipated to affect crop growth. Lastly, the southern US is expected to surpass Canada in softwood lumber capacity, reflecting significant shifts in North American trade dynamics.
Source: YAHOO