In February this year, KPMG published a report identifying ten “sustainability megaforces that will affect every business over the next two decades.” They have identified ten good drivers of change. They just seem to have missed a trick when it comes to showing how these issues will have serious consequences for business leaders. Even inclusion of the …
Category archives: Raw Materials
Strike lifts copper price
Strikes at mines in Indonesia and Peru have led to the price of copper for three month delivery on the London Metal Exchange rising more than one percent. http://www.ft.com/cms/s/0/91ced962-f8a6-11e0-ad8f-00144feab49a.html
Japan’s first iron ore swap agreed
Mitsui, the Tokyo-based trading house, announced it has signed the country’s first ore swap, with Credit Suisse. The swap allows Mitsui, which acts as a middleman between iron ore miners such as Vale of Brazil, Rio Tinto and BHP Billiton and the Japanese steelmakers, “to hedge the price of the commodity, avoiding the volatility of …
Footnote to the iron ore story
As a ‘footnote’ to our earlier post (though we are sure it will not be the final word), on April 2 the FT paper carried a story saying that prices of oil (and other commodities) “surged on Thursday, with oil hitting a fresh 18-month high of $85 a barrel, and copper and iron ore posting multi-month …
Iron ore derivatives set to “take off”
An interesting example of how our financial system works is playing out before our eyes. And it reveals a likely future for peak oil. Yesterday buyers and sellers of a basic physical commodity, iron ore, announced that they had agreed a new approach for setting prices. The changes had two main parts. First, prices will …