China dominates lithium refining but has only 8 percent of the world’s raw lithium, less than Argentina, Bolivia, or Chile. Even the U.S. has more lithium ore than the Asian giant.
Category: 30 May 2023
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MEXICO’S CENTRAL BANK PROMISES NO MORE INTEREST RATE INCREASES
Meeting on 25 May, the governing board of Mexico’s central bank voted unanimously to hold its key interest rate at 11.25 percent, halting its fastest and steepest series of rate increases on record.
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CORPORATE BUYBACKS: THE SPREE CONTINUES
The spate of corporations buying their own stock that we reported in “Company Stock Buybacks Set Record, Spark Investor Complaints” (23 May 2023) shows no signs of slowing.
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“GREEDFLATION” FUELS INFLATION
While the media calls it a new term to the lexicon, Greedflation has long been a part of the mega-corporations running and ruling a country near you.
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COPPER’S PRICE FALLS AGAIN AS GLOBAL ECONOMIC OUTLOOK DARKENS
On 22 May, the price of copper to be delivered two days later was $66 a ton cheaper than copper for delivery in August, the Financial Times reported, as traders expressed disappointment with China’s weak manufacturing recovery.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: INVESTMENT IN GREEN ENERGY POISED TO TOP OIL THIS YEAR FOR THE FIRST TIME
Roughly $2.8 billion will be invested this year to increase global energy supplies, with $1.7 billion, or about 60 percent, going to clean energy projects such as solar and wind generation, the International Energy Agency (IEA) has predicted.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
And as the numbers prove, while there are job opportunities in the low-paying service sectors, enormous numbers of middle and upper-class workers are out of work.
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FED CONTINUES TO STONEWALL ON OFFICIALS’ POSSIBLE CRIMES
The U.S. Federal Reserve continues to withhold details about its most notorious public scandal in recent history.
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CORPORATE BANKRUPTCIES CONTINUE TO RISE
To 27 May, eight companies, each with more than $500 million in liabilities, filed Chapter 11 bankruptcy this month, including five in one day. Last year, the monthly average was three filings, the Financial Times noted.
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COMMERCIAL REAL ESTATE VALUES FALL
For the first time since at least 2012, the sale price of U.S. commercial real estate declined in the first quarter, year over year, according to a review of sales data by Moody’s Analytics.