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world economy
Latest news related to the global economy.
Copper prices surged to a 10-day high of $13,796.50 per ton thanks to the US-Iran trade agreement.
The framework agreement between the US and Iran helped ease concerns about energy inflation, pushed the dollar to a 10-day low, and supported a sharp rise in global copper prices.
Market
Iron ore prices remained stable at $101.65 per ton despite Middle East tensions.
Iron ore prices remained around $105 per ton thanks to stable supply from Australia and Brazil, in contrast to the volatility of other energy commodities.
Eurozone GDP is projected to fall by 0.2% in the first quarter of 2026, putting pressure on the ECB to raise interest rates.
The eurozone economy recorded negative growth of 0.2% in the first quarter of 2026. Rising inflation due to the energy shock is forcing the ECB to consider tightening monetary policy despite growth...
Copper prices rose to $13,594 per ton as LME inventories fell sharply.
In trading on June 8th, global copper prices rose 0.6% due to a 6% decrease in LME inventories over the past month, as well as the impact of new US tariff policies.
Copper prices rose to $13,594 per ton on June 8th as inventories at the LME fell sharply.
London's benchmark copper price rose 0.6% on demand from China and concerns about US import tariffs, while other base metals experienced slight downward pressure.
The IMF recommends shifting energy prices to market mechanisms to respond to supply shocks.
The latest IMF report warns that energy price shocks could reduce real income by the equivalent of 3% of GDP and put significant pressure on global fiscal space.
Conflicts in the Middle East caused global crude oil exports to fall by 8% in the past three months.
The disruption in the Strait of Hormuz has reshaped the world's energy flows, causing oil exports from the Middle East to fall by nearly 50% while shipping costs remain at record highs.
Industrial metal prices on May 21st: Nickel and Aluminum rise slightly, Tin remains at a high level.
May 21, 2026 15:35
The metals market on May 21st showed mixed performance, with nickel and aluminum rising slightly. Tin and molybdenum prices continued to remain high due to stable production demand.
Mortgage interest rates in the US and Europe surged, reaching 6.36% due to the Gulf conflict.
May 19, 2026 17:29
Geopolitical tensions pushed mortgage costs up to 6.36% in the US and 5.1% in the UK. Experts warned of the risk of global inflationary stagnation due to disruptions in oil supply.
Oil prices surge to $126 a barrel, and Trump threatens months-long sanctions against Iran.
April 30, 2026 17:00
The global energy market was shaken on April 30th as crude oil prices surged to their highest level in four years. The direct cause stemmed from a statement by US President Donald Trump regarding...
Chinese aluminum exports are forecast to increase by 18% due to global supply disruptions.
April 3, 2026 11:33
Conflict in the Gulf region disrupted 9% of the world's aluminum supply, prompting a shift of orders to China. Fastmarkets raised its forecast for the country's export growth to 12-18%...
The G7 seeks to bridge the transatlantic rift over the situation in the Middle East.
March 26, 2026 17:00
The G7 foreign ministers began meeting in France on March 26 with the primary goal of narrowing deep disagreements with the US regarding the conflict in the Middle East, and also...
Chicago soybean prices rose to $11.63-1/2 per bushel thanks to a surge in the crude oil market.
March 20, 2026 19:02
On March 19, 2026, Chicago soybean prices rose 0.2%, following the upward trend of crude oil. Conflicts in the Middle East and inflation concerns are driving up the agricultural commodities sector.
Oil prices surged more than 5% amid the US's struggle to find allies to 'rescue' the Strait of Hormuz.
March 17, 2026 17:16
On the afternoon of March 17th, the global energy market witnessed a sharp price surge as crude oil prices jumped by more than 5%. This shock occurred amidst US diplomatic efforts to establish a coalition...
Crude oil prices surpass $100 per barrel, while global soybean prices reach a two-year high.
March 17, 2026 06:00
Geopolitical tensions in the Middle East pushed Brent crude oil prices up to $103.14 per barrel, triggering a surge in investment in agricultural and raw materials globally.
World aluminum prices fell to $3,481 per ton on March 13 due to easing supply pressures.
March 14, 2026 05:29
Aluminum futures prices in London and Shanghai fell on March 13, 2026, amid concerns about easing supply from Qatar, although geopolitical risks continued to support the week's gains.
Aluminum prices rose to $3,502.50 per ton on March 12th due to concerns about tight supply.
March 13, 2026 05:05
Global aluminum prices rose 1.32% on March 12th amid growing concerns about supply disruptions in the Middle East. The metal is nearing its highest price in nearly four years.
The global food price index rose to 125.3 points in February 2026, breaking a five-month losing streak.
March 11, 2026 08:31
According to a report from the FAO, the FFPI index increased by 0.9% in February 2026 due to rising prices of cereals and vegetable oils, although this level is still 21.8% lower than its historical peak in 2022.
Commodity prices on February 25th: Copper reaches a 2-week high, rubber hits a 1-year peak.
March 1, 2026 14:01
The trading session on February 25 saw sharp increases in copper and soybean prices due to recovering demand, while oil prices remained stable despite a 16 million barrel increase in US crude oil inventories.
Global copper prices edged lower after hitting a two-week high, while LME inventories rose to a one-year high.
March 1, 2026 09:30
On February 27th, copper prices on the London and Shanghai exchanges cooled due to a lack of new momentum, while LME inventories reached their highest level since March 2025.
Commodity market 2025-2026: Gold price increases of 60% and pressure from energy oversupply.
February 11, 2026 08:00
2025 saw a surge in gold prices, with a record 60% increase amid policy changes in the US. However, the outlook for 2026 predicts many challenges for crude oil and metals...
Commodity market update 29/1: Oil prices rise over 1.3%, world coffee prices fall sharply by 4.4%.
January 29, 2026 09:42
Crude oil prices surged thanks to an unexpected drop in US inventories, while positive production prospects in Brazil put pressure on Arabica coffee prices, causing them to plummet by more than 4%.
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