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Bismuth prices hit decade-high as China tightens export controls
China’s decision to impose export controls on bismuth has sent prices soaring to a decade-high, underscoring the growing importance of this niche but critical metal in global trade tensions. Bismuth, widely used in defense applications, automotive coatings, paints, and low-temperature alloys, has surged 38% to $8.25 per pound…
February 17, 2025 -
China moves to curb copper overcapacity but stops short of hard limits
China is taking steps to rein in the unchecked expansion of its copper smelting industry, though the new restrictions are more likely to slow growth rather than halt it altogether. Last week, eleven government ministries jointly issued a policy linking smelter capacity expansions to the ability of firms to secure their own ore supply…
February 17, 2025 -
With U.S. support waning, Europe confronts a costly military reality
Europe is facing a moment of reckoning as it grapples with the financial burden of defending itself in the wake of U.S. President Donald Trump’s declaration that Washington will no longer bankroll European security. With Russia waging war on Ukraine and NATO allies under pressure to boost military spending, European governments…
February 17, 2025 -
China’s tariffs on U.S. energy imports to reshape global coking coal trade
China’s retaliatory tariffs on U.S. energy imports are expected to have the most significant impact on the seaborne market for metallurgical coal. Beijing imposed a 15% tariff on U.S. coal and liquefied natural gas (LNG) and a 10% tariff on crude oil on February 4 in response to President Donald Trump’s additional 10% tariff on all imports…
February 17, 2025 -
India-U.S. trade expands 8% amid talks on new bilateral trade deal
India’s bilateral merchandise trade with the United States grew by approximately 8% to surpass $106 billion in the ten months through January, a development that Indian officials say will be further bolstered by a proposed trade agreement between the two nations. This follows discussions between Prime Minister Narendra Modi…
February 17, 2025 -
Trump signals possible Russia sanctions rollback, raising EU concerns
Donald Trump has long expressed skepticism about economic sanctions, yet he has hinted at using them as leverage to push Russian President Vladimir Putin into negotiations over Ukraine. As the two leaders prepare for a potential meeting, speculation is growing over whether Trump might soften or even lift the extensive…
February 17, 2025 -
Trump eyes 25% auto tariffs, shaking up global supply chains
President Donald Trump reinforced his aggressive trade stance on Friday, signaling that tariffs on automobiles could take effect as soon as April 2. His announcement came just a day after directing his economic team to draft plans for reciprocal tariffs against countries that impose duties on U.S. imports. The move follows a series…
February 17, 2025 -
Western aerospace giants expand sourcing from India as supply chains shift
Western aerospace giants such as Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are increasingly sourcing components from India, fueling the country’s growing aerospace sector and pushing local firms to scale up their capabilities. Bengaluru-based suppliers Hical Technologies and JJG Aero are among the Indian companies…
February 17, 2025
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