China has moved to release the first batch of aluminum, zinc and copper reserves into the market, the National Food and Strategic Reserves Administration announced. The move, experts said, sent a signal about the government’s readiness to crack down on price speculation following steep price surges of bulk commodities. The government has decided to release …
Disruption in the global container shipping industry shows no sign of being resolved quickly and could lead to shortages in the run-up to Christmas, say industry experts. An outbreak of Covid-19 in Guangdong province in southern China has caused acute congestion at the region’s ports. As a result, shipments have been delayed, exacerbating tensions within …
Disruption to shipping could delay Christmas orders Read More »
The sale of halogen light bulbs will be banned in the UK from September, cutting carbon emissions by an amount equivalent to removing half a million cars from British roads. Sale of high energy fluorescent lights will also begin to be phased out under the government’s climate plans. The ban on halogen bulbs will reduce …
Sales of Halogen Bulbs To Be Banned in UK from September Read More »
The launch of unusual one-off ship charters by forwarders DSV Panalpina and Geodis underscores the urgent need for guaranteed Asia-Europe capacity in a chronically constrained market where few options are available. With demand outstripping container vessel space and equipment in short supply, traditional alternatives to ocean freight such as air, intermodal rail, and trucking outbound …
Chaotic ocean market driving forwarder ship charters Read More »
Semiconductors will be in short supply for some time to come yet, according to analysts that monitor the industry. Today, chips are in everything from PlayStation 5s and toothbrushes to washing machines and alarm clocks. But there’s not enough to go around – it’s a multifaceted issue that shows no signs of abating, leading some …
The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025. In a note Tuesday, Bank of America commodity strategist Michael Widmer highlighted inventories measured in tons are now at levels seen 15 years ago, implying that stocks …
China’s aluminum prices will rise steadily and domestic smelters will continue to enjoy healthy profit margins in the first half of 2021 thanks to production curbs and destocking driven by economic recovery and strong demand, Henan Shenhuo Group’s chairman Li Wei said on the sidelines of the National People’s Congress and the Chinese People’s Political …
China’s Aluminum Prices To Rise Steadily in H1 2021 Read More »
The ongoing global chip shortage has roiled the automotive and consumer technology industries for months. But the ripple effects of the crisis, which could last into 2022, stretch far beyond automakers idling plants and consumers waiting longer for the latest gaming consoles. According to an analysis by Goldman Sachs (GS), the semiconductor shortage touches a …
Lighting Industry Is Being Hit by the Global Chip Shortage Read More »
More liner disruption caused by the week-long Suez blockage has pushed freight rates upwards again with the SCFI reaching a new historical high on 23 April. Traffic through the Suez Canal was blocked for 6.5 days by the grounded vessel EVER GIVEN (20,388 TEU). This blockage delayed many ships by one or two weeks, forcing …
Suez Canal Blockade Pushes Freight Rates Further Upwards Read More »
According to TrendForce latest report, the COVID-19 pandemic is expected to be eased in 2021. Automotive LED, video wall and lighting market demand is expected to recover, and demand for Mini LEDs will take off as well. In addition, horticultural lighting and UV LED market demand will consistently grow quickly. According to TrendForce, the LED …
LED Market Value in 2021 is Projected to Increase to USD 16.531 Billion Read More »
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