East Asia

The "Sell America' trade is back in the news, and even though it may quieten down after reports of U.S. president Donald Trump's possible Greenland deal it's safe to assume that it won't?go away. We've done this before. Last year, the term "de-dollarization", which was coined by Trump's tariffs-based trade war, became a buzzword. Investors were worried that they would reduce their exposure to U.S.-based assets. This?didn’t happen. U.S. Treasury official figures show that foreigners purchased a net of $1.27 trillion in U.S. Securities during the first eleven months of last year. This was primarily due to a flood of...

The latest trade war and foreign policy salvos from Donald Trump are upsetting the global markets. But the question is if these ructions escalate or fade, as they did in the past 12 months. It is more likely that the latter, but it is clear that investors struggle to price the fundamental shifts in geopolitical plates. The changes that have already occurred in 2026 will be truly astounding. The Trump?administration appears to have?removed Venezuela's leader and is now the Latin American nation's defacto ruler. The threat of an American response is still present after a violent crackdown in Iran on...

Palantir's leaders announced that the U.S. tech company had clinched a contract to sell more software in South Korea, boosting its heavy industry work. A person with knowledge of the matter said on Tuesday that Palantir will receive hundreds of millions over a period of several years. Palantir has declined to comment on the terms of the agreement. The companies held a signing at the office Palantir had set up in Davos, Switzerland for the World Economic Forum annual meeting. Palantir has expanded its work with HD Hyundai since 2021, when it began working with one of the largest shipbuilders...

Palantir's leaders announced that the U.S. tech company had signed a deal with HD Hyundai to increase its work in heavy industry in South Korea. A person with knowledge of the matter said that Palantir will receive hundreds of millions over several years. Palantir has declined to comment on the terms of the agreement. The companies planned to sign at the office Palantir had?set-up for?the World Economic Forum annual meeting in Davos, Switzerland this week. Palantir has expanded the work it began with HD Hyundai in 2021, one of world's biggest shipbuilders. The companies claim that since?then HD Hyundai has...

China has praised the visit by Canadian Prime Minister Mark Carney to Beijing on Thursday, calling it a "pivotal step" in efforts to recalibrate relations following months of intensive re-engagement. The remarks by China's top diplomat Wang Yi came during a meeting between Carney and his Canadian counterpart Anita Anand. Anita is a member of Carney's delegation on this first visit to Canada since 2017. Wang stated that this was the first time in eight years that the Canadian Prime Minister had visited China. This is a landmark and pivotal moment for our bilateral relationship. Wang said that China was...

By America Hernandez PARIS, January '14 - French giant TotalEnergies signed an agreement to sell its 10% non-operated stake in the Nigerian oil asset SPDC (renamed Renaissance JV) to Vaaris. This follows a failed sale to Mauritius based Chappal Energies last year. Total retains a 'full economic interest in the?deal, which includes stakes of three other licenses that produce mainly?gases for Nigeria LNG. The company did not provide any further information on the buyer. The inability of the buyer to pay the $860 million price tag was the reason why Nigerian regulators rejected Total's first deal with Chappal Energies for...

China's crude imports increased 17% in December compared to a year earlier, and total imports for 2025 will rise 4.4%. The daily volumes of crude oil imported in December 2025 and throughout the year will be at all-time records. According to the General Administration of Customs, the world's biggest crude importer imported 55.97 millions metric tons of petroleum in December. This is equivalent to 13,18 million barrels of oil per day. The increase was 10% compared to 50.89 in November. The data shows that China will import 557.73 millions tons of crude oil by 2025 or 11,55?million barrels per day,...

Customs data revealed that China's coal imports in December rose to a "record monthly high" due to winter stockpiling and rising domestic prices. According to the General Administration of Customs, imports in December reached a monthly record of 58.59?metric tons. This is a sharp rebound from'supply constraints caused by major exporters Indonesia Australia and Russia in November. Buyers stock up on coal in anticipation of the coldest months, when heating demand drives consumption higher. A government index also showed that domestic coal prices rose to nearly a year high by the end of November. This would have led buyers to...

Next week, business and political leaders will be attending the World Economic Forum’s annual meeting in Davos to test their vision of a global economic order based on rules. The expected appearance of U.S. president Donald 'Trump' in the Swiss resort shows the difference between his agenda, and the consensus-driven approach taken by the?the?WEF. This organization has been criticized for years as a talk shop for the rich. His "America First' policy has resulted in trade tariffs as punishment, military interventions in Venezuela, a threat to take over Greenland with force, and the U.S. retreating from international cooperation on climate...

Next week, business and political leaders will be attending the World Economic Forum annual meeting in Davos to test their?vision for a global economic order based on rules. The expected appearance of U.S. president Donald Trump in the Swiss mountain resort highlights the difference between his agenda, and the consensus-driven approach taken by the WEF. It has been criticized for years that the WEF is just a rich people's talking shop. His "America First' policy has resulted in trade tariffs as punishment, military interventions in Venezuela, threats to take over Greenland and a retreat by the U.S. from international cooperation...

Donald Trump, the U.S. president, said on Monday that any country doing business with Iran will be subject to a 25% tariff when it comes to trade with the U.S. According to the latest data from the World Bank, Iran, a?member? of the OPEC oil producing group, exported its products to 147 trading partner in 2022. Fuel is Iran's largest export item in terms of value. Major imports include intermediate products, vegetables, machinery, and equipment. China is Iran's biggest trading partner. According to the World Bank, Iranian exports to China in 2022 will total $22 billion, with fuels making up...

Donald Trump, U.S. president on Monday Any country that trades with Iran faces a 25% tariff. This is because Tehran is battling its largest anti-government protests in many years. According to the latest data from the World Bank, Iran, a member country of OPEC, exports products to 147 partners. China, Iraq, United Arab Emirates (UAE), Turkey, Germany, and other countries in East Asia are among its top trading partners. Fuel is Iran's largest export item in terms of value, whereas major imports include intermediate products, vegetables, machinery, and equipment. China is Iran's biggest trading partner. According to the World Bank,...

Copper prices rose on Friday as supply concerns grew after Capstone Copper, a miner in Chile and a local trade union reported that a strike had forced the company to halt production at its Mantoverde Mine. As of 0330 GMT, the most traded copper on the Shanghai Futures Exchange had risen?0.32%, to 101,020 Yuan ($14,507.49), a metric tonne, but was expected to end the week with a loss of 1.15%. The benchmark copper for three months on the London Metal Exchange rose 1.01%, to $12.884.50 per ton. The strike was triggered after Capstone and the largest union at the mine...

Global Commodities Holdings Ltd. (GCH), a UK-based company, launched the trading of premiums on physical nickel Thursday. The initial "nickel" product that was introduced last year did not gain much traction. GCH began trading nickel products at fixed prices last year, giving the Shanghai Futures Exchange (SFE) and London Metal Exchange an additional?venue. After a nickel shortage in 2022, the LME lost many of its users' confidence. However, LME nickel volume has recently recovered. GCH reported that fixed-priced Nickel trading was not popular, as participants were unable to hedge their price risks due to the lack of tools. The new...

Polish prosecutors announced on Wednesday that European investigators had uncovered a synthetic drugs international network operated from Poland. They have seized over 9.3 tonnes of narcotics as well as arrested more than 100 suspects. Operation 'Synthetic Drugs in More Than 20 Illegal Laboratories' targeted a criminal gang accused of importing chemical pre-cursors from China and India, and manufacturing them in over 20 illegal laboratories for distribution throughout the European Union. The prosecutors said that the 'group' operated a complex supply chain. They imported large quantities of chemicals legally, which were then repackaged to be sent illegally to drug labs in...

Shanghai Copper finished off its lows on Tuesday as investors shrugged off the sluggish market and the Shanghai Futures Exchange (SHFE)'s move to increase margin requirements for certain contracts. After a drop of more than 1%, the most traded copper contract on the?SHFE?closed trading daytime up 0.04% to 101,280 Yuan ($14,544.41) per metric ton. As of 0740 GMT, the benchmark three-month price for copper at the London Metal Exchange increased by 1.10%. It now stands at $12,894.50 per ton. Red metal prices remained near record highs despite the sluggish demand for spot metals. The?SHFE also increased daily price limits and...

The Shanghai Futures Exchange increased margin requirements on certain copper contracts, which led to a drop in the price of copper in China. As of 0330 GMT, the most-traded metric ton?copper contract traded on SHFE fell 0.65%, down to 100,580 Yuan ($14440.15). However, the benchmark three-month?copper? on the London Metal Exchange gained 0.65%, to $12,836.50 per ton. SHFE announced on Tuesday it will increase the margin ratios for certain metals, including copper, silver, gold, and aluminum futures contracts, and expand daily price limits from January 22, 2019. This?move was widely seen as a way to stabilize the market, since copper...

Iron ore futures declined for a third straight session on Monday, after an accident at a Chinese steel plant sparked concerns about the demand for this steelmaking ingredient. As of 0250 GMT, the most-traded contract for May iron ore on China's Dalian Commodity Exchange (DCE), traded at 786 Yuan ($112.92) per metric ton. The benchmark iron ore for February on the Singapore Exchange fell 0.63% to $104.66 per ton. Inner Mongolia Baotou Steel Union's subsidiary, which owns the steel plate factory, reported earlier on Monday that an explosion occurred at a factory producing steel plates in China's northern region of...

A blast at a steel 'plate factory in Inner Mongolia, China's northern region, killed four people and left six others missing on Sunday. CCTV reported that rescue efforts are underway. Inner Mongolia's?Baotou Steel Union?, whose subsidiary owned the factory, said in an earlier stock exchange filing that 84 people were injured by the explosion. The?steelmaker stated that the explosion of a saturated steam and water tank?at Baotou City unit?damaged?parts of?factory equipment and buildings. It was also expected to have an impact on production at the plate-mill and adjacent facilities. The company stated that it was still assessing?the extent of losses....

The copper price rebounded Monday, thanks to a lower dollar and better-than-expected data from China, the world's largest metals consumer. After two consecutive sessions of declines, the benchmark three-month 'copper price on London Metal Exchange rose 0.6% to $12,885 per metric ton at 1030 GMT. LME copper fell to a low of one week on Friday due to profit-taking, and worries about weak Chinese demand. It had fallen from its record high of $13,407 on Wednesday. The price of coal has risen 31% in the last six months on fears that shortages may occur this year due to mine disruptions....

Iron ore futures hit a two-week low on Monday as a number of data points from China, the world's largest consumer, highlighted the?persistent weakness? in the real estate market. This raised?concerns? about the?demand? for the steelmaking ingredient. The May contract for iron ore on China's Dalian Commodity Exchange ended the daytime trading 2.58% lower, at 794 Yuan ($114.03) per metric ton. This was its lowest level since January 6. As of 0710 GMT the benchmark iron ore for February on the Singapore Exchange had fallen by 1.54% to $104.7 per ton. This was its lowest level since January 2. Official...

London and Shanghai markets have seen a surge in tin prices, which are now at all-time highs. According to the China Nonferrous Metals Industry Association, the rally is "unreasonable". Last month, it warned all parties to "avoid following trends blindly". Beijing's warning has not deterred Chinese traders from chasing prices higher and higher. On Thursday, the volume of trading in the?tin contracts on Shanghai Futures Exchange (ShFE) exceeded one million metric tonnes. This is more than double the annual global physical consumption. Tin is in a clear speculative boom, which will burst as soon as trends change. The mismatch between...

China's crude output of steel in 2025 will be below 1 billion tons, a record low. A prolonged downturn on the property market has hurt demand. Steel exports have risen to new records. National Bureau of Statistics data released on Monday showed that the world's biggest steel producer produced 960.81 millions tons of metal in 2025. This was the lowest level of production since 2018. This was a 4.4% decline from 2024. The Chinese steel industry has been struggling to make a profit since the second half 2022 due to the "persistent slowdown in the property market". Analysts said that...

The copper price fell to a new low of one week on Friday, mainly due to profit-taking following a rally driven by speculative fund managers. Meanwhile,?demand for physical copper in China was muted. Benchmark?three month copper on the London Metal Exchange fell 1.2% to $12,955 per metric tonne by 1100 GMT, after reaching its lowest level since January 9 at $12,774.5. Metal used in construction and power is down 5% from a record high of $13,407, reached on Wednesday. China's securities regulator, which is the world's largest metals consumer, has vowed to crackdown on excessive speculation following this week's near...