The essential perspective on global commodities
Around the tracks: Vehicle makers lower annual forecasts amid parts shortage
A global semiconductor shortage affected vehicle makers over Q3 as they struggled to maintain production to meet firm demand. Makers such as Japan's Toyota Motor lowered its output by 400,000 vehicles over September and October, thereby also reducing its production forecast for the fiscal year ending March 31, 2022, to 9 million vehicles from 9.30 million vehicles
Commodity Tracker: 5 charts to watch this week
Our editors are keeping an eye on oil refining cracks ahead of winter, as well as potential demand from Asia as COVID-19-related restrictions ease. Tesla’s change in battery chemistry and the International Maritime Organization’s long-term emissions reduction goals are also in focus. 1. Oil product cracks see support from demand, run cuts and low stocks What’s happening? Tighter fundamentals are supporting gasoline and diesel cracks in major hubs
Steel vs plastics: race to sustainability
The steel and plastics industries, as some of the leading carbon emitters, have come under increasing pressure since the 2015 Paris Agreement, with China’s banning of 24 types of solid waste imports in 2018 proving a watershed moment for both sectors. With the recycling of steel and plastic materials seen as a key path toward decarbonization, and growing legislative efforts globally adding further pressure, demand for sustainable plastic and steel products is currently...
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