LAUNCESTON, Australia - Next month’s launch of an international copper contract in China comes at an opportune moment, as the world’s largest importer and consumer of the industrial metal shows once again just how much it dominates the market discourse.
The new contract will be traded in yuan, but unlike its competitor, will exclude tax and customs duty, and delivery will be into bonded warehouses. Where the INE crude contract has perhaps fallen short is that it has not become a global, or even a regional, benchmark. Although China is the world’s largest crude oil importer, its current share of about 15% of global consumption, while large enough to be significant, is not quite enough to dominate world trade.In copper, China has a far more important role, however, being responsible for about just under half the world’s production of copper and copper alloys semis, the industry term for the first-stage products produced from refined copper.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Column: They're young and don't love Biden, but can't take any more of Trump“Young people of all ages are fed up': Trump has awakened young voters, turned bystanders into activists and brought them to a common cause. it isn't about loving Biden. its about loving america and america is dying because of rump 220k dead Americans. and more dying right now Right. This election is not about the candidates, but the American soul that once we had.
Source: latimes - 🏆 11. / 82 Read more »
Column One: She's pregnant, she has COVID-19, and she can't breatheVery little is known about the impact of COVID-19 on women and the babies they carry. wow cheetohitler lying.. He would never do that
Source: latimes - 🏆 11. / 82 Read more »
Column: This year's political ads: The good, the bad and the deceptive2020 campaign ads mirror the candidates they represent. Trump's are angry, negative and often dishonest. Biden's are calmer and easier on the nerves. They're all deceptive...every one of them from every candidate in every party. How anyone can moan about 'disinformation' and be ok with them is laughable.
Source: latimes - 🏆 11. / 82 Read more »
Column: An 'unrelenting belief' helped Brett Phillips become the Rays' hero in Game 4A soft liner by the Rays' Brett Phillips, who hadn’t had a hit since Sept. 24, set off a chain of events that beat the Dodgers in World Series Game 4. 😯 That's nice. It ain't over, though. That error from the dodgers was too naive, given they are pro players.
Source: latimes - 🏆 11. / 82 Read more »
China says looking into unfair competition on e-commerce platforms: XinuhaChina's market regulator and other government departments have launched an exercise focused on e-commerce, with plans to crack down on areas such as unfair competition and the illegal trading of counterfeits or wildlife, state news agency Xinhua said. thanks Misspelling Xinhua? WORK, CONSUME & SHUT YOUR MOUTH
Source: Reuters - 🏆 2. / 97 Read more »
Donald “Tough on China” Trump Has a Secret Chinese Bank AccountTrump strangely never mentions his secret Chinese bank account when screaming about how the U.S. would be “owned” by China under a Biden presidency The 'secret' bank account that was so secret that he reported it on his taxes and so relevant because he closed the account in 2015? Bull_ _ _ _ Damage control, eh?
Source: VanityFair - 🏆 391. / 55 Read more »