HAMBURG, Oct 19 (Reuters) – German and European industry faces disruption from tight global supplies of magnesium, the country’s association of metals producers WVM said on Tuesday. European magnesium stocks are running down and shortages are in sight because of lack of supplies from China, the association said in a letter to the German government....
TOKYO — China’s curbs on carbon-intensive industries and the ensuing energy crisis have scrambled supply and demand calculations for some of the world’s key commodities, sending prices on a wild ride that market players say may not yet be over. Directives from Beijing this year have crashed prices for iron ore and inflated those for aluminum,...
Running out of time to get its products on store shelves ahead of the holidays, the Basic Fun toy company made an unprecedented decision: it is leaving one-third of its iconic Tonka Mighty Dump Trucks destined for the US in China. Why? Given surging prices for shipping containers and clogs in the supply network, transport costs to...
Guangdong-based factory owner and bicycle maker Derrick Tian finally secured a container at the end of September for a new shipment of bikes leaving Yantian Port in southern China, after weeks of searching. Shipping congestion caused by on-and-off lockdowns to contain the coronavirus has wreaked havoc on his business, making it even harder for Tian...
Power outages in China, chaos in Britain’s petrol stations, factory closures in Germany – supply chain problems around the world are threatening to gnarl up a global recovery as countries try to re-emerge from pandemic-induced recessions. This week saw a number of examples of the supply chain issues currently dogging economic activity across the globe...
The fluctuating Covid-19 outbreak in China – with another 28 new local cases recorded by the end of Wednesday – is raising concerns the spread of the virus might disrupt next month’s week-long National Day holidays. The National Health Commission said 20 of the new cases were in Fujian province, with 17 in Xiamen and three...
As this year’s three-day Mid-Autumn Festival holidays drew to a close on Tuesday, spending data – especially tourism and the box office – again took the spotlight as a measure of China’s economic resilience. A total of 88.16 million domestic tourist trips were made nationwide during this year’s holidays, equivalent to 87.2 percent of the...
China’s largest trade fair has been cut to just five days from 15 days following the recent coronavirus outbreaks in southern China. The biannual Canton Fair in Guangzhou, Guangdong province, which has been held since 1957, will resume in person activities from October 15 after holding the past three events online, but outbreaks in the...
In the article Italy and its commercial relationship with the world, we talk about the main products that this country exports to the world, and wine is one of the most representative of the nation, since it is part of the daily life of a large part of the Italian population, and it is distinguished...
In our last article about Italy and its commercial relationship with the world, we talked about the key economic sectors of this country, with the secondary sector representing 21.4% of the GDP. The country’s industrial activity is mainly concentrated in the north, in cities such as Turin, Milan, and Venice. It is important to mention...