President Trump has withdrawn from the 2015 Iran nuclear agreement and re-imposed economic and sanctions that will impose restrictions on the country’s oil exports. As a result, both Brent Crude and West Texas Intermediate were near their highest levels not seen since late 2014. Despite the U.S exiting the 2015 accord, it is not clear…

The price of aluminum stabilised after three weeks of intense volatility after the United States decided to ease sanctions against United Co. Rusal. The Russian company is the largest supplier of metal outside of China and producers around 6 percent of global aluminum supply, making everything from cans to cars to aircraft manufacturing. When the…

Production cuts by OPEC and Russia over the past 16 months and the risk for Middle East conflict on the rise, crude oil prices have rallied more than 10 percent this year reaching their highest level since 2014. Higher oil prices comes as OPEC and Russia explore further cooperation and a May 12 deadline looms…

HXL has always maintained that the United States and China will avoid an all-out trade war given it would be not in the best interest for the world’s top two economies. Though President Xi Jinping’s keynote address at the recent Boao Forum for Asia offered little new policy initiatives, the Chinese leader reaffirmed pledges to…

Copper prices leapt to near four-year highs after a jump in China’s imports of the metal in November boosted expectations of stronger demand. In addition, the government has ordered its top copper producers to halt output to combat winter pollution. HXL expects the price of copper to rise to $7,400 a ton in 2018 as…

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