It is forgivable to have felt quite uneasy in the last few days, weeks and months if news reports have been followed. There have only been conflicts, problems and challenges everywhere, to an extent never felt before. And on…
Sayin’ It And Doin’ It Are Two Different Things
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说得容易,做起来难
Research by the major French bank BNP Paribas expects the global economy to be resilient in the fourth quarter of 2025 despite increased political and geopolitical instabilities. The present weak phase is seen as temporary and not an ongoing trend. This basically very good and optimistic statement cannot, however…
(Not) learning from mistakes
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(未)从错误中吸取教训
The real economic markets are (still) in a waiting position as long as there is not any clarity in the USA trading policy and the future of global economies. There is a certain reassurance in the question of tariffs due to diverse bilateral agreements, or perhaps expressed better as “deals”, between…
“The kid gloves are off, the boxing gloves are on”
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“软手套已脱,拳击手套该戴上了。”
There is still a tough struggle between the USA and the other states over the general tariffs imposed by the USA on imported goods. It is about finding the tariff rate which would be acceptable for the other countries but at the same time…
There is no applause
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此处无掌声
The physical nickel market continues to be well supplied. However, prices, including for nickel pig iron (NPI) from Indonesia, are at such a low level that both traditional manufacturers and producers of NPI are finding it difficult to make money (see also below). Therefore, nickel companies are thinking about how…
Greetings from Emperor Nero
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来自“尼禄皇帝”的问候
The 3 months nickel future price on the London Metal Exchange (LME) has recovered again, almost as quickly as it sharply fell to below USD 13,900.00/mt at the beginning of April. Almost all markets worldwide, as a consequence of the trade war escalating between…

































