Tungsten prices surge 557 percent as China tightens export controls

Global tungsten prices have soared to record levels after China tightened export restrictions on the strategic metal, triggering supply shortages that are affecting defense and technology industries worldwide. The price of ammonium paratungstate, the main benchmark for tungsten trading, has climbed above 2,250 dollars per metric ton unit,......

Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens

Oil prices climbed above 100 dollars per barrel at the start of the week as the conflict involving the United States, Israel, and Iran entered its third week, raising concerns about prolonged disruption to global energy supplies. West Texas Intermediate, the main United States benchmark, rose to around 100 dollars per barrel, while Brent......

US Treasury Secretary Bessent calls talks with China in Paris constructive

US Treasury Secretary Scott Bessent described the recent economic and trade discussions with Chinese representatives in Paris as “constructive,” highlighting the stability of the bilateral relationship. Speaking to reporters after two days of meetings, Bessent emphasized that the talks demonstrated a willingness on both sides......

Asian markets fall as oil holds above $100 amid Iran war

Asian financial markets opened lower Monday as investors prepared for another volatile week, with oil prices remaining above 100 dollars per barrel and no clear end to the conflict between the United States and Iran that has effectively disrupted shipping through the Strait of Hormuz. Futures tied to United States equities also signaled a......

China industrial output and retail sales beat forecasts early in 2026

China’s economy started 2026 stronger than expected, with industrial production and retail sales both exceeding forecasts in the January to February period, according to data released Monday by the National Bureau of Statistics. Industrial output rose 6.3 percent year on year during the first two months of the year, accelerating from......

South Korea tanker operator Sinokor gains windfall as Strait of Hormuz crisis drives shipping rates

The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs, have surged above $400,000 and in some......

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