Chinese Investors Find Silver Lining in a Niche Commodity
A glassmaking ingredient is a reminder that the country’s speculators are alive and well.
A worker cleans glass near a shopping center in Chongqing, China.
Photographer: Qilai Shen/BloombergWelcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, Senior Reporter Alfred Cang delves into the trouble with speculative commodities trading in China. Click here to read about Rio Tinto Group’s view on peak steel. To get this newsletter sent straight to your inbox, you can sign up here.
Commodities bulls are having a good few weeks. Brent, the global crude oil benchmark, has just crossed $95 a barrel for the first time since November, while iron ore is changing hands at over $120 per ton. Even copper has pared losses and is back to levels where it began the year.