Global Energy & Commodities Markets Update: China Scrap Metal, Gulf of Mexico Oil & Anti-Trump Ag Industry

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Key Points:

• China’s economic stimulus measures could be a boon for the country’s scrap-metal recycling industry for iron ore, copper and aluminum
• Gulf of Mexico oil producers just got a boost from a US court opinion that extended its scientific assessment until May 2025
• The US agriculture industry and farming lobbyists are standing up against Trump’s extreme immigration reforms ahead of elections

Insights

• “China’s metals recycling” — this is one of the headlines for Bloomberg’s Energy Daily newsletter this week.

According to the newsletter, written by Alfred Cang of Bloomberg News:

“China’s barrage of stimulus during the past few weeks has given metal bulls reason to hope that authorities can succeed in juicing demand for everything from iron ore to copper and aluminum.But overshadowed by the headline-grabbing growth efforts was an announcement that may end up doing the opposite over the longer term.China Resources…