Publications /
Policy Brief

Back
Download PDF
French Version
From a Bleak Global Outlook to Speculative Strategies: Understanding the Downturn in Metal Prices
Authors
Yves Jégourel
November 26, 2018
Related topics: 

Prices of nearly all industrial and precious metals have been on a downward trend for several months.A tightening US monetary policy and the subsequent dollar appreciation partly explain this trajectory, but it is above all the mounting global macroeconomic gloom that has depressed markets.Escalating trade tensions between the United States and China, among other countries, are not likely to be conducive to global growth and in that respect, to the demand for metals. However, not everything can be justified by market fundamentals.Speculative dynamics are clearly at work and also account for the scale of this decline.

RELATED CONTENT

  • Beacons of Hope
    Authors
    Helmut Sorge
    May 19, 2020
    The merciless COVID-19 disease threatens economic misery, with people around the world touched by anxiety and unemployment. In this context, never in recent history has so much hope centered on scientists and the studious brilliance of academic institutions. Media headlines tell the story, with newspapers around the world speaking of beacons of hope in the form of potential cures, vaccines, immune therapies, and clinical trials. Without the solutions of science, nations face long-te ...
  • Une stratégie basée sur les risques pour déconfiner l'économie et tuer le virus
    Authors
    Uri Dadush
    May 18, 2020
    Alors que commence le déconfinement de l'économie française, la grande inquiétude est de savoir comment éviter une « seconde vague » de l'épidémie. Parmi les nombreuses précautions et mesures à prendre, l’augmentation du nombre de tests et le traçage systématique des contacts sont les plus souvent mis en avant par les épidémiologistes. L'idéal serait de tester fréquemment tous les habitants du pays et ses visiteurs étrangers. Pour cela, il faudrait effectuer bien au-delà de 60 milli ...
  • Download PDF
    Coronavirus: a new disaster to be expected for the oil-producing countries of the Gulf of Guinea
    Authors
    Benjamin Augé
    May 17, 2020
    The coronavirus epidemic is weakening even further the economies of the Gulf of Guinea, which have already been particularly undermined by an oil sector that has been in crisis for several years. The rapid fall in oil prices will once again put a strain on systems that fail to reinvent and diversify themselves in order to protect themselves from the shortcomings often seen in windfall economies. In addition to the economic impact, it is likely to see the potential security and polit ...
  • السكن الاجتماعي ومتطلبات الحجر الصحي من أجل صمود مجالي مستدام
    Authors
    عبد القادر كعيوا
    May 15, 2020
    فرضت جائحة فيروس كورونا المستجد سلوكات جديدة على عادات الناس سواء في المغرب أو على الصعيد العالمي، وذلك حماية للنفس وللآخرين من انتقال العدوى. ومنذ بداية انتشار هذا الوباء، تعبأت السلطات العمومية من أجل فرض ومراقبة وتأطير هذه السلوكات قصد إنجاح عملية الحجر الصحي، أي البقاء في البيوت وعدم مغادرتها إلا للضرورة القصوى ووفق شروط محددة.  وهكذا أغلقت مؤسسات التكوين وأماكن العبادات ووحدات الإنتاج والمقاهي والمطاعم ومؤسسات الترفيه، ووضعت ضوابط لفتح الأسواق الأسبوعية ومؤسسات التجارة الغذائي ...
  • Download PDF
    Négociations commerciales entre le Royaume-Uni et l'Union européenne durant la pandémie Covid-19 : Défis et possibles solutions
    Authors
    Hamza Mjahed
    May 15, 2020
    La crise du Covid-19 a fortement entravé les négociations d'un accord de libre-échange entre le Royaume-Uni et l'Union européenne (UE). Étant condamnée à des obstacles, à la fois temporels et politiques, la perspective de parvenir à un accord avant le départ prévu du Royaume-Uni du marché unique de l'UE le 31 décembre 2020, semble de plus en plus compliquée. Londres et Bruxelles devraient considérer une sortie du Royaume- Uni sans accord comme une conclusion indésirable des négociat ...
  • Implementing the SDGs in the Time of Covid-19
    May 14, 2020
    The coronavirus outbreak has caused unprecedented and serious challenges throughout the world, including Africa. The pandemic has barely reached the sub-Saharan Africa, about 1% of all cases reported globally. However, the Continent will most likely be disproportionately affected by the...
  • Download PDF
    Refugees facing Covid-19: a double burden
    Authors
    Mohammed Loulichki
    May 14, 2020
    The worldwide spread of the Covid-19 pandemic has had a severe human impact, mainly in the United States and Europe. For the time being, Africa seems to be less affected, based on the relatively small number of infected people and deaths. Several explanations have been put forward to support this finding, ranging from hot climates to acquired immunity from previous health challenges to traditional miracle cures. In their management of the new epidemic, African countries must logical ...
  • Download PDF
    Morocco and Covid-19: Agility, cohesion, innovation
    Authors
    Hynd Bouhia
    May 14, 2020
    Morocco is today cited as an example for its dynamism, its leadership, under the impetus of His Majesty King Mohammed VI, and, above all, its coherence in decision-making and the involvement of the population, through the Covid-19 Special Fund and the media to maintain public confidence. Indeed, the safety of the Moroccans was given priority over all other considerations, which made it possible to speed up the handling of the events and to supervise the management of the contaminate ...