Tag Archives: China

India mines more iron ore than it needs

iron

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India currently mines more iron ore than domestic industry requires to produce iron and steel. About 220 million tons got mined last year; only 75 million tons was needed within India. The rest 60 per cent was exported. Continue reading

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Ivory prices hit the sky, push poaching up

In just the last eight years the price of illegal ivory has increased 15 fold from US $100 a kg to $1500 a kg.

In 1999 Japan was the only legal buyer of ivory. In 2008 it was joined by China. The three biggest illegal ivory markets are in China, Japan, and Thailand. Continue reading

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Jumbo deaths in Tanzania: is poaching metric accurate?

The poaching metric in places like Tanzania, as in most parts of Africa, is window-dressed. To claim that their elephant population is in good health it’s calculated at the ratio of carcass to live elephants. Tanzania claims it has a poaching metric of just two per cent. Continue reading

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Fine wine and crude oil dance in step …

A bottle of the best wine can cost over $5000, whereas an equivalent volume of crude oil (about a liter) sells for a dollar or less. The bottle of wine may taste a little rough, yet fine wine and crude oil have more in common than you may think. Their prices have risen and fallen in step in the last 15 years.

Wine experts usually explain the price movement by supply-side factors such as weather and age. But supply has only a small impact on prices. Continue reading

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