Commodities, Business & Shipping (and Tariffs)

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Elon Musk went on a media blitz. Here are 5 takeaways from his interviews.​

  • Elon Musk gave media interviews to Bloomberg and CNBC on Tuesday.
  • Musk has faced calls from investors to spend less time on DOGE and focus on Tesla.
  • Musk reaffirmed his commitment to Tesla during his media blitz.
In a media blitz on Tuesday, Elon Musk spoke about his commitment to Tesla, his political spending, and the coming launch of Tesla's robotaxi service in Austin.

For months, the Tesla CEO has been deeply involved with the White House's DOGE office. During that time, the company has faced protests and seen its stock slide. In March, he said his companies are suffering because of his government work.

In a Tesla earnings call last month, Musk said he'll scale down his involvement with DOGE to spend more time on Tesla.

More:

https://www.msn.com/en-us/money/com...S&cvid=f8cb69b77ebe4209a6356781110e67f7&ei=23
 
gcaptain.com

Warning Shot: GRIs Reveal Carrier Playbook Amid Tariff Rush

General rate increases (GRIs) give a “clear indication of ocean carrier intentions”, and raise alarm bells for their clients with long-term contracts.
gcaptain.com gcaptain.com

gcaptain.com

U.S. Celebrates National Maritime Day 2025 Amid Historic Policy Push

The United States marks National Maritime Day 2025 today with renewed focus on strengthening its maritime sector. Department of Transportation Secretary Sean Duffy highlighted the critical role of Merchant Mariners,...
gcaptain.com gcaptain.com
 
Canada is dumb.

Notwithstanding the erroneous news reports which circulated on both sides of the border earlier this week, Canada’s retaliatory tariffs against U.S. precious metals imports – including a 25% surcharge on gold, silver, platinum, and palladium products – have not been lifted or lowered, and remain in effect, according to Canadian government.
...
“The scope of products covered by Canada’s counter-tariffs, including those on certain precious metals, remains unchanged.”

And based on the latest Canadian government data, the impact on trade in precious metals between Canada and the United States was swift and significant.

According to a May 6 report from Statistics Canada, “Canadian exports of metal and non-metallic mineral products decreased 3.2% in March, but that was mainly the result of lower exports of unwrought gold, silver and platinum metals (-8.9%),” the report noted. This means Canadian exports of precious metals declined as much as “[e]xports of basic and semi-finished iron and steel products (-9.0%), even though the precious metals products were “out of scope for the steel and aluminum tariffs.”

And while Canadian imports of U.S. “metal and non-metallic mineral products” fell 15.8% in March – a very significant decline in its own right – the impact on precious metals was far more dramatic.

“As was the case with exports, imports of unwrought gold, silver and platinum metals (-69.7%) were by far the largest contributor to the decline,” Statistics Canada noted.
...
Click to expand...

www.kitco.com

Canada’s tariffs on U.S. precious metals imports have not been lifted – Finance Department

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com www.kitco.com
 
If this is true and it were to be deployed in certain neighborhoods I don't think it would last too long.

 
eutoday.net

Danish-French Consortium Secures Greenland Mining Permit Amid U.S. Interest - https://eutoday.net

The permit was awarded to Greenland Anorthosite Mining (GAM), which is developing a site near the Qeqertarsuatsiaat fjord in western Greenland. The company is
eutoday.net eutoday.net

www.mining-technology.com

Greenland grants 30-year anorthosite mining licence to Greenland Anorthosite Mining

Greenland Anorthosite Mining has been granted a 30-year exploitation license for anorthosite mining in West Greenland.
www.mining-technology.com www.mining-technology.com
 

How Gulf Oil Giants Are Buying Global Power​

May 23, 2025

Over the last decade or so, Gulf sovereign wealth funds backed by the region’s royals have turned their attention to a new arena: sports. They’re investing tens of billions of dollars around the world to gain returns, diplomatic sway and soft power. From football to Formula 1 and more, oil-rich countries including Saudi Arabia, the United Arab Emirates and Qatar view the industry as a gateway to more global influence.


10:56
 
Fearnleys Week 21

www.drewry.co.uk

World Container Index - 29 May

29 May 2025: Drewry’s World Container Index increased 10% to $2,508 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Baltic Exchange Dry Index - Price - Chart - Historical Data - News

Baltic Dry increased 356 points or 35.71% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on May of 2025.
tradingeconomics.com tradingeconomics.com
 

Wall Street Breakfast Podcast: Banking Titans In Early Talks For Shared Stablecoin​

Summary​

  • Top U.S. banks are exploring a joint stablecoin, pending regulatory clarity and market demand, as the GENIUS Act advances in the Senate.
  • FTC has officially dropped its lawsuit against Microsoft’s Activision Blizzard acquisition, clearing the way for the $68.7 billion deal to close.
  • Disney is suing to block YouTube from hiring a former executive, citing breach of contract and aiming to protect its ESPN streaming strategy.
  • Premarket movers include Ross Stores, down 11% on tariff concerns, while markets open lower and key Fed officials are set to speak today.
More:

 
Trump said:
The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!
Click to expand...

 

Trump calls for 50% tariff on EU, says he’s ‘not looking for a deal’ with bloc​

  • President Donald Trump said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.
  • The announcement came after Trump threatened to impose a tariff of at least 25% on Apple if the company does not start manufacturing iPhones in the United States.
  • Trump later said he is “not looking for a deal” with the EU.
  • Stock futures sank following Trump’s posts.
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

The steep new import duties would start June 1, Trump wrote on Truth Social.

The EU “has been very difficult to deal with,” Trump wrote of the 27-nation bloc. “Our discussions with them are going nowhere!”

More:

 
Brownfield Ag News

Cattle placements down 2.6% from last year | Weekly Livestock Market Update​

May 23, 2025 • #cattle #placements #agriculture
In this episode, Meghan Grebner and Josh Maples discuss the current state of the cattle market, including cattle on feed numbers, market prices, and the economic factors influencing producers' decisions. They explore the implications of interest rates, slaughter numbers, and the impact of weather on cattle expansion. The conversation also touches on risk management strategies for producers in light of fluctuating prices and market conditions.

Cattle placements down 2.6% from last year | Weekly Livestock Market
 
This one is a bit different. Has to do with moving cargo (supplies) during WWII.

What's Going on With Shipping: 1942 Edition with Historian Jon Parshall​

May 25, 2025 #worldwar2 #shipping #maritime #naval #history
In this episode, Sal Mercogliano — a maritime historian at Campbell University (@campbelledu) and former merchant mariner — discusses with historian Jon Parshall the global shipping situation in 1942 and his new book, 1942: The Crux of War. In this episode, Jon discusses the shipping situation in the Mediterranean, Pacific, and Atlantic and how it was easier for the Allies to move a ton of cargo across the oceans but the Axis could not.


1:09:15

00:00 Introduction\
05:57 Background and Big Ocean Picture
14:31 Mediterranean
25:05 Pacific
47:57 Atlantic
 

Best Places to Find Free Copper for Scrapping​

May 25, 2025
📈 Check Scrap Prices: https://iScrapApp.com/ - In this video, Tom shares the best places to find free copper without breaking any laws or safety rules. Whether you’re a seasoned scrapper or just starting out, this guide will help you discover underrated sources of copper hiding in plain sight—right in your home, on the curb, or through smart networking.
👉 Read more: https://iscrapapp.com/blog/where-to-f...


5:13
 
www.highnorthnews.com

Life In Borderland

Kirkenes, Northern Norway: Dear reader. "The High North is Norway's most important strategic investment area," chanted the authorities. But the people clinging on to maintain a settlement on the border with Russia's nuclear weapons do not see any signs of that.
www.highnorthnews.com www.highnorthnews.com
 
Registration is free.

www.freightwaves.com

Borderlands Mexico: Tariffs, language rule hit cross-border trucking

This week in Borderlands Mexico: Tariffs, language rule hit cross-border trucking; Kuehne+Nagel opens border logistics facility in Texas; Kuehne+Nagel opens border logistics facility in Texas; German automotive supplier expands in Mexico; and Sabine-Neches Waterway project secures $172M grant.
www.freightwaves.com www.freightwaves.com
 
Reuters

Take Five: Chips and trouble in bond land​


(Reuters) -Chip behemoth Nvidia is closing the U.S. earnings season, as investors digest the appearance of the bond vigilantes in the usually rather sedate corner of long-term government debt.

Central banks in Australia, New Zealand and South Korea hold rate meetings as inflation data from around the globe provides evidence of the economic fallout from the tectonic shifts in U.S. trade policy.

Here's your look at the week ahead from Dhara Ranasinghe, Samuel Indyk and Sinead Cruise in London, Lewis Krauskopf in New York and Kevin Buckland in Tokyo.

More:

https://www.msn.com/en-us/money/eco...ble-in-bond-land/ar-AA1FtxZP?ocid=socialshare
 
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