Suddenly after trending side ways around the 32 dollar level the price has spiked upward to the 37 dollar level. What has caused this leap in Fidelity China Region?
I see no reason for the metal industries in the U.S. to suffer from the dumping of overcapacity by the Chinese metal producers with no tariffs tied to reducing Chinese industries massive use of dirty coal to smelt metals.
China is now the Worlds biggest air polluter and ships aluminum and steel produced by coal at unfairly low
prices to other countries. It's time to tie a extra cost to these imports of metals produced in dirty coal fired plants.
China is back to dumping their over steel capacity on other nations all the while increasing the burning of coal in their steel industry, causing increasing greenhouse gas pollution along with making steel at cheaper prices than steel produced in other countries.
For poor production prospects. CVX also gave up on shale oil prospects in Poland not only Romania.
We are near the bottom and crude oil will start to stabilize and move slowly up. The equities held in this fund appear to be some of the best and will recover their value before long.
The recent downward warp in oil prices has resulted in less deep-water rigs activities and generally lower market prices of Oil sector shares. This will eventually reverse.
The U.S. is putting in place tariffs on steel tubing products from South Korea and a number of other countries.
U.S. steel tubing for production of wells and the fracking industry are priced higher than the imports. The LA Times carried a article on this today July 11, 2014
Not likely now that the U.S. is slapping a tariff on steel from South Korea and other Asian countries.