As I noted in my article on Rio Tinto, published on 31 January 2023 the impressive rebound in iron ore prices has been explained by robust demand, strengthened by resilient Western economies, and re-opening of China’s economy after the relaxation of Covid-related lockdowns. ![]() While it is easy to explain the recovery in coal prices the exponential multiplication of natural gas prices due to the cut-off of Russian supplies, the explanation of the rebound in other metal prices is less obvious. Coal is trading today at half the September peak, but still four times the levels of two years ago. This has been reflected in bumper profitability reaped by BHP in coal last year. Coal, which has been in the doghouse for years, has witnessed a tenfold multiplication its market price from October 2020 to September 2022. And then the rollercoaster swung again, raising iron ore price by 55% since it’s the bottom of last November, while copper is up by 30% since September. All of them took a nosedive a few months later, with iron ore dropping by 60% to a bottom of USD 86 per tonne in November 2022, while copper dropped by a third to USD 3.4 per tonne in September 2022. In May 2021, iron ore reached a peak of USD 215 per tonne and copper reached USD 4.7 per pound. After a brief, steep dip in prices last year, recovery has been as fast and as steep. Take last year the combo of inflation, interest rate rises, the war in Ukraine and prospects of recession have initially given a hit to commodity prices, and to commodity-linked stocks. Every time one crisis happens, another anti-crisis happens to keep commodity prices supported – and the cash gushing into BHP’s coffers. Investors in BHP ( OTCPK:BHPLF) have had it good all the way for many years now. dollars), Statista, 2018ĤQuick Service Restaurants Market in the U.S.Ryan Pierse/Getty Images News Resilient Commodity Prices Combined with Production Growth Underpin Sustainable Shareholder Returns ![]() From packaging ideas, to café and coffee shop concepts, to how to offer samples in your school, Good Times Café brings fast-casual style to your school meal program.ĢStatistic Brain, Fast Food Eating Statistics, 2017ģRevenue of the quick service restaurant (QSR) industry in the United States from 2002 to 2020 (in billion U.S. 5Įxplore Good Times Café to find recipes, inspiration, downloads and helpful articles. Gen Z (those born after 1995) spend 1/5 of their budget on food and prefer fast-casual restaurants at a 50 percent greater rate than full-service restaurants.The main forces driving fast-casual growth include customization, on-the-go options and food packaging innovations.The fast-casual industry as a whole increased its revenue 25% between 20, and is expected to increase 41% by 2020.³.Children make up a large percentage of fast food sales, with one in three kids age 2 to 19 eating at fast-casual concepts daily.².Fast-casual restaurants such as cafés and coffee shops are poised to be the fastest growing dining segment in the US over the next five years.¹.They’re accustomed to elevated fast food: ready-in-minutes items with enticing names and diverse flavors, customizable options to suit their varied tastes and diets, and everything to-go. K-12 students are growing up in an age of fast-casual mania. ![]() Good Times Café makes your cafeteria a place where kids can feel safe and happy while enjoying the food they love. Turn your entire lunchroom into Good Times Café, or incorporate ideas, recipes and pieces from it. Packed full of ideas, tips, free downloads and more, it’s both an online resource for school food programs AND an authentic café concept to wow students with. Good Times Café is a customizable café concept developed specifically to help you bring irresistible fast-casual style to your K-12 meal program.
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