The Sangdong tungsten mine in South Korea holds one of the world’s largest single-mine tungsten reserves. After closing in the early 1990s—largely due to cheaper Chinese tungsten flooding world markets and undermining South Korea’s price competitiveness—the mine is set to resume operations next year. This revival follows the acquisition of the Sangdong mining rights by…
October 29, 2024
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. It is the most comprehensive climate law passed by the US government, committing over $400 billion to clean economy initiatives through a mix of tax credits and funding opportunities. The law has initiated a wave of green investment across the United States…
October 23, 2024
North Korea’s won has fallen in half against the US dollar since July for unclear reasons. An internal North Korean document collected by Daily NK blames perverse psychology for the trouble and warns that the won must be protected from further devaluation, suggesting high-level concerns of destabilizing inflation and a potential new banking crisis. The…
October 17, 2024
Former President Donald Trump’s campaign position to implement tariffs of up to 10 percent—or even 20 percent as his pronouncements have suggested—has grabbed the attention of the international business community. It was also featured prominently in the first and possibly only debate between Trump and Vice President Kamala Harris. Already, analysts are concerned about the…