Energy commodity prices surged 7,7 % in November, while non-energy prices rose 0,2 percent.
Prices of industrial commodities continued to strengthen in the third quarter (q/q), while most agricultural prices remained broadly stable. In the oil market, inventories continue to fall amid strong demand, OPEC production restraint, and stabilizing U.S. shale oil production.
Global sales from auto parts exports by country amounted to US$360.6 billion in 2016. Overall, the value of auto parts exports were up by an average 3.8% for all exporting countries since 2012 when auto parts shipments were valued at $347.3 billion. Year over year, the value of global automotive parts exports appreciated by 2.4% from 2015 to 2016.
Physicists have made a breakthrough in revising methods largely discarded 15 years ago. They have discovered a microscopic mechanism that will allow gallium nitride semiconductors to be used in electronic devices that distribute large amounts of electric power.
Energy commodity prices rose 5,4 % in September, while non-energy prices rose 1,5 percent.
The ability to charge cellphones in seconds is one step closer after researchers at the University of Waterloo used nanotechnology to significantly improve energy-storage devices known as supercapacitors.
Global car exports by country were valued at US$698.2 billion for 2016. Cars represent the world’s number one export product, surpassing crude petroleum revenues handicapped by lower oil prices.