After falling 3,7% in October, energy commodity prices rebounded 5,3% in November. Prices are up 2,7% this year.
Although hybrid-electric cars are becoming commonplace, similar technology applied to airplanes comes with significantly different challenges. Aerospace engineers are addressing some of them toward the development of a more sustainable alternative to fossil fuels to power airplanes.
Worldwide sales from electronic circuit component exports by country totaled US$715.6 billion in 2018.
Overall, the value of electronic circuit component exports expanded by an average 41.4% for all exporting countries since 2014 when electronic circuit component shipments were valued at $506.2 billion. The year-over-year uptick was 15.1% from 2017 to 2018.
Energy commodity prices reversed in November, falling 3.7%. Prices are off 2.4% this year.
The market for cobots has seen an exponential boost in demand; In fact, it is the fastest growing segment of industrial automation today.
Unwrought aluminum exports by country totaled US$61.2 billion in 2018, up by 15.2% for all aluminum-shipping nations over the five-year period starting in 2014. Year over year, the value of exported aluminum appreciated by 11% from 2017 to 2018.
Energy and metal commodity prices are expected to continue to fall in 2020 following sharp declines in 2019 on a weaker outlook for global growth and consequent softer demand, the World Bank said in its October Commodity Markets Outlook.