Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.15 | +0.10 | +0.05 | +0.05 | +0.00 | -0.05 | -0.29 | -0.05 | -0.05 | +0.00 | +0.10 | +0.15 |
Raw materials ended the month neutral despite China’s export restrictions on gallium and germanium, which buoyed sentiment within strategic mineral segments. The broader sector, however, saw limited upward pressure as gains were confined to narrow technology-critical minerals rather than across the wider base of industrial and bulk commodities. Market-moving focus remained on supply chain recalibrations rather than broad scarcity, keeping overall sentiment contained.
How this mood is scored ▾
China will require export licenses for gallium and germanium, critical in semiconductor production, citing national security. As the world's top supplier, controlling 80% of global output, China's move escalates trade tensions with the U.S. and could disrupt global chip supply chains amid escalating tech restrictions.