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Evonik's Antwerp CEO said the chemical sector faces its worst crisis since World War II and the company will cut 5 to 10% of jobs there over coming years. He called for European tariffs on Chinese imports and noted that Evonik's Lillo plant makes methionine sold to feed producers.
Job cuts and possible plant pressure at a major European methionine producer could tighten EU supply, while calls for tariffs on Chinese goods point to possible trade measures that would raise import costs.
made-in.beJilke TielemansOct 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
