The price of lithium may have fallen and Albemarle may consider them to be “unsustainable”, but Exxon isn’t giving up on its lithium expansion plans, Exxon’s lithium global business manager said in…
Month: April 2024
Bitcoin whales not selling despite $70K — BTC holdings growth ‘is going parabolic’
Bitcoin addresses holding at least 1,000 BTC are climbing again despite the BTC price reaching over $70,000 for the first time. Bitcoin whales are not in a rush to sell into the…
ADM Under Investigation for Accounting Procedures
US prosecutors are investigating Archer Daniels Midland due to their accounting procedures. The chief financial officer of the global agricultural commodities trader was put on leave last month while an internal investigation…
Germany closes down last remaining nuclear plants
Germany will close down its three remaining nuclear reactors this weekend, marking the end of an era in its energy history. Germany closed over 18 GW of…
Loophole Allowed Russia to Earn $1.2 Billion From Fuel Sales to the EU
An EU sanctions loophole that allows imports of Russian crude if it’s refined elsewhere made Russia an estimated $1.2 billion (1.1 billion euros) from sales of fuels in the European Union last…
Are China’s Oil, Coal, and Iron Ore Imports a Sign of Strength or Concern?
News coming out of China indicates the country set new records in 2023 for the import of crude oil, coal, and iron ore. The revelation caught many by surprise, but analysts caution…
EU Not Interested in Extending Russian Gas Transit Deal via Ukraine
The European Union (EU) has “no interest” in extending the transit agreement for Russian natural gas supply to EU countries via Ukraine, EU Energy Commissioner Kadri Simson said on Thursday. The gas…
COP28 did little for climate goals. India needs centre-state teamwork before next stocktake
India was one of the advocates for holding a global stocktake exercise and has offered to host the second global stocktake, COP33. In the preparation of next Nationally Determined Contributions 2025-2030, India…
Global Food Commodity Prices To Fall In 2024
Global food commodity prices are set for respite in 2024 after three years of record highs caused by war, adverse weather and rising energy and input…
World coal market: brief overview
Last week thermal coal indices on the European market surged up to 110 USD/t, driven by the introduction of sanctions against major Russian coal companies (SUEK and Mechel) as well as strengthening…