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China plans to accelerate the development of a new energy system and play an active role in the global governance against climate change, President Xi Jinping said Oct 16 in a speech at the opening of the Chinese Communist Party’s 20th National Congress in Beijing. The comments underscored the positioning of energy transition and new […]

En+ issued a warning Oct. 14 noting the harmful consequences that could ensue from recent speculation that the US government is considering actions to block aluminum imports from Russia. “Irresponsible market speculation of this sort only benefits our competitors who have publicly advocated for restricting our market access but hurts the American consumer and the

US energy manufacturing is set to grow dramatically under the Inflation Reduction Act, but manufacturing capacity will still fall short in the near term to meet the needs of the renewable and transmission sectors, according to industry and government officials. “What keeps me up at night is certainly a lot of the concerns around supply

Europe will likely manage a drop in Russian natural gas supplies this winter as the war in Ukraine grinds on, but upcoming heating seasons will stress the continent’s ability to meet energy demand, experts said during the Columbia Global Energy Summit in New York. Russian pipeline flows, which met about a third of the European

China’s excavator sales rebounded in September from the previous month, but a sharp slowdown in property construction and COVID-19-related restrictions are expected to continue to drag on economic growth and steel demand. Excavator sales are a key indicator of construction activity in the country, a critical sector to gage steel demand. China’s domestic excavator sales

Dry bulk shipping may continue to face significant headwinds in the fourth quarter of 2022 on the back of geopolitical uncertainties, China’s zero-COVID containment policy and a weak global economic outlook with recessionary risks sparking slowdown fears in key markets, and possibly stemming seaborne trade demand. Over the third quarter of this year, time charter

For access to all regions in the US Power Tracker series, subscribe to Platts Dimensions Pro . Milder weather, weakening natural gas prices and stronger renewable output brought a steep month-to-month drop the Electric Reliability Council of Texas’s September power prices, but they remained much higher than September 2021. Judging by forwards, power traders perceive

Global coal miner Glencore and Japanese power utility Tohoku Electric have entered into a long-term contract for supplies of thermal coal from Australia at a record high price of $395/mt FOB, basis 6,322 kcal/kg GAR for delivery between October 2022-September 2023, market sources aware of the development told S&P Global Commodity Insights Oct. 11. While

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore , metallurgical coal , copper , alumina, and steel and scrap . We also explore what the next few months could bring, from supply and demand

The London Metal Exchange’s plan to restrict Russia-origin metal entering its warehouses could be a pivotal point for Chinese aluminum prices, combined with support from domestic production situation and output cuts, industry sources said Oct. 10. China’s aluminum prices were expected to remain volatile in the near term before the LME makes a final decision