Germany day-ahead baseload power for Thursday climbs to ~€395 per MWh, unseen since the worst of the energy crisis in 2022.
Meanwhile, UK has reached a peak of gas-fired electricity generation of 27.1 GW earlier today (that's the **4th highest** peak gas burn in ~15 years)
As commodity giant Cargill lays off 5% of its global workforce (that's ~8,000 people), take a look at my video-column from September about its profitability (which the company prefers to keep secret) @Opinion
Texas and another 10 states are suing BlackRock, Vanguard, and State Street for allegedly combine their market clout to pressure coal producers to cut output.
Something I have said in my @Opinion columns in the past. This is for 2022: https://t.co/zswDd8N1Mf
@GoldmanSachs is urging investors to choose #copper and #aluminium over #ironore in 2025 as weak demand from China collides with an excess supply of Australia’s key export.
#Ironore prices rise on the DCE by more than 1.8% on Monday. On the SGX, the increase was of almost 2.7%, currently at around $100 per metric ton. Short-term demand for the most important raw material for steel production from China remains strong and could rise even further.
@RioTinto has agreed to supply high-grade direct reduction iron ore pellets from its #Ironore Company of Canada operations to support GravitHy's steel decarbonization project in France.
The UK Department for Energy Security & Net Zero has announced plans for the introduction of legislation to restrict licenses for new #coal mining projects as the UK embraces clean energy.