QBO wind anomaly is developing over the Equator, which will impact winter weather along with the El Nino event in the upcoming 2023/2024 Winter season
South Africa to a power plant has faced setbacks due to criminal activity targeting the country’s rail system. The project, aimed at replacing coal truck deliveries, has been delayed due to vandalism and copper cable theft. In addition to the theft of copper cables, criminals are also targeting the rail system to promote truck usage.
North American Electric Reliability Corporation (NERC) warns that two-thirds of North America could face electricity supply shortages this summer due to increased demand for cooling during high temperatures.
Omnis Global Technologies in talks to convert West Virginia’s Pleasants Power Station, one of the state’s largest coal plants, into a clean energy facility powered by hydrogen.
A tornado struck the North Antelope Rochelle Mine during shift change, resulting in eight injuries and no fatalities
Fitch Ratings has revised its global metals and mining assumptions, resulting in reduced short-term prices for copper, aluminum, zinc, and thermal coal.
Market Updates: Steel sector has moved past the hype-cycle of a Chinese reopen boom and is settling into a new reality.
Thoughts on China: China is on a trajectory similar to Japan’s economic situation in the early 1990’s.
Mongolia launched a 233-kilometer cross border rail line between the Tavan Tolgoi coal field and Gashuun Sukhait on the Chinese border
War, Industrial Policy, and Inflation. Re-arm, Re-shore, Re-stock and invest (commodity/resource). Re-wire the grid (energy transition)
China is Buying the Missing Russian Coal. Russian coal producers are pivoting towards China due to the economic sanctions in Europe.
China used to be counter-cyclical, but they’re intent on reigning-in their credit bubble. Implications for global growth are profound.