Tag: Energy

Hydro has reached two recent deals involving its operations in Europe.

We saw lower moves in base metals. Aluminum prices retreated by about 6.3% last week, shadowing crude lower on rising perceptions of easing metal outflows.

A liquified natural gas (LNG) processing site suffered a "technical accident" in Ras Laffan industrial zone on Sunday night, according to the BBC, citing the interior ministry.

With a tenuous memorandum of understanding signed between the US and Iran, crude oil prices continued to sell off this past week, although the declines were not as steep as what we saw in the week prior.

Oklahoma Attorney General Gentner Drummond's challenge to the proposed Inola aluminum smelter shifts the debate from what regulators may decide to whether the permitting process should be allowed to reach a conclusion.

Going into this week, focus will remain on US equity markets as investors wait to see whether Friday's selloff will intensify, in which case we could see knock-on price declines in a number of other complexes—including base and precious metals.

Rio Tinto has started commissioning its AP60 expansion at Arvida, adding 160,000 metric tons of annual primary aluminum capacity while replacing older production assets.

Crude oil prices retraced late last week on growing optimism about the Iran war. All this sounds promising. But our sense is this is going to be an intricate sequencing game. And it runs the risk of unraveling if one side or the other seeks to prioritize its concessions over those made to the other. We will have to see what happens.

There was a lot going on this past week on both the geopolitical and economic fronts. Investors were fixated on the two-day visit to China by President Trump. He arrived in Beijing last Wednesday night, with a massive corporate delegation in tow. Expectations were high that some progress would be made on a host of thorny issues. But at the end of the day, the trip produced relatively modest results.

In the base metals markets, we had a mixed showing. Tin did best, adding almost 10% on the week on concern about lagging supply.