Energy crisis spotlight

What the energy crisis means for commodity markets across the globe

The current energy crisis in Europe as a result of Russia’s invasion of Ukraine earlier in 2022 means that the prices of fuel oil, gas and electricity have soared. Russia has turned off the taps on natural gas to Europe, leaving countries scrambling to diversify their energy sources. Across the continent, producers of key raw materials including aluminium and steel are facing a weaponization of the energy they need for production. This has sent the cost of power soaring.

Keep up-to-date with not only how this is impacting commodity markets across Europe, but also what this means for Europe’s plans to achieve net-zero greenhouse gas emissions by 2050. Will we see a boost in the production of the critical minerals needed to produce batteries for electric vehicles? Or, will the energy requirements to run these gigafactories be too much?

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The latest articles and insights on the energy crisis

Consumption remained stable despite the EU’s economic slowdown

According to a new report by scientific academy, The Royal Society, sustainable aviation fuels could be insufficient to yield the volumes of biofuels required to meet net-zero targets

We spoke to the winner of our Forest Products European CEO of the Year award on the energy challenges, sustainability initiatives, mill project updates and future plans

Glencore’s new chief executive officer Gary Nagle is learning a key management lesson the hard way, namely: “You can’t please all of the people all of the time

Lasse Sinikallas, our director of macroeconomics, shares his analysis on whether Europe’s reliance on Russian energy resources 12 months on

A video interview with USDA chief economist, Seth Meyer

Read our LME Week 2022 coverage

Western economies have been increasingly moving to deglobalize the lithium-ion battery supply chain to reduce their over-reliance on certain countries

The increase in copper premiums for 2023 European contracts came as no surprise to customers of German producer Aurubis, its chief executive officer said in an interview, citing the strength of demand as well as inflation-led costs

The London Metal Exchange has announced new additions to the LMEpassport which will provide increased transparency on brands using scrap material and broaden disclosure to non-LME brands


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