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

How the Russian invasion is reducing Ukraine’s sunflower crushing capacity

While the country encourages a high level of biofuel consumption, there’s concern that too many credits may be awarded

Trade body European Aluminium and the European steel association, Eurofer, have teamed up with other sectors facing a proposed carbon levy on imports, to call for a gradual implementation of the new regulations supporting the EU’s transition to climate neutrality by 2030

Imports of Russian steel into the United States have dropped precipitously this year, negating the need for a formal ban similar to the one reportedly being considered for aluminium

The company’s renewables division’s adjusted earnings showed a loss of €39 million for the July-September quarter

How the war and energy crisis are affecting crushers

Read our LME Week 2022 coverage

Aluminium premium offers reported to Fastmarkets in the United States rose in some instances and fell in others in a contradictory, initial reaction to news of a possible US ban on aluminium imports from Russia that broke last week

The European aluminium market is preparing for further volatility with uncertainty building over the future availability of Russian aluminium supply, market participants told Fastmarkets on Thursday, October 13

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