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

An interview with Bernhard Dahmen, head of procurement for feedstock and co-product at CropEnergies AG

Industry association European Aluminium has put together an independent taskforce to investigate certain aluminium imports to the region from Turkey, according to documents seen by Fastmarkets

There is strong political will and demand growth supporting Europe’s natural and synthetic graphite supply chains, but gaining permits for new projects will be the biggest stumbling block

Lower aluminium premiums in Europe risk deterring imports amid falling freight rates, with some market participants now looking at the availability of material for 2023 in light of the various smelter cuts on the continent

Alcoa has been lobbying the US government to sanction Russian aluminium, the major global and leading US aluminium producer said at a conference in New York on Wednesday November 16

Newsprint prices in Europe are showing signs of peaking in October after a three-month climb. What are the drivers?

Read our LME Week 2022 coverage

Soaring energy prices, particularly in Europe, have dominated headlines globally and have had significant impacts on base metal prices, both on the London Metal Exchange and in physical spot premiums

With soaring European energy prices squeezing margins and curtailing production of various commodities, Fastmarkets explores whether the crisis risks the postponement of investment in renewable power and in the transition to green metals.

The negotiation season for long-term contracts is well under way in many of the base metal markets, and participants globally have noted that the price volatility seen so far in 2022 and the soaring energy costs in Europe have weighed on consumer sentiment

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