Is another LNG glut round the corner?

The recent record-high LNG spot prices in Asia highlighted the more stable prices of the gas for LNG buyers in long-term supply contracts compared to the much higher volatility in spot prices, says oilprice.com. However, long-term supply is indexed to the inherently volatile oil prices.  Global natural gas demand is set to return to pre-crisis levels as […]

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Sterlite Copper CEO says plant closure has stopped India’s march to self-sufficiency

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The closure of Sterlite Copper’s Tuticorin plant, which once accounted for nearly 40% of India’s copper output, had been forced by vested interests that did not want the country to become self-sufficient in the critical industrial metal, the company’s chief executive officer said in an interview. The plant was shut down in 2018 following a police firing that […]

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US metal manufacturers urge President Biden to drop Section 232 tariffs on steel and aluminium

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The Coalition of American Metal Manufacturers and Users (CAMMU) sent a letter to President Joe Biden requesting the immediate termination of the Section 232 tariffs on steel and aluminum, stating that the tariffs imposed under former President Donald Trump have damaged metals consuming industries. The group said it was pleased to see Biden’s executive order […]

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India’s Ministry of New and Renewable Energy does not rule out basic customs duty on solar imports

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Despite the 2021-22 Union budget failing to mention any import restrictions on solar cells and modules to boost domestic manufacturers, the ministry of new and renewable energy (MNRE) has not ruled out the imposition of basic customs duty (BCD) on such items. Addressing the media about the implications of the budget on the renewable sector, […]

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Indonesia halts deep-sea mining disposal of nickel for environment concerns

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Indonesia will no longer permit mining waste to be disposed in the ocean to allay concerns about the environmental impact of processing nickel used in electric vehicle (EV) batteries, a government official and a corporate mining source said. The Southeast Asian nation, the world’s biggest nickel producer, has not officially banned so-called deep sea tailings […]

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