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  • Vietnam revives nuclear power plans to strengthen energy security

    Vietnam has formally approved a nuclear power development plan, aiming to bring its first reactor online within the next decade. This ambitious move is part of a broader strategy to enhance energy security and support the country’s rapid economic expansion. The Vietnamese government has launched a regulatory framework and plans…

    February 7, 2025
  • Cobalt market in freefall as oversupply and EV shifts crush prices

    The cobalt market is experiencing an unprecedented downturn, with prices plummeting from a high of $82,000 per metric ton in April 2022 to just $21,550—the lowest level since the London Metal Exchange (LME) contract was introduced in 2010. Unlike previous cycles, this collapse is driven by a combination of massive overproduction…

    February 7, 2025
  • Global brands brace for weak consumer demand in China

    Major global brands Pernod Ricard and Carlsberg warned on Thursday that consumer demand in China remains weak, adding to growing concerns over 2025’s economic outlook as businesses navigate sluggish spending and escalating global trade tensions. China—the world’s second-largest economy—has struggled with slowing consumer spending…

    February 7, 2025
  • U.S. targets tankers and individuals in latest Iran oil sanctions

    The U.S. Treasury Department imposed new sanctions on individuals and tankers facilitating Iranian crude oil shipments to China, marking an incremental step in Washington’s effort to tighten economic pressure on Tehran. The move follows President Donald Trump’s renewed pledge to reduce Iran’s oil exports to zero, as part of U.S. efforts…

    February 7, 2025
  • EU to start joint purchasing platform for critical resources with hydrogen

    The European Union is set to launch its joint purchasing platform for critical resources, beginning with hydrogen in September, followed by critical minerals later in the year. The initiative aims to strengthen Europe’s bargaining power in securing essential materials for the green transition, particularly in markets dominated by China…

    February 7, 2025
  • EU weighs expanding definition of defense investment

    European Union governments are considering broadening the definition of defense investment, a move that would allow for increased military spending without triggering punitive EU fiscal rules on borrowing. The proposal comes as Russia’s war in Ukraine enters its fourth year and amid renewed U.S. pressure for Europe to boost defense spending…

    February 7, 2025
  • EU may exempt 80% of firms from carbon border levy

    The European Commission is considering exempting 80% of companies set to be covered by its upcoming carbon border tariff, citing the administrative burden for businesses that contribute minimally to overall emissions, EU Climate Commissioner Wopke Hoekstra said on Thursday. Hoekstra revealed that the Commission’s analysis found…

    February 6, 2025
  • Alberta eyes Japan as key LNG market amid U.S. tariff threats

    Faced with the possibility of U.S. tariffs on Canadian energy exports, Alberta is stepping up efforts to expand liquefied natural gas (LNG) sales to Japan, according to Rebecca Schulz, Alberta’s Minister of Environment and Protected Areas. Schulz, who has been meeting with Japanese energy officials and industry leaders in Tokyo, emphasized the need…

    February 6, 2025

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