Timely perspectives on commodity markets, supply chains, sustainability, and the forces shaping tomorrow.
Singapore moved 463,948 metric tons of LNG bunker fuel in 2024, up over four-fold from the year before. Global LNG bunker demand reached approximately 4 million MT in 2025, up…
Molybdenum in the US reached $50,265 per metric ton in June 2025. Chinese 45% molybdenum concentrate hit a record 4,600 CNY per ton-unit in early September 2025. Ferromolybdenum peaked at…
Commodity payments are not interchangeable. A confirmed irrevocable LC sits at one end of the spectrum; a 30% TT against pro-forma invoice at the other. The right instrument depends on…
Indonesia’s refined tin exports collapsed to approximately 46,000 metric tons in 2024 — the lowest in more than twenty years. The country accounts for roughly 25-30% of world refined tin…
Resource nationalism stopped being a footnote in 2024. The DRC’s February 2025 cobalt export ban, Mali’s $1.2 billion mining-company arrears recovery, Indonesia’s confirmed plan to halt tin exports, and Burkina…
On 12 April 2024, the US Treasury and the UK Government announced parallel restrictions on Russian-origin aluminium, copper, and nickel produced from 13 April onwards. Sixteen months later, the immediate…
On 30 July 2025 the White House added copper to the Section 232 tariff list at 50%, matching the rates on steel and aluminium. For Gulf-based copper cathode suppliers, the…
The 2026 annual copper TC/RC benchmark is being negotiated at or near $0 per metric ton — an unprecedented level. Smelters are paying for the privilege of refining concentrate. The…
Saudi Arabia consumed 13.1 million metric tons of cement in the second quarter of 2025, up 21% year-on-year. The country is on track for approximately 78 million MT of annual…
The IMO’s Marine Environment Protection Committee approved the Net-Zero Framework on 11 April 2025. It introduces a global carbon-pricing mechanism for ocean-going shipping over 5,000 GT, entering force on 1…
Five years after IMO 2020, the scrubber decision is no longer about whether the technology works. It is about whether the HSFO-to-VLSFO price spread is wide enough to amortise the…
On 4 February 2025 MOFCOM placed tungsten, tellurium, bismuth, indium and molybdenum on China’s dual-use items export control list. This is the same mechanism that took antimony from $1,400 to…
The Cape of Good Hope diversion costs roughly $1 million in extra bunker per Asia-Europe round-trip and adds about ten days at sea. If your fleet was built around a…
Tin remains a critical metal for electronics, solder, and advanced alloys. We examine the supply-demand balance, key risk factors, and what to watch across Africa, the Middle East, and Asia.
The three UAE bunkering options are not interchangeable. Fujairah is the global benchmark, the third-largest bunker hub in the world, and the default for transit voyages. Jebel Ali is the…
Antimony went from $1,400 per metric ton in July 2024 to $38,000 per metric ton by mid-September. That is not a price move. That is a market structure change. If…