In a somewhat puzzling market development, oil prices haven’t spiked yet to record highs amid the worst supply disruption in history. That’s because the market still hopes for a quick resolution to the Strait of Hormuz crisis (for more than three months now), global inventories have offered a supply buffer, the world’s top crude importer,
How Long Can Demand Destruction Keep a Lid on Oil Prices? Read More »
Late last year, when India and Oman officially signed the Comprehensive Economic Partnership Agreement (CEPA), there was no war with Iran cutting off the Strait of Hormuz, and the advanced timing of this now is turning out to be more fortuitous than initially expected. The agreement came into effect on June 1st, just in time
India’s Oman Bet Looks Timely As Hormuz Crisis Deepens Read More »
The Iran War and the oil and gas market disruption it has caused have prompted a massive drop in Chinese crude oil imports. These were estimated at a little over 6 million barrels daily last month, down from almost 11.40 million barrels daily in February. The twist: China is the country that can afford such
China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half Read More »
The recent summit meeting between Chinese President Xi Jinping and his Russian counterpart Vladimir Putin ending on 20 May raised more questions than answers for many observers, probably including Putin himself. There was the standard announcement of several deals signed to boost cooperation in matters of the economy, trade, education, science, and technology. And there
Russia’s China Energy Lifeline Is Becoming a Noose Read More »
Source: DHL 02/06/2026 Air cargo rates climbed 36% year on year in May as conflict in the Middle East continued to disrupt global supply chains, according to data provider WorldACD. Presenting at TIACA’s Executive Summit in Warsaw today (2 June), WorldACD CEO Ken De Witt Hmer said the market had experienced a sharp shift since early
Continuing war pushes airfreight rates toward Covid peak Read More »
With the P1000 expansion, sensor-based sorting at PLS’ Pilgangoora Operation in Western Australia has moved beyond project milestone status to become a fully embedded part of day-to-day hard rock lithium processing – demonstrating reliability, feed consistency and long-term resource flexibility at industrial scale. Large-scale hard rock lithium operations are facing increasing pressure to balance throughput,
02/06/2026 Israeli carrier Zim has appointed Chen Lichtenstein (above) as its new president and CEO, to replace Eli Glickman. Mr Glickman resigned on 15 April, and Dr Lichtenstein will take up the role on 1 July, providing his appointment is approved by shareholders. His appointment followed an executive search process conducted by chairman Yair Seroussi
‘Top-tier international executive’ Chen Lichtenstein to take the reins at Zim Read More »
02/06/2026 A BYD car-carrier has made its first voyage from China to Australia, as the electric vehicle (EV) maker appears to be challenging Japan’s Toyota’s ranking as the best-selling car brand in the country. The 2025-built 7,000-ceu BYD Zhengzhou arrived in Melbourne on Sunday, carrying 5,000 hybrid and pure EVs. Following the outbreak of the
China’s BYD steps up its drive to overtake Toyota ‘down under’ Read More »
Published by Jody Dodgson, Editorial Assistant Global Mining Review, Tuesday, 02 June 2026 12:00 Advertisement Metso has made an investment decision to proceed with the second phase of its Lokomotion technology centre in Lahdesjärvi, Tampere, Finland. The second phase includes the construction of a
Photo: © Ginettigino | Dreamstime.com 02/06/2026 Brazilian forwarders are dealing with yet more uncertainty after US regulators proposed slapping its southern neighbour with a 25% tariff, claiming it had been engaging in “multiple practices” that “are unreasonable, and burden or restrict US commerce”. Among these alleged practices, according to US Trade Representative (USTR) Jamieson Greer,
Brazil faces more uncertainty as Trump plans financial hit on shippers Read More »