Ukraine Signed Trump's Mineral Deal. Now What – Crude Oil Prices Today | OilPrice.com
The United States and Ukraine have signed an agreement that gives the United States access to Ukraine's valuable rare minerals in a contract that they hope to continue American support for Kiev in the war with Russia. The contract will establish the United-States-Aukraine Reconstruction Investment Fund, which the US Treasury said, “can “collaborative assets, talents […]
Trump Eyes Sovereign Wealth Fund to Back U.S. Mining – Crude Oil Prices Today | OilPrice.com
Washington is eliminating the possibility of the creation of the American Sovereign Wealth Fund (SWF) to compete with China’s state-controlled extraction industry by investing directly in miners both domestically and internationally as the administration screams to gather new and important mineral allies. The plan, revealed Thursday by Home Secretary Doug Burgham, who advises campaigns on […]
Rare Earth Dominance Puts China in Powerful Geopolitical Position – Crude Oil Prices Today | OilPrice.com
Their names are difficult to pronounce, essential to modern manufacturing, and are at the heart of the escalation of the trade war between the US and China. The global supply of these rare earths – a key group of 17 factors that find themselves in everything from electric vehicle batteries to critical defense technologies – […]
Tehran Uranium Enrichment Is Up for Negotiation – Crude Oil Prices Today | OilPrice.com
Tehran is ready to ease US concerns about nuclear activity, but discarding uranium enrichment is off the table, Foreign Minister Abbas Arakich said he is preparing for this weekend’s second round of talks on Iran’s nuclear program. Araqchi told reporters after a weekly cabinet meeting in Tehran on April 16th that Iran enrichment is a […]
Gold Reaches Unprecedented Highs Amid Global Uncertainty – OilPrice.com
via Metal Minor Global precious metal MMI (Monthly Metal Index) It moved sideways after a month and rose just 2.69%. Many precious metal prices saw dynamic changes from February to March. Gold competed towards historic highs amid bets on rising uncertainty in gold tariffs and relaxing US Federal Reserve policies. Meanwhile, silver has also climbed […]
U.S. and Vietnam Sign $4-Billion Energy and Minerals Deals – OilPrice.com
Several agreements in the energy and mineral sector were estimated at $4.15 billion this week as American and Vietnamese businesses seek to avoid US tariffs and boost cooperation with US companies. Vietnam's Trade Minister Nguyen Hong Dien visited the United States this week to discuss bilateral economic and trade cooperation with US trade representative Jamie […]
Commodity Trading Giant Vitol Downsizes China Coal Business – OilPrice.com
Commodity trading giant Vitol Group is cutting back on its recently acquired heated carbon trading business in China, according to sources familiar with the plan. Reuters on friday. According to Reuters sources, Vittle has fired a Chinese coal trader and there is only one trader left in his Beijing office. Last year, Vitol, the world's […]
Ukraine Mineral Rights at Center of Negotiations With U.S. – OilPrice.com
Just as Ukraine is preparing to mark the third year A full-scale Russian invasion On February 24, Kiev leaders weighed US proposals on access to Ukraine's mineral resources. On February 23, Ukrainian President Volodymyr Zelenskyy said consultations with the US on the issue are “progressing.” On the same day, Trump's aide Steve Witkoff told CNN […]
The West Faces Uranium Shortage Amid Competition From China and Russia – OilPrice.com
American and European companies in nuclear energy supply chains are increasingly against the potential supply shocks in the uranium market amid intense resource competition from China and Russia and the surge in nuclear power to meet electricity demand It's becoming vulnerable. Nowadays, many countries are cutting nuclear power, relying on oil and gas imports, meeting […]
The End of Coal Is Nowhere In Sight – OilPrice.com
While developed countries have reduced coal use in recent years, the world is still not ready to kick coal poisoning. Asia's developing markets are meeting the surge in electricity demand by increasing coal-fired power generation. Despite the retirement of coal fired power in the US, lower demand for coal in Europe, and the end of […]