Inside Commodities

This report covers the impact of regional conflicts and geopolitical policy on global commodities, including Iranian oil supply, Indonesian nickel policy, and US coal support. It also highlights the shift in China's renewable energy industry toward battery storage.

Key Takeaways

• 1.Iranian oil exports have hit a six-year low due to a US naval blockade and regional instability in the Strait of Hormuz.
• 2.Chinese solar panel manufacturers are pivoting into energy storage batteries to maintain margins amidst slowing solar export growth.
• 3.US President Trump has invoked the Defense Production Act to provide $850 million in support for coal power plants and export infrastructure.

Table of Contents

• Top News - Oil
• Top News - Agriculture
• Top News - Metals
• Top News - Carbon & Power
• Top News - Dry Freight