Archive for Energy – Page 4

How wind and solar power helps keep America’s farms alive

By Paul Mwebaze, University of Illinois at Urbana-Champaign 

Drive through the plains of Iowa or Kansas and you’ll see more than rows of corn, wheat and soybeans. You’ll also see towering wind turbines spinning above fields and solar panels shining in the sun on barns and machine sheds.

For many farmers, these are lifelines. Renewable energy provides steady income and affordable power, helping farms stay viable when crop prices fall or drought strikes.

But some of that opportunity is now at risk as the Trump administration cuts federal support for renewable energy.

Wind power brings steady income for farms

Wind energy is a significant economic driver in rural America. In Iowa, for example, over 60% of the state’s electricity came from wind energy in 2024, and the state is a hub for wind turbine manufacturing and maintenance jobs.

For landowners, wind turbines often mean stable lease payments. Those historically were around US$3,000 to $5,000 per turbine per year, with some modern agreements $5,000 to $10,000 annually, secured through 20- to 30-year contracts.

Nationwide, wind and solar projects contribute about $3.5 billion annually in combined lease payments and state and local taxes, more than a third of it going directly to rural landowners.

A U.S. map shows the strongest wind power potential in the central U.S., particularly the Great Plains and Midwestern states.
States throughout the Great Plains and Midwest, from Texas to Montana to Ohio, have the strongest onshore winds and onshore wind power potential. These are also in the heart of U.S. farm country. The map shows wind speeds at 100 meters (nearly 330 feet), about the height of a typical land-based wind turbine.
NREL

These figures are backed by long-term contracts and multibillion‑dollar annual contributions, reinforcing the economic value that turbines bring to rural landowners and communities.

Wind farms also contribute to local tax revenues that help fund rural schools, roads and emergency services. In counties across Texas, wind energy has become one of the most significant contributors to local property tax bases, stabilizing community budgets and helping pay for public services as agricultural commodity revenues fluctuate.

In Oldham County in northwest Texas, for example, clean energy projects provided 22% of total county revenues in 2021. In several other rural counties, wind farms rank among the top 10 property taxpayers, contributing between 38% and 69% of tax revenue.

The construction and operation of these projects also bring local jobs in trucking, concrete work and electrical services, boosting small-town businesses.

The U.S. wind industry supports over 300,000 U.S. jobs across construction, manufacturing, operations and other roles connected to the industry, according to the American Clean Power Association.

Renewable energy has been widely expected to continue to grow along with rising energy demand. In 2024, 93% of all new electricity generating capacity was wind, solar or energy storage, and the U.S. Energy Information Administration expected a similar percentage in 2025 as of June.

Solar can cut power costs on the farm

Solar energy is also boosting farm finances. Farmers use rooftop panels on barns and ground-mounted systems to power irrigation pumps, grain dryers and cold storage facilities, cutting their power costs.

Some farmers have adopted agrivoltaics – dual-use systems that grow crops beneath solar panels. The panels provide shade, helping conserve water, while creating a second income path. These projects often cultivate pollinator-friendly plants, vegetables such as lettuce and spinach, or even grasses for grazing sheep, making the land productive for both food and energy.

Federal grants and tax credits that were significantly expanded under the 2022 Inflation Reduction Act helped make the upfront costs of solar installations affordable.

However, the federal spending bill signed by President Donald Trump on July 4, 2025, rolled back many clean energy incentives. It phases down tax credits for distributed solar projects, particularly those under 1 megawatt, which include many farm‑scale installations, and sunsets them entirely by 2028. It also eliminates bonus credits that previously supported rural and low‑income areas.

Without these credits, the upfront cost of solar power could be out of reach for some farmers, leaving them paying higher energy costs. At a 2024 conference organized by the Institute of Sustainability, Energy and Environment at the University of Illinois Urbana-Champaign, where I work as a research economist, farmers emphasized the importance of tax credits and other economic incentives to offset the upfront cost of solar power systems.

What’s being lost

The cuts to federal incentives include terminating the Production Tax Credit for new projects placed in service after Dec. 31, 2027, unless construction begins by July 4, 2026, and is completed within a tight time frame. The tax credit pays eligible wind and solar facilities approximately 2.75 cents per kilowatt-hour over 10 years, effectively lowering the cost of renewable energy generation. Ending that tax credit will likely increase the cost of production, potentially leading to higher electricity prices for consumers and fewer new projects coming online.

The changes also accelerate the phase‑out of wind power tax credits. Projects must now begin construction by July 4, 2026, or be in service before the end of 2027 to qualify for any credit.

Meanwhile, the Investment Tax Credit, which covers 30% of installed cost for solar and other renewables, faces similar limits: Projects must begin by July 4, 2026, and be completed by the end of 2027 to claim the credits. The bill also cuts bonuses for domestic components and installations in rural or low‑income locations. These adjustments could slow new renewable energy development, particularly smaller projects that directly benefit rural communities.

While many existing clean energy agreements will remain in place for now, the rollback of federal incentives threatens future projects and could limit new income streams. It also affects manufacturing and jobs in those industries, which some rural communities rely on.

Renewable energy also powers rural economies

Renewable energy benefits entire communities, not just individual farmers.

Wind and solar projects contribute millions of dollars in tax revenue. For example, in Howard County, Iowa, wind turbines generated $2.7 million in property tax revenue in 2024, accounting for 14.5% of the county’s total budget and helping fund rural schools, public safety and road improvements.

In some rural counties, clean energy is the largest new source of economic activity, helping stabilize local economies otherwise reliant on agriculture’s unpredictable income streams. These projects also support rural manufacturing – such as Iowa turbine blade factories like TPI Composites, which just reopened its plant in Newton, and Siemens Gamesa in Fort Madison, which supply blades for GE and Siemens turbines. The tax benefits in the 2022 Inflation Reduction Act helped boost those industries – and the jobs and local tax revenue they bring in.

On the solar side, rural companies like APA Solar Racking, based in Ohio, manufacture steel racking systems for utility-scale solar farms across the Midwest.

An example of how renewable energy has helped boost farm incomes and keep farmers on their land.

As rural America faces economic uncertainty and climate pressures, I believe homegrown renewable energy offers a practical path forward. Wind and solar aren’t just fueling the grid; they’re helping keep farms and rural towns alive.The Conversation

About the Author:

Paul Mwebaze, Research Economist at the Institute for Sustainability, Energy and Environment, University of Illinois at Urbana-Champaign

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Zimbabwe’s lithium is in demand for making batteries: how to make sure benefits flow to the local economy

By Jabulani Shaba, University of Groningen 

Zimbabwe has the largest lithium reserves on the African continent. Lithium has been mined since the colonial period in the 1950s. It’s a critical part of rechargeable lithium-ion batteries that are essential for the electric vehicle industry. Globally, the lithium-ion battery market is worth US$78.9 billion and is likely to amount to US$349.6 billion by 2034.

In 2021, there was a new lithium rush in Zimbabwe because of increased global demand for the mineral. Today, most of Zimbabwe’s lithium mines are owned by Chinese mining companies like Sinomine, Zhejiang Huayo Cobalt, Chengxin Lithium, Yahua and Canmax.

Lithium-ion batteries aren’t made in Zimbabwe. Instead, the country exports the mineral as a raw resource. Much of the value of Zimbabwe’s lithium – 480,000 metric tonnes mined since 2015 – is reaped by companies in China which make the raw lithium into batteries and other goods.

During the lithium rush, artisanal miners were involved in the lithium industry. They mined and sold raw ore. But their participation has recently slowed down because artisanal lithium mining is largely illegal. For this reason, official data reports haven’t been able to record how much lithium has been mined this way.

In 2022, the Zimbabwean government banned the export of raw lithium ore in an attempt to regulate the industry and curb artisanal lithium mining and illicit exports.

However, it was still permitted to export lithium concentrate (a powdered version of the raw mineral). But the government recently decided to ban the export of lithium concentrate from January 2027. It says the ban will improve the country’s efforts towards building facilities that add value to lithium, such as lithium refineries and battery production plants.

I research resource extraction and environmental change caused by mining in southern Africa.

If properly implemented and regulated, the new ban on exporting lithium concentrate could increase Zimbabwe’s self-sufficiency in lithium processing. It could even help the country achieve the middle-income economy it has set out in its Vision 2030, in which it aims to have a mining industry that generates US$12 billion a year in revenue. Zimbabwe has the world’s second largest reserves of platinum and huge supplies of chrome. Making goods locally from lithium would expand the mineral export revenue in addition to platinum and chrome.

However, becoming a middle-income nation is currently hampered by mining revenue leaking away – through losses from smuggling, tax evasion and others.

Also, environmental justice groups estimate that about 3,000 tonnes of raw lithium leaves the country daily. Between now and the time the 2027 ban on exporting lithium concentrate comes into effect, about 1.6 million additional tonnes of raw lithium could have been extracted and sent overseas. This means the government should not wait for 2027, but should implement the ban on lithium concentrate exports now.

The ban also doesn’t seem to be aimed at uplifting the livelihoods of communities who live near lithium mines. I describe these communities as living in sacrifice zones: they bear the brunt of lithium mining pollution and land grabs for mines. These vulnerable groups include women, children and artisanal lithium miners who have been disempowered by the just transition.

To use its lithium reserves to uplift the country, the government of Zimbabwe needs to establish local plans that place community development and improved livelihood of mining communities at the centre of mining. This could be done through pro-poor development policies that will create employment opportunities for local people in lithium mining frontiers. It could also include compelling mines to purchase locally made goods and fresh produce. Bringing artisanal miners into local value chains in gold, diamond and chrome mining would also help these informal miners become part of the formal mining economy.

The politics of lithium mining in Zimbabwe

Zimbabwe is one of the 10 biggest global lithium exporters (Chile, Argentina and Australia are others). In the first nine months of 2023 alone, it is estimated that about US$209 million worth of Zimbabwean lithium was sold.

The potential of lithium to stimulate economic development and attract international investments is unquestionable. The problem, however, over the last few years seems to be that the market isn’t regulated enough. Lithium mining has not created many jobs, and for the few that are employed, there’ve been gross human rights abuses, wage cuts, and a lack of investment in road infrastructure.

The politics of lithium mining are also shaped by networks of political elites. They are known as the lithium barons: people who engage in corrupt deals and smuggling.

Another problem has been the misplaced focus on artisanal miners. For example, the 2022 lithium ban mainly targeted artisanal lithium miners who were on the margins of the industry. It did not affect large-scale mining companies to the same extent. When the lithium ban was introduced, the market for processed lithium expanded and the demand for unprocessed lithium drastically shrank. This left artisanal miners with raw lithium and a shrinking market price.

What needs to happen next

Between now and 2027, lithium mining companies in Zimbabwe will try to extract as much lithium as possible before the ban comes into effect. This could deplete the lithium reserves in the country. Mining investors might look elsewhere.

The Zimbabwean government should take these steps to solve the problem:

1) The Zimbabwe government must ensure total monopoly of its lithium reserves. The over-reliance on Chinese investments in the lithium industry has set a bad precedent for what might happen with other minerals in future. It will take time for the government to undo this and set up its own monopoly. This resource sovereignty will be vital.

2) The government must consider how to govern minerals in a people-centred way. So far, lithium has not benefited ordinary Zimbabweans.

3) The resource communities where extraction deals are taking place must be consulted and brought into the conversation about how Zimbabwe can benefit from its lithium reserves. Communities in Zimbabwe like Buhera, Bikita, Mberengwa and Goromonzi have endured years of lithium mining pollution.

This includes their freshwater sources being contaminated by mines, toxic dust from blasting, mineworkers being exposed to hazardous and unsafe working conditions, displacement, and above all gross human rights abuses from multinational lithium mining companies.

4) The ban on the exports of lithium concentrates is crucial for stimulating local beneficiation and value addition. The government should implement this ban immediately rather than waiting for the 2027 timeline.The Conversation

About the Author:

Jabulani Shaba, Postdoctoral researcher, University of Groningen

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Oil prices have been declining for four consecutive days. Natural gas prices have fallen to a two-month low

By JustMarkets 

On Wednesday, the US stocks closed with solid gains: the Dow Jones (US30) rose by 1.14%, the S&P 500 (US500) increased by 0.78%, and the tech-heavy Nasdaq (US100) closed up 0.61%. The US equities extended their gains on Wednesday following reports that the US would agree to a trade deal with the EU, building on previous momentum from a deal with Japan. Reports indicate that the US is close to reaching an agreement to lower tariffs on EU goods from 30% to 15%, aligning with the measures taken with Japan and reinforcing expectations that aggressive tariffs will be scaled back by August. Optimistic corporate earnings also supported the indices.

European stock markets traded higher yesterday. Germany’s DAX (DE40) rose by 0.83%, France’s CAC 40 (FR40) ended up 1.37%, Spain’s IBEX35 (ES35) gained 0.19%, and the UK’s FTSE 100 (UK100) closed 0.42% higher. European stocks ended Wednesday with a strong rebound, breaking a three-day losing streak, amid expectations that the US might agree to lower tariff rates after reaching a new trade deal with Japan. Progress on automotive tariffs, which heavily impact car manufacturers, drove gains in the shares of BMW, Stellantis, Mercedes-Benz, and Volkswagen, rising between 4% and 9%. Additionally, UniCredit jumped 3.5% after releasing its earnings, although the bank confirmed it had abandoned its planned acquisition of Banco BPM due to opposition from Rome.

WTI crude oil prices fell to $65 per barrel on Wednesday, marking a fourth straight day of declines, as investors focused on US trade negotiations. Treasury Secretary Scott Bessent said he would meet with Chinese officials in Stockholm next week to discuss an extension of the trade truce, possibly including Chinese purchases of Russian and Iranian oil under sanctions. Meanwhile, US government data showed crude inventories fell by 3.17 million barrels last week, exceeding expectations. Despite the sharper-than-expected inventory drop, oil prices remain under pressure due to concerns that ongoing tariff tensions could weaken global demand, even as OPEC+ increases production.

The US natural gas prices fell by more than 5% to below $3.10 per MMBtu, the lowest level since April 22, pressured by near-record production levels and expectations for milder weather than previously expected. Despite summer heat, analysts expect record output to continue supporting robust storage replenishment. Current inventories are already 6% above seasonal norms.

Asian markets mostly rose yesterday. Japan’s Nikkei 225 (JP225) jumped by 3.51%, China’s FTSE China A50 (CHA50) increased by 0.30%, Hong Kong’s Hang Seng (HK50) gained 1.62%, and Australia’s ASX 200 (AU200) posted a 0.69% rise.

On Tuesday, the Hang Seng Index closed at 25,538, marking its fourth consecutive gain and reaching its highest level in nearly four years. The rally was driven by broad sectoral gains and optimism ahead of a scheduled US-China meeting in Stockholm next week, the third round of talks aimed at extending the tariff truce. Bullish sentiment was further fueled by reports that daily trading volume on Chinese stock markets surged to a nearly five-month high, while margin financing reached its highest level in nearly four months. Meanwhile, Beijing recently approved the construction of a massive hydroelectric power plant in Tibet.

Stocks in Singapore rose to 4,252 in early Thursday trading, posting their 14th consecutive session of gains, following Wall Street’s rally on Wednesday after the US reached trade deals with the EU. Data released Wednesday showed that overall inflation in June remained at its lowest level since February 2021, with core inflation steady at 0.6%, below expectations and within the Monetary Authority of Singapore’s annual target range of 0.5% to 1.5%. These solid figures followed last week’s data showing stronger-than-expected Q2 GDP growth and the fastest export growth in 11 months.

S&P 500 (US500) 6,358.91 +49.29 (+0.78%)

Dow Jones (US30) 45,010.29 +507.85 (+1.14%)

DAX (DE40) 24,240.82 +198.92 (+0.83%)

FTSE 100 (UK100) 9,061.49 +37.68 (+0.42%)

USD Index 97.21 −0.18 (−0.18%)

News feed for: 2025.07.24

  • Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
  • Australia Services PMI (m/m) at 02:00 (GMT+3);
  • Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
  • Japan Services PMI (m/m) at 03:30 (GMT+3);
  • Germany GfK Consumer Confidence (m/m) at 09:00 (GMT+3);
  • Germany Manufacturing PMI (m/m) at 10:30 (GMT+3);
  • Germany Services PMI (m/m) at 10:30 (GMT+3);
  • Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
  • Eurozone Services PMI (m/m) at 11:00 (GMT+3);
  • UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
  • UK Services PMI (m/m) at 11:30 (GMT+3);
  • Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
  • Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
  • Canada Retail Sales (m/m) at 15:30 (GMT+3);
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • Eurozone ECB Press Conference at 15:45 (GMT+3);
  • US Manufacturing PMI (m/m) at 16:45 (GMT+3);
  • US Services PMI (m/m) at 16:45 (GMT+3);
  • US New Home Sales (m/m) at 17:00 (GMT+3);
  • US Natural Gas Storage (w/w) at 17:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Why energy markets fluctuate during an international crisis

By Skip York, Rice University 

Global energy markets, such as those for oil, gas and coal, tend to be sensitive to a wide range of world events – especially when there is some sort of crisis. Having worked in the energy industry for over 30 years, I’ve seen how war, political instability, pandemics and economic sanctions can significantly disrupt energy markets and impede them from functioning efficiently.

A look at the basics

First, consider the economic fundamentals of supply and demand. The risk most people imagine in the current crisis between Israel, the U.S. and Iran is that Iran, which is itself a major oil-producing country, might suddenly expand the conflict by threatening the ability of neighboring countries to supply oil to the world.

Oil wells, refineries, pipelines and shipping lanes are the backbone of energy markets. They can be vulnerable during a crisis: Whether there is deliberate sabotage or collateral damage from military action, energy infrastructure often takes a hit.

For instance, after Saddam Hussein invaded Kuwait in August 1990, Iraqi forces placed explosive charges on Kuwaiti oil wells and began detonating them in January 1991. It took months for all the resulting fires to be put out, and millions of barrels of oil and hundreds of millions of cubic meters of natural gas were released into the environment – rather than being sold and used productively somewhere around the world.

Scenes of Kuwaiti life during and after the Gulf War of 1990 and 1991 include images of oil wells burning as a result of Iraqi sabotage.

Logistics can mess markets up too. For instance, closing critical maritime routes like the Strait of Hormuz or the Suez Canal can cause transportation delays.

Whether supply is lost from decreased production or blocked transportation routes, the effect is less oil available to the market, which not only causes prices to rise in general, but it also makes them more volatile – tending to change more frequently and by larger amounts.

On the flip side, demand can also shift radically. During the 1990-1991 Gulf War, demand rose: U.S. forces alone used more than 2 billion gallons of fuel, according to an Army analysis. By contrast, during the COVID-19 pandemic, industries shut down, travel came to a halt and energy demand plummeted.

When crisis looms, countries and companies often start stockpiling oil and other raw materials rather than buying only what they need right now. That creates even more imbalance, resulting in price volatility that leaves everyone, both consumers and producers, with a headache.

Regional considerations

In addition to uncertainties around market fundamentals, it’s important to note that many of the world’s energy reserves are located in regions that have not been models of stability. In the Middle East, wars, revolutions and diplomatic disputes there can raise concerns about supply, demand or both.

Those worries send shock waves through the world’s energy markets. It’s like walking on a tightrope: One wrong move – or even the perception of a misstep – can make the market wobble.

Governments’ economic sanctions, such as those restricting trade with Iran, Russia or Venezuela, can distort production and investment decisions and disrupt trade flows. Sometimes markets react even before sanctions are officially in place: Just the rumor of a possible embargo can cause prices to spike as buyers scramble to secure resources.

In 2008, for example, India and Vietnam imposed rice export bans, and rumors of additional restrictions fueled panic buying and nearly doubled prices in months.

In those scrambles, the role of investor speculation enters the picture. Energy commodities, such as oil and gas, aren’t just physical resources; they’re also traded as financial assets like stocks and bonds. During uncertain times, traders don’t wait around for actual changes in supply and demand. They react to news and forecasts, sometimes in large groups, which can shift the market just with the actions that result from their fears or hopes.

The events on June 22, 2025, are a good example of how this dynamic works. The Iranian parliament passed a resolution authorizing the country’s Supreme Council to close the Strait of Hormuz. Immediately, oil prices started rising, even though the strait was still open, with oil tankers steaming through unimpeded.

The next day, Iran launched a missile strike on Qatar, but coordinated in advance with Qatari officials to minimize damage and casualties. Traders and analysts perceived the action as a de-escalatory signal and anticipated that the Supreme Council was not going to close the strait. So prices started to fall.

It was a price roller coaster, fueled by speculation rather than reality. And computer algorithms and artificial intelligence, which assist in making automated trades, only add to the chaos of price changes.

Shipping activity in the Persian Gulf and the Strait of Hormuz decreased after Israel’s attacks on Iranian nuclear facilities.

A broader look

International crises can also cause wider changes in countries’ economies – or the global economy as a whole – which in turn affect the energy market.

If a crisis sparks a recession, rising inflation or high unemployment, those tend to cause people and businesses to use less energy. When the underlying situation stabilizes, recovery efforts can mean energy consumption resumes. But it’s like a pendulum swinging back and forth, with energy markets caught in the middle.

Renewable energy is not immune to international crisis and chaos. The supply is less affected by market forces: The amount of available sunlight and wind isn’t tied to geopolitical relations. But overall economic conditions still affect demand, and a crisis can disrupt the supply chains for the equipment needed to harness renewable energy, like solar panels and wind turbines.

It’s no wonder energy markets are so jittery during international crises. A mix of imbalances between supply and demand, vulnerable infrastructure, political tensions, corporate worries and speculative trading all weave together into a complex web of volatility.

For policymakers, investors and consumers, understanding these dynamics is key to navigating the ups and downs of energy markets in a crisis-prone world. The solutions aren’t simple, but being informed is the first step toward stability.The Conversation

About the Author:

Skip York, Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Uranium Tech Breakthroughs Leading to Global Nuclear Renaissance

Source: Streetwise Reports (6/20/25)

U.S. President Donald Trump enacted executive orders designed to accelerate reactor approvals, enhance domestic uranium production and enrichment capabilities, and promote nuclear technologies. See how this has put the nuclear and uranium sectors in focus for investors. 

U.S. President Donald Trump in May enacted four executive orders designed to accelerate reactor approvals, enhance domestic uranium production and enrichment capabilities, and promote the advancement of innovative nuclear technologies.

Trump urged the federal government to expedite the construction of nuclear reactors and to reform the “risk averse” regulatory environment, with the goal of increasing the country’s nuclear energy capacity fourfold by 2050, reported Kamen Kraev for NucNet on May 26.

The directives call for the Department of Energy (DOE) to initiate the construction of 10 large reactors by 2030 and to assist in financing upgrades for existing facilities.

A statement from the White House proclaimed that “America will usher in a nuclear energy renaissance,” after years of “stagnation and shuttered reactors,” Kraev wrote.

“Across the country, American entrepreneurs and engineers are launching a new generation of nuclear companies featuring innovative reactor designs and scalable manufacturing techniques that can make nuclear safe, efficient, and economic,” said White House Science and Technology Policy Director Michael Kratsios in an opinion piece on The White House website. “The Trump Administration will clear their path by dismantling outdated barriers that previous administrations had put up in their way.”

Per the announcement, the orders require the U.S. Nuclear Regulatory Commission (NRC) to simplify licensing processes for new reactors, permit testing of reactor designs at DOE laboratories, and allow new reactor construction on federal lands.

The NRC is expected to shorten approval timelines from multiple years to 18 months, while the DOE will identify federal land that is suitable for new nuclear facilities, and initiatives will be undertaken to bolster U.S. uranium mining and domestic enrichment capacities.

“The NRC has failed to license new reactors even as technological advances promise to make nuclear power safer, cheaper, more adaptable, and more abundant than ever,” a fact sheet from the White House stated, according to Kraev’s report.

Kratsios added in his piece, “America’s great innovators and entrepreneurs have run into brick walls when it comes to nuclear technology.”

The Catalyst: Global Investment Growing

The uranium sector has transitioned into a period of heightened focus as the U.S. seeks to revitalize the domestic atomic energy industry and its related supply infrastructure.

Around the world, the transition to clean energy and decarbonization goals have sparked renewed interest in nuclear power, leading to surging demand.

Several countries, including the U.S., the United Kingdom and South Korea, have announced plans to expand nuclear energy capacity by 2050, reported The Astana Times on June 10. Other countries are exploring new builds and/or extending the life span of existing nuclear power plants.

New and high demand is coming from technology sectors needing reliable, carbon-free, around-the-clock power to run their data centers and artificial intelligence systems. Tech giants, including Meta, Amazon, Microsoft and Google, continue to invest in nuclear energy to meet this need.

Global investment in nuclear energy has grown 50% each year since 2020, and nuclear capacity is expected to increase 130% by 2050, The Astana Times reported.

Recently introduced governmental initiatives regarding the U.S. uranium sector already have increased domestic momentum and renewed optimism, purported HoldCo Markets in a May 28 research report.

“We anticipate uranium stocks, both large and small, to benefit from changing U.S. nuclear policy,” wrote David Talbot, head of equity research at Red Cloud Securities, in a May 23 Uranium Sector Update.

Using Lasers to Separate Isotopes

LIS Technologies Inc. (LIST), a U.S.-based private company, specializes in proprietary development of an advanced technology to utilize infrared lasers for the selective excitation of molecules, allowing for the separation of desired isotopes from others.

Its Laser Isotope Separation Technology (L.I.S.T) boasts a wide array of applications, distinguishing itself as the only U.S.-origin (and patented) laser uranium enrichment firm, while offering numerous advantages over conventional techniques such as gas diffusion, centrifugation, and previous laser enrichment methods. The proprietary laser-driven process developed by LIST is designed to be more energy-efficient and presents the opportunity for deployment with significantly competitive capital and operational expenses.

L.I.S.T focuses on Low Enriched Uranium (LEU) for existing civilian nuclear facilities, High-Assay LEU (HALEU) aimed at the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific applications, as well as contributions to quantum computing production for semiconductor technologies, the company said. LIS boasts a top-tier nuclear technical team collaborating with prominent nuclear entrepreneurs and industry experts, fostering strong connections within both governmental and private nuclear sectors.

In 2024, LIS Technologies Inc. was chosen as one of six domestic firms to engage in the LEU Enrichment Acquisition Program, which has a total budget of up to $3.4 billion, with contracts extending up to 10 years. Each recipient is projected to secure a minimum contract of US$2 million.

The company has been folding in talent recently, appointing former Deputy Administrator of the National Nuclear Security Administration (NNSA) Brent Park as its executive director of nuclear security and safeguards policy, prominent researcher and engineer Lakasz Urbanski as director of its stable isotope laser program, and leading regulatory expert Julie Olivier as its regulatory affairs and licensing director.

“LIST’s technology arrives at a pivotal moment, as the United States accelerates efforts to build a secure, domestic nuclear‑fuel supply chain,” Park said. “This proprietary technology can be a key step toward reducing reliance on foreign sources of enriched uranium and strengthening our national energy independence. I’m honored to join the company and look forward to advising the leadership team as they advance the CRISLA technology from revival to commercialization.”

Technology Undergoes Evaluation

Last month, the company announced that a group of independent evaluators conducted a Technology Readiness Level Assessment (TRA) of its CRISLA-3G technology at the LIST facility in Oak Ridge, Tennessee.

The CRISLA-3G laser isotope separation technology underwent evaluation and was confirmed to satisfy all criteria necessary for a TRL-4 rating, in accordance with the Department of Energy guidelines specified in DOE G 413.3-4A. This indicates that all essential components were successfully validated in a lab setting, backed by experimental outcomes from the integrated system.

“We are very pleased that the independent Technology Readiness Assessment team scored our TRL at 4, meeting 27 out of 27 criteria,” said Chief Executive Officer and co-founder Christo Liebenberg. “Additionally, the critical technical elements (CTEs) necessary for advancing through TRL-5, TRL-6, and TRL-7 in the upcoming years were also identified. We are confident in our capability to achieve all these CTEs as we pursue our path to commercialization.”

“With our engagement with the TRL assessment team, I feel reassured that our technology is progressing in the right direction,” said Co-Chief Technical Officer Viktor Chikan. “In my opinion, the TRL assessment offers essential transparency for both investors and the technical team to implement the project plan effectively and realize the commercial enrichment facility based on CRISLA technology.”

NANO Nuclear Energy Inc.

One public company on the cutting edge of new nuclear designs is NANO Nuclear Energy Inc. (NNE:NASDAQ). Earlier this year, the company set up a dedicated demonstration facility in Westchester County, New York, aimed at testing and validating essential non-nuclear elements of its microreactor designs. This facility will underpin the development of four microreactor models — ZEUS, ODIN, LOKI MMR, and KRONOS MMR — all engineered to deliver portable and scalable solutions for clean energy.

A primary emphasis of the facility will be on the company’s work with the Annular Linear Induction Pump (ALIP) technology, developed as part of a Small Business Innovation Research (SBIR) Phase III initiative. ALIP is an electromagnetic pump geared toward efficient thermal fluid management, which is crucial for nuclear energy applications. “This advanced facility will play a major role in our development efforts, providing our technical teams with access to key physical data,” stated Jay Yu, Founder and Chairman of NANO Nuclear Energy, in the press release.

To aid in the facility’s construction and development, NANO Nuclear has collaborated with aRobotics Company, an innovator in robotic fabrication and engineering. aRobotics will oversee the multimillion-dollar expansion of the facility and manage the production of crucial non-nuclear components for NANO Nuclear’s reactors, including tailored sensors and equipment to enhance ALIP technology. Their extensive background with the U.S. Department of Defense is expected to bolster safety and performance standards as NANO Nuclear progresses with its reactor innovations.

Streetwise Ownership Overview*

NANO Nuclear Energy Inc. (NNE:NASDAQ)

Retail: 52%
Strategic Investors: 24%
Institutions: 22%
Management & Insiders: 2%
52.0%
24.0%
22.0%
*Share Structure as of 6/20/2025

 

This facility is particularly timely, as New York State is investigating advanced nuclear energy options. NANO Nuclear has recently replied to a Request for Information (RFI) from the New York State Energy Research and Development Authority (NYSERDA) concerning the potential for new nuclear technology initiatives within the state. The company anticipates that the facility will be operational by the spring of 2025.

“Once operational, the facility will provide our technical teams with invaluable opportunities to gather physical data and optimize designs to integrate non-nuclear components effectively,” Chief Executive Officer and Head of Reactor Development James Walker said.

Ownership and Share Structure

According to Refinitv, 24% of Nano Nuclear is held by one strategic investor, I Financial Ventures Group LLC. Nearly 2% is with management and insiders, 22% is with institutions, and the rest is retail.

Notably, NNE was added to the VanEck Nuclear ETF, signaling increased institutional confidence and positioning the company within a portfolio of key players in the nuclear energy sector.

NANO Nuclear Energy Inc. has a market capitalization of approximately US$1.57 billion, with 41.39 million shares outstanding.

 

Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of LIS Technologies Inc.
  2. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
  3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Speculator Extremes: Brent Oil, Silver and 5-Year Bonds lead Bullish & Bearish Positions

By InvestMacro

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on June 10th.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

To signify an extreme position, we use the Strength Index (also known as the COT Index) of each instrument, a common method of measuring COT data. The Strength Index is simply a comparison of current trader positions against the range of positions over the previous 3 years. We use over 80 percent as extremely bullish and under 20 percent as extremely bearish. (Compare Strength Index scores across all markets in the data table or cot leaders table)



Here Are This Week’s Most Bullish Speculator Positions:

Brent Oil

Extreme Bullish Leader
The Brent Oil speculator position comes in as the most bullish extreme standing this week as the Brent speculator level is currently at a 100 percent score of its 3-year range.

The six-week trend for the percent strength score totaled a rise of 40 points this week. The overall net speculator position was a total of 13,216 net contracts this week with a rise of 2,936 contract in the weekly speculator bets.


Speculators or Non-Commercials Notes:

Speculators, classified as non-commercial traders by the CFTC, are made up of large commodity funds, hedge funds and other significant for-profit participants. The Specs are generally regarded as trend-followers in their behavior towards price action – net speculator bets and prices tend to go in the same directions. These traders often look to buy when prices are rising and sell when prices are falling. To illustrate this point, many times speculator contracts can be found at their most extremes (bullish or bearish) when prices are also close to their highest or lowest levels.

These extreme levels can be dangerous for the large speculators as the trade is most crowded, there is less trading ammunition still sitting on the sidelines to push the trend further and prices have moved a significant distance. When the trend becomes exhausted, some speculators take profits while others look to also exit positions when prices fail to continue in the same direction. This process usually plays out over many months to years and can ultimately create a reverse effect where prices start to fall and speculators start a process of selling when prices are falling.

 


Silver

Extreme Bullish Leader
The Silver speculator position comes in tied with Brent at the top of the extreme standings this week. The Silver speculator level is also at a 100 percent or maximum score of its 3-year range.

The six-week trend for the percent strength score was a gain of 21 points this week. The speculator position registered 66,650 net contracts this week with a weekly boost of 5,880 contracts in speculator bets.


Ultra U.S. Treasury Bonds

Extreme Bullish Leader
The Ultra U.S. Treasury Bonds speculator position comes in third this week in the extreme standings. The Ultra Long T-Bond speculator level resides at a 97 percent score of its 3-year range.

The six-week trend for the speculator strength score came in at 18 points this week. The overall speculator position was -203,747 net contracts this week with a jump of 24,696 contracts in the weekly speculator bets.


Live Cattle

Extreme Bullish Leader
The Live Cattle speculator position comes up number four in this week’s bullish extreme standings. The Live Cattle speculator level sits at a 92 percent score of its 3-year range. The six-week trend for the speculator strength score was 12 points this week.

The speculator position was 115,175 net contracts this week with a jump of 11,892 contracts in the weekly speculator bets.


Japanese Yen


The Japanese yen speculator position rounds out the top five in the extreme standings this week. The Japanese yen speculator level is at a 91 percent score of its 3-year range.

The six-week trend for the speculator strength score totaled a change of -10 points this week. The overall speculator position was 144,595 net contracts this week with a decline of -6,554 contracts in the speculator bets.



This Week’s Most Bearish Speculator Positions:

5-Year Bond

Extreme Bearish Leader
The 5-Year Bond speculator position comes in as the most bearish extreme standing this week. The 5-Year speculator level is at a 0 percent or minimum score of its 3-year range.

The six-week trend for the speculator strength score was -8 points this week. The overall speculator position was -2,470,920 net contracts this week with a drop by -74,384 contracts in the speculator bets.


Ultra 10-Year U.S. T-Note

Extreme Bearish Leader
The Ultra 10-Year U.S. T-Note speculator position comes in next for the most bearish extreme standing on the week as the speculator level is at just a 1 percent score of its 3-year range.

The six-week trend for the speculator strength score was -40 points this week. The speculator position was -369,282 net contracts this week with a small gain of 2,306 contracts in the weekly speculator bets.


3-Month Secured Overnight Financing Rate

Extreme Bearish Leader
The 3-Month Secured Overnight Financing Rate speculator position comes in as third most bearish extreme standing of the week. The SOFR 3-Months speculator level resides at a 2 percent score of its 3-year range.

The six-week trend for the speculator strength score was -29 points this week. The overall speculator position was -1,132,456 net contracts this week with a reduction by -202,389 contracts in the speculator bets.


Sugar

Extreme Bearish Leader
The Sugar speculator position comes in as this week’s fourth most bearish extreme standing. The Sugar speculator level is at a 4 percent score of its 3-year range.

The six-week trend for the speculator strength score was -19 points this week. The speculator position was -19,515 net contracts this week with a shortfall of -15,671 contracts in the weekly speculator bets.


Bitcoin

Extreme Bearish Leader
Finally, the Bitcoin speculator position comes in as the fifth most bearish extreme standing for this week. The Bitcoin speculator level is at a 7 percent score of its 3-year range.

The six-week trend for the speculator strength score was -17 points this week. The speculator position was -2,009 net contracts this week with an increase of 303 contracts in the weekly speculator bets.


Article By InvestMacroReceive our weekly COT Newsletter

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

Oil prices jumped to $75 per barrel. Israel attacked Iran’s nuclear infrastructure

By JustMarkets 

At the end of the trading day, the Dow Jones Index (US30) rose by 0.24%. The S&P500 (US500) Index rose by 0.38%. The Nasdaq (US100) technology index closed higher by 0.24%, helped by a 13% rise in Oracle shares after strong quarterly results and an encouraging forecast for cloud technology growth driven by demand for AI. However, Boeing shares fell 4.7% after the fatal crash of Air India’s Dreamliner aircraft, which put pressure on the Dow Jones index.

Economic data showed further signs of weakening inflation: the producer price index rose by only 0.1% in May, raising hopes for a Federal Reserve rate cut this year. President Trump reiterated that he insists on a significant rate cut and confirmed plans to send letters regarding tariffs to US trading partners, expressing confidence that trade relations with China will be normalized. Initial jobless claims in the US for the first week of June remained at 248,000, unchanged from the previous week’s revised figure and defying market expectations of a decline to 240,000. The figure remained at its highest level since early October 2024, signaling the first signs of easing in the labor market amid ongoing economic uncertainty.

In June, the Canadian dollar rose to around 1.36 per US dollar, its strongest level in eight months, primarily due to the weakening of the US dollar resulting from lower-than-expected inflation in the US and a reassessment of Fed policy. Domestically, the Bank of Canada’s decision in June to hold rates steady, abandoning its tightening bias, underscored a shift toward neutrality, narrowing the policy gap with the Fed and boosting the loonie.

Bitcoin fell to around US$103,700, continuing the losses of recent sessions and reaching a two-week low, as escalating geopolitical tensions and economic uncertainty triggered risk aversion. Israel’s preemptive strike on Iran and its declaration of a state of emergency increased the risk of imminent Iranian retaliation. In addition to broader market risks, President Donald Trump threatened new tariffs as the deadline for trade deals approached in early July.

European stock markets were mostly lower yesterday. The German DAX (DE40) fell by 0.74%, the French CAC 40 (FR40) closed down 0.14%, the Spanish IBEX35 (ES35) lost 0.32%, and the British FTSE 100 (UK100) closed 0.23%. President Donald Trump announced plans to send letters to major trading partners within a week or two, specifying unilateral tariffs that would be imposed. This move added uncertainty to global trade dynamics. However, Treasury Secretary Scott Bessent said that the 90-day pause on reciprocal tariffs could be extended for countries showing “goodwill” in negotiations.

On Friday, WTI crude oil futures jumped to around $75 per barrel, reaching their highest level since January, driven by fears of supply disruptions after Israel launched a preemptive strike on Iran. The prospect of a wider Middle East conflict threatens to disrupt the Strait of Hormuz, a key route through which about 20% of the world’s oil flows.

Asian markets declined yesterday. Japan’s Nikkei 225 (JP225) fell by 0.65%, China’s FTSE China A50 (CHA50) lost 0.25%, Hong Kong’s Hang Seng (HK50) fell by 1.36%, and Australia’s ASX 200 (AU200) showed a negative result of 0.31% on Thursday.

The Australian dollar fell to $0.649 on Friday, reversing the previous session’s gains amid weakening risk sentiment amid escalating tensions in the Middle East. The sharp escalation followed Israel’s preemptive strike on Iran, targeting Tehran’s nuclear program and vowing to continue operations until the threat is neutralized. This move fueled fears of retaliation by Iran and a broader regional conflict, putting pressure on risk-sensitive currencies such as the Australian dollar.

S&P 500 (US500) 6,045.23 +22.99 (+0.38%)

Dow Jones (US30) 42,967.62 +101.85 (+0.24%)

DAX (DE40) 23,771.45 −177.45 (−0.74%)

FTSE 100 (UK100) 8,884.92 +20.57 (+0.23%)

USD index 97.93 −0.70 (−0.70%)

News feed for: 2025.06.13

  • Japan Industrial Production (m/m) at 07:30 (GMT+3);
  • German Consumer Price Index (m/m) at 09:00 (GMT+3);
  • Eurozone Trade Balance (m/m) at 12:00 (GMT+3);
  • US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

How your electric bill may be paying for big data centers’ energy use

By Ari Peskoe, Harvard University and Eliza Martin, Harvard University 

In the race to develop artificial intelligence, large technology companies such as Google and Meta are trying to secure massive amounts of electricity to power new data centers. Electric utilities see the prospect of earning large profits by providing electricity to these power-hungry facilities and are competing for their business by offering discounts not available to average consumers.

In our paper Extracting Profits from the Public, we explain how utilities are forcing regular ratepayers to pay for the discounts enjoyed by some of the nation’s largest companies and identify ways policymakers can limit the costs to the public.

Shifting costs

In much of the U.S., utilities are monopolists. Within their service territories, they are the only companies allowed to deliver electricity to consumers. To fund their operations, utilities split the costs of maintaining and expanding their systems among all ratepayers – homeowners, businesses, warehouses, factories and anyone else who uses electricity.

Historically, a utility expanded its system to meet growing demand for electricity from new factories, businesses and homes. To pay for its expansion − new power plants, new transmission lines and other equipment − the utility would propose to raise electricity rates by different amounts for various types of consumers.

Public utility commissions are state agencies charged with ensuring that the public gets a fair deal. These commissions monitor how much money the utility spends to provide electric service and how its costs are shared among various types of ratepayers, including residential, commercial and industrial consumers. Ultimately, the public utility commission is supposed to approve any rate increases based on its assessment of what’s fair to consumers.

Splitting the utility’s costs among all consumers made perfect sense when population growth and economic development across the economy stimulated the need for new infrastructure. But today, in many utility service territories, most of the projected growth in electricity demand is due to new data centers.

Here’s the problem for consumers: To meet data center demand, utilities are building new power plants and power lines that are needed only because of data center growth. If state regulators allow utilities to follow the standard approach of splitting the costs of new infrastructure among all consumers, the public will end up paying to supply data centers with all that power.

A big price tag

One particularly acute example is in Louisiana. A Meta data center under development in the northeastern corner of the state is projected to use, by our calculations, twice as much energy as the city of New Orleans.

Entergy, the regional monopoly utility, is proposing to build more than US$3 billion worth of new gas-fired power plants and delivery infrastructure to meet the data center’s energy demand. Rather than billing Meta directly for these costs, Entergy is proposing to include the costs in rates paid by all customers.

Entergy claims its contract with Meta will cover some portion of the $3 billion price tag and that will mitigate any increases in consumers’ bills. But Entergy has asked state regulators to keep key terms of the contract secret, and only a redacted version of its application is available online.

The public has no idea how much it might pay if the commission approves the contract. And if the Meta data center ends up using much less power than the company anticipates, the public does not know whether it would be on the hook to pay higher electricity rates for longer periods to guarantee Entergy a profit.

Secret agreements

Our research, reviewing nearly 50 public utility commission proceedings about data centers’ power needs across 10 states, uncovered dozens of secretive contracts between utilities and data centers. Unlike Louisiana, most states require utilities to submit to the public utility commission their one-off deals with data centers, but they allow utilities to conceal the pricing terms from the public.

In normal rate-review cases, numerous parties advocate for their interests in a public proceeding, including members of the public, industry groups and the utility itself. But as our paper finds, utility commission reviews of data center contracts are based on confidential utility filings that are inaccessible to the general public. Few, if any, outsiders participate, and as a result the commission often hears only the utility’s version of the deal.

Because the pricing terms are secret, it is impossible to know whether the deal that a utility is offering to a data center is too low to cover the utility’s costs of providing power to the data center, which would mean that the public is subsidizing the deal. History shows, however, that utilities have a long history of exploiting their monopolies to shift costs to the public, including through secret contracts.

Other public costs

Our paper also explores other ways that the public pays for data center energy costs. For instance, many high-voltage interstate transmission projects, which connect large power plants to local delivery systems, are developed through regional planning processes run by numerous utilities. These alliances have complex rules for splitting the costs of new transmission lines and equipment among their utility members.

Once a utility is charged its share, it spreads the costs of new transmission projects among its local ratepayers. Because some regions are building new transmission capacity to accommodate data centers, our analysis finds that the public has been forced to pay billions of dollars for data center growth.

Data center energy costs can also be shifted when data centers connect directly to existing power plants. Under what are called “co-location” deals, the power plant stops selling energy to the wider public and just sells to the data center. With less supply in the overall market, prices go up and the public faces higher bills as a result.

Many state legislatures are noticing these problems and working to figure out how to address them. Several recent bills would set new terms and conditions for future data center deals that could help protect the public from data center energy costs.The Conversation

About the Author:

Ari Peskoe, Lecturer on Law, Harvard University and Eliza Martin, Legal Fellow, Environmental and Energy Law Program, Harvard University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

OPEC+ announced an increase in oil production. The US and China will hold new trade talks

By JustMarkets 

At the end of Friday, the Dow Jones Index (US30) rose by 0.13% (+1.79% for the week). The S&P500 (US500) Index fell by 0.01% (+2.24% for the week). The Nasdaq (US100) technology Index closed down 0.11% (+2.57% for the week). The US stocks recouped most of their earlier losses in late trading on Friday after Donald Trump said he expected talks with Xi Jinping following accusations that China had violated trade agreements. President Trump said that China had “completely violated” its trade agreement with the US, heightening fears of a protracted dispute. Chipmakers led the decline in the technology sector: Nvidia, AMD, Micron, and Intel fell more than 1.5%. Meanwhile, the Fed’s preferred inflation gauge showed easing price pressures, providing some relief.

The Canadian dollar strengthened above 1.38 per dollar, approaching the seven-month high of 1.37 reached on May 26, as strong data prompted markets to reevaluate the extent of rate cuts by the Bank of Canada. In the first quarter, Canada’s GDP grew by 2.2% year-on-year, significantly exceeding growth expectations of 1.7%. Although much of the support came from strong exports and inventories due to stockpiling ahead of US tariffs, the result was still supported by other data pointing to the resilience of the Canadian economy. Retail sales rose sharply for the second month in a row.

European stock markets were mostly up on Friday. The German DAX (DE40) rose by 0.27% (-0.05% for the week), while the French CAC 40 (FR40) closed down 0.36% (-1.04% for the week), the Spanish IBEX35 (ES35) added 0.25% (-0.75% for the week), and the British FTSE 100 (UK100) closed up 0.64% (+0.38% for the week). Investors welcomed economic data, including favorable inflation data from Germany, Italy, and Spain, which reinforced expectations of an ECB rate cut this week. However, market sentiment was weakened by ongoing trade uncertainty. The Federal Appeals Court overturned a lower court ruling and temporarily reinstated President Donald Trump’s tariffs, a day after they were overturned for exceeding presidential authority.

On Saturday, OPEC+ announced an increase in oil production of 411,000 barrels per day (bpd) in July. The decision was made during a virtual meeting in which member countries, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, assessed the state of the global market. The group had initially planned a more modest increase of 134,000 barrels per day, but adjusted its strategy, citing “the sustained outlook for the global economy and the current healthy fundamentals of the market, reflected in low oil inventories.” Goldman Sachs expects OPEC+ to complete a 0.41 million barrel per day increase in production in August, which will be the last planned adjustment to the current production strategy.

Asian markets traded without a single trend last week. Japan’s Nikkei 225 (JP225) rose by 2.03%, China’s FTSE China A50 (CHA50) fell by 2.03%, Hong Kong’s Hang Seng (HK50) decreased by 0.92%, and Australia’s ASX 200 (AU200) showed a positive result of 0.89%.

The official PMI Index for China’s manufacturing sector from NBS rose to 49.5 in May 2025 from April’s 16-month low of 49.0, matching market expectations and marking the second consecutive month of decline in business activity. Production volumes recovered (50.7 vs. 49.8 in April), helped by the truce in the trade war and Beijing’s efforts to stimulate domestic demand and strengthen the sluggish economy. The official PMI Index for China’s non-manufacturing sector from the NBS fell to 50.3 in May 2025 from 50.4 in the previous month, falling short of market expectations of 50.6 and marking the lowest level since January.

The Australian dollar rose to around 0.646 on Monday, supported by a weaker US dollar amid investor concerns over US President Donald Trump’s tariff measures. On Friday, Trump announced plans to double tariffs on steel and aluminum imports from 25% to 50% starting June 4. This announcement, along with escalating trade tensions between the US and China, heightened investor concerns about slowing growth and rising inflationary pressures. In Australia, data showed that the manufacturing sector weakened for the second consecutive month in May, falling to its lowest level since February, indicating a slowdown in industrial activity.

Annual inflation in Indonesia fell to 1.60% in May 2025 from an eight-month high of 1.95% in April, as price pressures eased after the Eid al-Fitr celebrations. Inflation remained within the central bank’s target range of 1.5% to 3.5%. Core inflation, which excludes administered and volatile food prices, fell to a four-month low of 2.4% from a 22-month peak of 2.50% in April.

S&P 500 (US500) 5,911.69 −0.48 (−0.01%)

Dow Jones (US30) 42,270.07 +54.34 (+0.13%)

DAX (DE40) 23,997.48 +64.25 (+0.27%)

FTSE 100 (UK100) 8,772.38 +55.93 (+0.64%)

USD Index 99.44 +0.16 (+0.16%)

News feed for: 2025.06.02

  • Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
  • Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
  • Switzerland Retail Sales (m/m) at 09:30 (GMT+3);
  • Switzerland GDP (q/q) at 10:00 (GMT+3);
  • Switzerland Manufacturing PMI (m/m) at 10:30 (GMT+3);
  • German Manufacturing PMI (m/m) at 10:55 (GMT+3);
  • Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
  • UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
  • US ISM Manufacturing PMI (m/m) at 17:00 (GMT+3);
  • Eurozone ECB President Lagarde Speaks at 19:30 (GMT+3);
  • US Fed Chair Powell Speaks at 20:00 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Critical minerals don’t belong in landfills – microwave tech offers a cleaner way to reclaim them from e-waste

By Terence Musho, West Virginia University 

When the computer or phone you’re using right now blinks its last blink and you drop it off for recycling, do you know what happens?

At the recycling center, powerful magnets will pull out steel. Spinning drums will toss aluminum into bins. Copper wires will get neatly bundled up for resale. But as the conveyor belt keeps rolling, tiny specks of valuable, lesser-known materials such as gallium, indium and tantalum will be left behind.

Those tiny specks are critical materials. They’re essential for building new technology, and they’re in short supply in the U.S. They could be reused, but there’s a problem: Current recycling methods make recovering critical minerals from e-waste too costly or hazardous, so many recyclers simply skip them.

Sadly, most of these hard-to-recycle materials end up buried in landfills or get mixed into products like cement. But it doesn’t have to be this way. New technology is starting to make a difference.

Multiple printed circuit boards laid on top of one another.
A treasure trove of critical materials is often overlooked in e-waste, including gallium in LEDs, indium in LCDs, and tantalum in surface mount capacitors.
Ansan Pokharel/West Virginia University, CC BY

As demand for these critical materials keeps growing, discarded electronics can become valuable resources. My colleagues and I at West Virginia University are developing a new technology to change how we recycle. Instead of using toxic chemicals, our approach uses electricity, making it safer, cleaner and more affordable to recover critical materials from electronics.

How much e-waste are we talking about?

Americans generated about 2.7 million tons of electronic waste in 2018, according to the latest federal data. Including uncounted electronics, a survey by the United Nations suggests that the U.S. recycles only about 15% of its total e-waste.

Even worse, nearly half the electronics that people in Northern America sent to recycling centers end up shipped overseas. They often land in scrapyards, where workers may use dangerous methods like burning or leaching using harsh chemicals to pull out valuable metals. These practices can harm both the environment and workers’ health. That’s why the Environmental Protection Agency restricts these methods in the U.S.

The tiny specks matter

Critical minerals are in most of the technology around you. Every phone screen has a super-thin layer of a material called indium tin oxide. LEDs glow because of a metal called gallium. Tantalum stores energy in tiny electronic parts called capacitors.

All of these materials are flagged as “high risk” on the U.S. Department of Energy’s critical materials list. That means the U.S. relies heavily on these materials for important technologies, but their supply could be easily disrupted by conflicts, trade disputes or shortages.

Right now, just a few countries, including China, control most of the mining, processing and recovery of these materials, making the U.S. vulnerable if those countries decide to limit exports or raise prices.

These materials aren’t cheap, either. For example, the U.S. Geological Survey reports that gallium was priced between US$220 to $500 per kilogram in 2024. That’s 50 times more expensive than common metals like copper, at $9.48 per kilogram in 2024.

Revolutionizing recycling with microwaves

At West Virginia University’s Department of Mechanical, Materials and Aerospace Engineering, I and materials scientist Edward Sabolsky asked a simple question: Could we find a way to heat only specific parts of electronic waste to recover these valuable materials?

If we could focus the heat on just the tiny specks of critical minerals, we might be able to recycle them easily and efficiently.

The solution we found: microwaves.

This equipment isn’t very different from the microwave ovens you use to heat food at home, just bigger and more powerful. The basic science is the same – electromagnetic waves cause electrons to oscillate, creating heat.

In our approach, though, we’re not heating water molecules like you do when cooking. Instead, we heat carbon, the black residue that collects around a candle flame or car tailpipe. Carbon heats up much faster in a microwave than water does. But don’t try this at home; your kitchen microwave wasn’t designed for such high temperatures.

Photo of a chemistry lab space with colorful gas bottles. At the center of the image is a microwave reactor connected by a waveguide to a microwave source.
West Virginia University researchers are using this experimental microwave reactor to recycle critical materials from end-of-life electronics.
Ansan Pokharel/West Virginia University, CC BY

In our recycling method, we first shred the electronic waste, mix it with materials called fluxes that trap impurities, and then heat the mixture with microwaves. The microwaves rapidly heat the carbon that comes from the plastics and adhesives in the e-waste. This causes the carbon to react with the tiny specks of critical materials. The result: a tiny piece of pure, sponge-like metal about the size of a grain of rice.

This metal can then be easily separated from leftover waste using filters.

So far, in our laboratory tests, we have successfully recovered about 80% of the gallium, indium and tantalum from e-waste, at purities between 95% and 97%. We have also demonstrated how it can be integrated with existing recycling processes.

Why the Department of Defense is interested

Our recycling technology got its start with help from a program funded by the Defense Department’s Advanced Research Projects Agency, or DARPA.

Many important technologies, from radar systems to nuclear reactors, depend on these special materials. While the Department of Defense uses less of them than the commercial market, they are a national security concern.

We’re planning to launch larger pilot projects next to test the method on smartphone circuit boards, LED lighting parts and server cards from data centers. These tests will help us fine-tune the design for a bigger system that can recycle tons of e-waste per hour instead of just a few pounds. That could mean producing up to 50 pounds of these critical minerals per hour from every ton of e-waste processed.

If the technology works as expected, we believe this approach could help meet the nation’s demand for critical materials.

How to make e-waste recycling common

One way e-waste recycling could become more common is if Congress held electronics companies responsible for recycling their products and recovering the critical materials inside. Closing loopholes that allow companies to ship e-waste overseas, instead of processing it safely in the U.S., could also help build a reserve of recovered critical minerals.

But the biggest change may come from simple economics. Once technology becomes available to recover these tiny but valuable specks of critical materials quickly and affordably, the U.S. can transform domestic recycling and take a big step toward solving its shortage of critical materials.The Conversation

About the Author:

Terence Musho, Associate Professor of Engineering, West Virginia University

This article is republished from The Conversation under a Creative Commons license. Read the original article.