It seems that China, along with Western Europe, are struggling to deal with rising energy costs brought on by the fact that thermal coal is now at all time highs and gas is in limited supply.
China has had to ration its electricity use, with several industries & homes being asked to limit their use.
finance.yahoo.com
China has had to ration its electricity use, with several industries & homes being asked to limit their use.
China power crunch spreads, shutting factories and dimming growth outlook
Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut early as the economic toll of the squeeze mounted. China is in the grip of a power crunch as a…
finance.yahoo.com
These measures have already had a direct impact on nickel prices. I wouldn’t be surprised if other commodities are affected too.
Does anyone have any insights into how long this would be expected to last?
Be the first to comment