" ... this wave is the main driver of a lengthy bearish cycle for European natural gas (TTF) and LNG (JKM), which we expect to bottom in 2028/29."

Favorable weather in Brazil. 

"Spot momentum continues into the new year. Uranium pricing has shown continued strength..." 

China’s marginal advantage is a willingness to accept human and environmental costs other nations eschewed...

"Many key areas were well below 28 degrees for over four hours between Sunday and this morning."

"There's some light at the end of the tunnel for the winter-weary East Coast." 

 

"We want to end the war and we are ready..."

In a bloc-based world, key commodities are strategic assets and their clearing price increasingly includes a premium on the security of supply..

"While Winter Storm Fern's negative impact on US production has matched our baseline, incremental gas demand has beaten our expectations..." 

"Affordable Power. Grid Reliability. All from American Coal." 

USA Rare Earth’s (USAR) strategy is characterized by its comprehensive “mine-to-magnet” vertical integration, a significant geographic footprint across North America and Europe.

"The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals." 

"Winter is Coming for Appalachia. "

"We estimate that near-term deliverability risks are meaningful, even taking into account..."

The commodities rally is only just beginning, as countries shift toward greater self-reliance and less efficient use of resources while becoming more indebted.

Winter is Coming for Appalachia: This week's Appalachian nat gas production is already down 1.1 Bcf/d versus... 

Demand is deteriorating: European cocoa grindings fell to the lowest quarterly level since 2013, Asia also... 

"Freeze offs are going to happen again by the weekend. It's just a matter of how much and how long those impact supply." 

"Henry Hub on an absolute tear overnight! Front natural gas contracts hit a $4.95 high overnight, peaking..." 

"The shortfall is likely to persist over the medium to long term with a possibility of a non-recovery."