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Indonesian Coal Miner to Build $728 Million Aluminum Smelter - Adaro also unveils battery plan in diversification push as the Southeast Asian country tries to ‘leapfrog’ up the industrial chain ....
SINGAPORE: The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. ....
(Bloomberg) The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. ....
The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. Here is a guide to how the crisis is playing out in global equities. ....
(Bloomberg) The global energy crisis is intensifying, hammering the shares of companies that consume a lot of power and sending the stocks of those that produce it soaring. Economic recovery from the pandemic has boosted demand for gas and coal but their supplies have not been able to keep up. With the northern hemisphere winter on the horizon and China the world’s biggest electricity user ordering state-owned energy firms to secure supplies at all costs, investors are in a race to pick the winners and losers. A key measure of international energy producers, led by names including Cabot Oil & Gas Corp. and ConocoPhillips, has rallied almost 10% over the past month. Utilities stocks have gone into reverse, wiping out this year’s gains, with materials companies joining them among the biggest laggards on the MSCI World Index. “The energy crisis can exist for the next several years. I think a super cycle in energy has started and will continue for several years,” said Sumeet ....