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Oil Price Shock Drives 140% Surge In China's EV Exports To Record High By Michael Kern of OilPrice.com, Chinese electric vehicle exports soared by 140% to a record high in March as the fuel price shock drove consumers back to EVs. BYD electric vehicles bound for export in China.Source: AFP/Getty Images China exported as many as 349,000 electric vehicles last month, a record high number of any month ever, according to data from the China Passenger Car Association cited by Bloomberg. Drivers in Asia Pacific, Europe, and the United States started searching for EVs...

Hormuz Chokepoint Claims Next Victim: World's Largest Aluminum Smelter Cuts Capacity The world's largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story - it's now spreading into industrial metals. These second- and third-order effects could soon disrupt global supply chains and tighten aluminium availability, thus pressuring prices higher.  Bloomberg reports that Aluminium Bahrain (Alba) began a controlled, safe shutdown of three...

Trump Says US-Iran Ceasefire Is Over, Will 'Give A Little Warning: Going To Hit Them Hard Tonight' Update(0930ET): After earlier saying from the NATO summit in Ankara that the Iran ceasefire is "over" - and amid fears of renewal of full-scale war given that Tehran has launched drone and missile attacks on nearby American allies Kuwait and Bahrain once again, President Trump said on Wednesday that he would "probably hit Iran tonight". He issued the major threat and warning during a press conference at the NATO summit: "I'll give a little warning:...