Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock

The credit agency Moody’s has calculated that the war against Iran has cost each American household $750.  Moody’s chief economist Mark Zandi said that in under three months of war, the cost of the war against Iran has already offset the additional tax breaks Americans received under President Donald Trump’s tax cuts. “As of May […]

Vistra In Line For $4 Billion Nuclear Loan As Washington’s Lending Spree Continues The Trump administration plans to offer Vistra roughly $4 billion in loans to uprate an additional 433 MW from its Perry and Davis-Besse plants in Ohio and Beaver Valley in Pennsylvania, Bloomberg reported Friday. Energy Secretary Chris Wright could announce the package Monday during a visit to the Perry plant.  Earlier this year, Meta signed a deal with Vistra for electricity from the same three power plants. The 20-year power purchase agreements (PPAs) cover 2,176 MW of existing...

'No Deal': Vance Leaves Islamabad As Iran Talks Stall Over Nukes; US Starts Mine-Clearing Hormuz Summary:  US-Iran peace talks have broken down over Iran's commitment to no nuclear weapons, Vance said "it's bad news for Iran, much more than for the US." CENTCOM confirms two mine-sweepers are clearing the Strait, Iran claims it turned the warships back. President Trump announces start of "clearing out the Strait" as a favor to the rest of the world. Peace talks in Pakistan begin in indirect format, led by Vance and on Iran side - Ghalibaf, Arachchi - expected to...