Beijing Blacklists 14 EU Firms After Brussels Targets Chinese Companies In Latest Russia Sanctions Package

Power Transformer Lead Times Hit Record Highs As US Grid Equipment Shortage Deepens By West Garrett of Industrial Sage Summary: Power transformer lead times now average 128 weeks — nearly 2.5 years — with generator step-up transformers averaging 144 weeks Prices for power transformers have risen 77% since 2019, driven by surging demand and constrained raw material supply Cleveland-Cliffs is the only domestic producer of grain-oriented electrical steel, the specialized material transformers require Demand for generator step-up transformers has grown 274% since 2019, outpacing any increase in manufacturing capacity For industrial developers, equipment availability has replaced...

"It's Getting Worse": HSBC Warns Commodities Face Squeeze As Chokepoint Chaos Spreads The key takeaway heading into the weekend is that maritime chokepoint chaos has spread from the Strait of Hormuz to the Bab el-Mandeb Strait, while fighting across the Black Sea has intensified between Russia and Ukraine. The widening disruptions have prompted several institutional desks this week to warn that a potential squeeze on physical commodity markets could send prices from energy to agricultural goods higher. "The Middle East conflict has escalated, putting a substantial squeeze back into commodity markets,"...

US Seeking 'Precise Info' On Iran's Enriched Uranium Via IAEA Board Via The Cradle Washington has turned to the International Atomic Energy Agency (IAEA) Board of Governors in order to determine the fate of Iran’s highly enriched uranium, according to reports by Reuters and other media outlets. Sources cited by Reuters – which obtained a draft of a resolution being pushed by the US – said that Iran is being called on to “provide the Agency with precise information on nuclear material accountancy and safeguarded nuclear facilities in Iran.” via Reuter The US draft also calls on Tehran...