India plans to accelerate coal imports
EU lacks effective minerals strategy
Germany warns of recession risk ($FT)
EU sanctions threaten recession ($BBG)
NATO’s war aims become bolder ($WSJ)
Carbon capture – where is it working?
India’s heatwave in third month ($BBG)
China’s epidemic and economy (trans.)
China becomes world’s top gas importer
U.S./Iran nuclear talks hit impasse
India’s cooking oil imports at risk
‘Arsenal of democracy’ (Roosevelt 1940)
INDIA’s temperatures have been consistently above the long-term seasonal average in the north and west of the country since March 13, driving record demand for refrigeration and air-conditioning. In New Delhi’s Palam suburb, cooling demand has been 43% higher than normal since the start of the year:
INDIA’s daily peak electricity consumption hit a new record of 207,000 megawatts last week as the heatwave boosted demand:
INDIA’s power generators held coal stocks equivalent to just 8 days worth of consumption at the end of April, compared with 12 days at the same point in 2021 and 18 days in 2019, as record power generation has made it hard to rebuild inventories after they were severely depleted in 2021:
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