Saudi Reroutes Oil via Red Sea Amid Hormuz Closure
♦️Here’s a striking example of how a closure of the Strait of Hormuz can reshape global oil flows—and how Saudi Arabia can rapidly adapt by diverting supplies from its eastern fields to western Red Sea terminals. ♦️A VLCC oil tanker was heading northwest to load crude at Ras Tanura in the Persian Gulf. When the strait closed, the vessel turned around and headed instead to the Al Muajjiz terminal on the Red Sea, where Saudi Arabia had already pumped the oil westward through its East-West pipeline system. Now this VLCC is loaded with 2 mb of Arab light and heading to East Asia ♦️The largest and fastest effort to mitigate the impact of the Hormuz crisis is coming from Saudi Arabia. Map form @Kpler I added the pipelines and the light green arrows.
Novelis Adds Bag Houses for 85k‑ton Recycling Boost
Novelis commissions bag houses at UK plant to support an 85,000 t/yr recycling expansion before UK DRS. https://www.metalnomist.com/2026/03/novelis-commissions-bag-houses-at-uk.html
US and Chile Launch Talks to Secure Critical Minerals
US-Chile critical minerals talks open to secure copper, lithium, and rare earth supply chains. https://www.metalnomist.com/2026/03/us-chile-critical-minerals-talks-kick.html
Mineral Resources Launches WA's First 2026 Iron Ore Mine
Mineral Resources brings little Lamb Creek to life as WA’s first new iron ore mine of 2026 https://t.co/ChB3CftVJn
Red Sea Swarms with Tankers as Hormuz Remains Closed
MAP OF THE DAY: While the Strait of Hormuz remains largely closed (other than a few tankers, notably from India), the Red Sea is witnessing the arrival of an oil tanker armada to the Saudi terminals there. (Tracking via @TheTerminal) (Blue...
Australia Seeks Foreign Gas Investment Amid Middle East Turmoil
Australia is lobbying for more overseas investment in its gas resources as the Middle East conflict riles energy markets 🇦🇺💰 https://t.co/GpZPpkrjwB https://t.co/pVWyatVjys
China's Commodity Markets Roiled by Fuel Ban, Iron Ore Dispute
It was a big week for commodities in China. On the iran war we had a refined fuel export ban and a request to access commercial reserves. Meanwhile the China, BHP iron ore saga exploded into life again
IEA Sets Immediate Oil Release for Asia, Delays Europe, America
IEA has provided an update on the emergency oil stock release, with details on timing, regional split, and crude/product split. Asia stocks will be released immediately. Europe / America only at the of March. Still missing is the flow rate, however....
Trump Forces Unpopular Northern Iraq Oil Export Resumption
Press the translate button. Remember what I mentioned before: The resumption of oil exports form Northern Iraq was forced by the Trump administration. None of the parties are happy, especially the KRG.
Fuel Oil Prices Spike, Threatening Container Shipping Costs
COLUMN: While the price of Brent and WTI crudes remain well below their record high, the cost of fuel oil has surged above the 2022 and 2008 peaks. The surge is a big problem for the workhorse of globalisation: the container...
LNG Fleet Shifts to Asia, China Eyes US Supply
⭕️A large number of LNG carriers were diverted from Europe to Asia. Will China restarts buying US LNG? Map form @Kpler I added the red arrows
China Lifts BHP Iron Ore Ban as Mills Scramble
China eases ban on BHP iron ore after steel mills rush to buy in amid price rises https://t.co/WaN0cB2ddK
Iran Says Hormuz Open, only US/Israeli Ships Barred
"Iranian Foreign Minister Abbas Araghchi on Saturday said the Strait of Hormuz is open and that the strategic route is only closed to the US and Israeli vessels" Are ships and tankers moving? If not, then where is the problem? Look...
Iran War Drives up Global Prices, Hitting Canada
For those of us fortunate enough to be far away and out of the line of fire, the impacts of the war in Iran are economic. Why is the war making the price of so many things more expensive? #canada🇨🇦...
Greek-Owned Tanker Safely Crosses Hormuz with 1 Mb Arab Light
Here is an oil tanker that crossed the Hormuz Strait with no incident. It will arrive at Mumbai port in India tonight. It is carrying about 1 mb of Arab Light crude from Ras Tanura in Saudi Arabia. It is...
Surplus Supply Likely Drives Gas Prices Back Toward $2
Gasoline Surge Above $3 May Fuel Reversion Toward $2 - The national average gasoline price has jumped above $3 a gallon on the back of the Iran war, which may fuel reversion toward $2 by year-end. My graphic highlights a...
Drone Strike Halts Fujairah Oil Loading After Kharg
The response after Kharg Island? Some oil loading operations in the UAE port of Fujairah, just outside the Strait of Hormuz, have been suspended after a drone attack and fire on Saturday morning. https://t.co/rhA5ofo80y https://t.co/SkhA67PyzU
Aramco Loads Five Crude Tankers Simultaneously—Historic First
Saudi Aramco is loading simultaneously 5 crude oil tankers in Yanbu and Al Mujjaiz terminals on the Red Sea coast. I don’t think that’s happened ever before.
LPG Tankers Cross Hormuz After Tehran‑Delhi Talks
One-off or sign of easing? Two tankers transporting LPG (think the butane canisters) have crossed the Strait of Hormuz in the last few hours on the way to India. The crossing happened after gov-to-gov talks between Tehran and New Delhi....
Germany, India Forge Critical Minerals Partnership Across Supply Chain
Germany and India sign new deals to deepen critical minerals cooperation across mining, processing, and recycling. https://www.metalnomist.com/2026/03/germany-india-strengthen-critical.html
Taseko Nears First Copper Cathode as Arizona Plant Finishes
Taseko expects first copper cathode in coming weeks as Florence Copper completes construction in Arizona. https://www.metalnomist.com/2026/03/taseko-expects-first-cu-cathode-in.html
Iran Shifts Oil Payments to Yuan, Undermining Dollar Dominance
Iran has stated it will allow tankers through the Strait of Hormuz - but only for shipments paid for in Chinese yuan rather than US dollars. The dollar is THE standard currency of the fossil fuel trade. Iran didn’t just announce...
US Shifts SPR Strategy From Sale to Loan Exchange
The US gov seems to have changed its mind about the terms of the use of the Strategic Petroleum Reserve: Earlier this week, it announced a **SPR release** (an outright sale, and the method used in the emergency actions of...
White House Admits Plan: Bomb Kharg Island Amid Hormuz Closure
OK, I suppose we should admit the White House was right, and, all along, they did have a plan to deal with the closure of the Strait of Hormuz. Bomb Kharg Island.
DOE Allocates $500M for Mineral Processing, Recycling, Batteries
US Energy Dept aims to fund $500 million in minerals processing & recycling, along with battery parts
Rio Tinto's Lithium Strategy in Disarray, Priorities Misaligned
Sad story. @RioTinto’s #lithium “strategy” seems in total disarray. Flip-floping on hard rock. Focusing on Rincon instead of the better brine assets in Argentina. Do the industry a favor and sell some of your projects. You clearly don’t know how...
Rio Silver Reports Ongoing Progress at Maria Norte
Rio Silver Provides Corporate Update Highlighting Continued Operational Progress at Maria Norte - Rio Silver https://t.co/LA99y4ynqV $RYO.V $RYOOF
API and CME Resist White House Oil‑Price Cuts
The American Petroleum Institute and CME (owner of the top US commodity exchange) are both pushing against some of the ideas the White House is floating to bring oil prices down. Reflexively, one would think that Joe Biden is...
Insiders and Fund Ramp Up Buying; Stock Still Cheap
Almost a half M$ of Insider buying at @Pacifica_Silver in last 3 months, plus ANOTHER fund bought 4M shares—5% of the stock—in the open market over last 30 days. Accumulate while it's still cheap. Aggressive drilling underway, overweight position for me:...
Renewables Safeguard Rinehart’s Lithium Venture Amid Fossil Crisis
As always, the quarterlies tell the truth. "We are 80 pct renewable:" Wind and solar shield Gina Rinehart's big lithium play from fossil fuel crisis https://t.co/pGF3RZbT0n
Forrest's Green Grid Blueprint Drives Smart Pilbara Industry
The Green Grid’s Neural Network: Andrew Forrest’s Visionary Blueprint for an Intelligent Industrial Future - The landscape of the Pilbara is changing, not just the rust-red dust or the gargantuan scale of the iron ore pits that define the horizon...
Energy Expert Blames India for Hormuz Closure
Energy Expert Anas Alhajji Reveals Truth Of Hormuz Closure, Says 'India ... https://t.co/dGuOAIsElS via @YouTube
Coal Mine Threatening Koalas Gets Clearance Amid Renewable Stagnation
Methane-leaking, koala-threatening coal mine gets all-clear in state where renewables projects are in limbo #energysky -- via Renew Economy: https://t.co/W2m9PXwwuO https://t.co/idcip5eygl
Korea Zinc Partners US Tech to Recycle Data‑center Rare Earths
Korea Zinc in talks with US tech firms to extract rare earths from data center waste https://t.co/7xDhXEeStL
Iran Keeps Flooding Strait of Hormuz with Oil
VIDEO EXPLAINER: The most important map of the Third Gulf War — the oilfields, the Strait of Hormuz, and the bypass pipelines. Plus a look at how, two weeks into the war, Iran is still exporting lots of its oil,...
Brent Breaches $100, First Time in 3½ Years
Brent closes the day above $100 a barrel for the first time in three and a half years. Note: during the 2022 crisis, Brent settled above triple-digit level for 110 days. So far in 2026, just one day.
Pennsylvania Faces Soft Fracking Ban—Public Must Speak Up
I don’t think Pennsylvanians understand how big of a deal this is for the health of our state. This would ultimately be a soft ban on fracking in the state. When comment periods open later this year, we have to...
Saudi Pays Record Tanker Rates to Ship Red Sea Crude
Saudi Arabia is booking more and more super oil tankers at sky high rates (>$450,000 a day vs pre-war levels of $100,000 a day) to shift crude from the Red Sea into global markets.
Bayhorse Silver Launches 2,000‑meter Underground Drill Program
Bayhorse Silver $BHS.V $BHSIF Mobilizes Diamond Drill To The Bayhorse Silver Mine For A Minimum 2,000 Meter Underground Drill Program by @newsfile https://t.co/YNKuSkNh8x https://t.co/NZx3dJU5Ww
Rio Silver Poised for Production, Attractive Buy at $85/Oz
Rio Silver $RYO.V $RYOOF Great buy opp setting up here on Rio Silver with Silver still trading at $85/oz and the company going into production by year end ... https://t.co/FCYB1X4WaD
Oman's 0.7 Mb/D Oil Exports Risk Disruption
Another problem if Oman's ~0.7 Mb/d of oil exports are also interrupted even though outside Hormuz
China Extends Ban, Halts BHP Iron Ore Purchases
China is expanding its ban on steel mills buying BHP iron ore again, adding another product to the blacklist. They've been negotiating for BHP for ~6 months now and there's no end in sight. This is the second ban in...
PTC Lands ISRO Titanium Ingot Order, Expands VAR/PAM Capability
PTC secures an aerospace-grade titanium ingot order for ISRO and scales VAR and PAM capability. https://www.metalnomist.com/2026/03/aerospace-grade-titanium-ingot-order.html
Alamos Gold: Undervalued Mid‑Tier Leveraged Pick
. @AlamosGoldInc $AGI top pick ~1M oz by 2030, low-cost North America ops, falling AISC, net cash funding growth, undervalued vs peers. Best mid-tier leverage to gold.
MP Considers Texas Site for Second Magnet Plant
MP weighs Northlake, Texas, for a second magnet plant as it builds a 10X facility targeting 10,000 t/yr by 2028. https://www.metalnomist.com/2026/03/mp-materials-second-magnet-plant-could.html
Iran Ramps up Energy Attacks as Oil Stays Sub‑$100
Overnight Iran reacted to the IEA's oil release intensifying its attacks on regional energy targets, including two small-sized fuel tankers in Iraq. Tehran knows oil is what could force President Trump to end the war early. Still, both Brent and...
Trump Releases 172 Million Barrels From Strategic Reserve
Given the Trump' Administration decision to release 172 mb form the SPR, this is a must watch (from November 2022)
Nevada Gold Potential Grows as Strikepoint Advances Hercules
There is still plenty to discover in Nevada, says @strikepointgold's Michael Allen, especially with gold's run. The company is advancing its Hercules gold project. $SKP https://t.co/iIGi0ZW4QT https://t.co/BrEyGfD6a8
Gold's New Baseline Sets Mining Stocks to Outperform 2026
As high gold prices become the baseline, mining equities are poised to outperform in 2026 – VanEck’s Casanova $GDXJ $SILJ $CDNX https://t.co/L3SEm4naG1 via @KitcoNewsNOW
SPR Release Announcement Triggers Panic, Fuels Oil Prices
In case you are wondering why oil prices continued to rise despite the US announcement of a massive SPR release: In the SPR literature, more than 30 years ago, experts warned that announcing an SPR release might signal crisis and cause...