1st Topic of the Week: Control of materials is increasingly defining geopolitical leverage and industrial dominance, with MP Materials leading America’s strategic race for rare
As recognition grows that surging US (and global) power demand will be a challenge to supply fully, we think appreciation will also further rise for
General Thoughts: We do not view the LyondellBasell strategic review of its European petrochemical assets with surprise, as it is a sign of more to
ExxonMobil and SABIC announced ethylene closures in Europe will remove less than 0.5% of capacity from a global market that is oversupplied by 25+% and
General Thoughts: The economic link between chemical feedstock suppliers and chemical producers has always been significant – recent market developments could work to quicken global
More production capacity, cheap availability from China, more new entrants, and much higher borrowing rates paint a worrying picture for EVs in 2024.
The net
North American commodity chemical profits have risen relative to the start of 2023, exceeding low mid-year expectations in 3Q23, as the global production cost curve
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