In the news today…
Industry:
- The Wall Street Journal reports that commodity prices are booming on fears of shortages as the West severs ties with resource-rich Russia, but there is little global miners can do to fill supply gaps anytime soon.
Energy:
- Politico Pro reports Energy Secretary Jennifer Granholm told global energy leaders Wednesday they needed to move fast to address the oil and gas crisis sparked by Russia’s invasion of Ukraine while also staying focused on building a clean energy economy to fight the threats from climate change.
- The Wall Street Journal reports that prices of uranium have soared to $57.50 per pound, up more than a third since Russia’s invasion of Ukraine. The immediate catalyst is fear that uranium supply out of Russia might be disrupted.