The New Oil? Rare Earths Spark Global Power Play

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The rare earths market is experiencing a period of significant volatility, driven primarily by China's recent export restrictions. These restrictions, which came into effect on October 1, 2024, have ...

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Rare Earths Spark Global Power Play","media":"Oilprice.com","content":"<div>\n<p>The rare earths market is experiencing a period of significant volatility, driven primarily by China's recent export restrictions. \nThese restrictions, which came into effect on October 1, 2024, have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-rare-earths-spark-global-210000481.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The New Oil? Rare Earths Spark Global Power Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe New Oil? Rare Earths Spark Global Power Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-12 05:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-rare-earths-spark-global-210000481.html><strong>Oilprice.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The rare earths market is experiencing a period of significant volatility, driven primarily by China's recent export restrictions. \nThese restrictions, which came into effect on October 1, 2024, have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-rare-earths-spark-global-210000481.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0002270589.USD","symbol_name":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/oil-rare-earths-spark-global-210000481.html","article_id":"2474602991","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474602991","pubTimestamp":1728680400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The rare earths market is experiencing a period of significant volatility, driven primarily by China's recent export restrictions.These restrictions, which came into effect on October 1, 2024, have already led to an 8.33% increase in the prices of many critical resources.China's Dominance and the Impact of Export Restrictions. China is the world's leading producer of rare earth elements, a group of 17 metals crucial for various technologies, including electric vehicles, renewable energy systems, consumer electronics, and defense applications.Given China's dominance in this market, any policy changes impacting rare earth exports have far-reaching global consequences.Historically, China has used export restrictions as a lever to influence global markets. In 2011, similar restrictions led to a dramatic surge in rare earth prices, reaching approximately $67,000 per metric ton.The current restrictions are expected to have a similar impact, creating supply constraints and driving up prices.T","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","ALTM":"Arcadium Lithium","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","BK4588":"碎股","BK4545":"锂电池","BK4084":"特种房地产投资信托","BK4153":"铝","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","BK4544":"ARK ETF合集","NB":"NioCorp Developments Ltd.","PW":"Power REIT","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","BK4015":"铜","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","FCX":"麦克莫兰铜金","ARKG":"ARK Genomic Revolution ETF","SGML":"Sigma Lithium Corporation","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","AAI.AU":"Alcoa Corp","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","PLL":"Piedmont Lithium Ltd","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4168":"多种金属与采矿","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","BK4144":"石油与天然气的储存和运输","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2498475776.HKD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (HKD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","ESG":"FlexShares STOXX US ESG Select Index Fund","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LAC":"Lithium Americas Corp.","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BK4585":"ETF&股票定投概念","PLL.AU":"PIEDMONT LITHIUM INC-CDI","MP":"MP Materials Corp.","UUUU":"Energy Fuels Inc","AA":"美国铝业","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0505663152.USD":"abrdn SICAV I - FUTURE MINERALS \"A\" (USD) ACC"},"translate_title":"新油？稀土引发全球权力游戏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SGML":1,"PW":1,"PLL":1,"NB":1,"MP":1,"LAC":1,"FCX":1,"ESG":1,"AAI.AU":0.9,"UUUU":0.9,"PLL.AU":0.9,"AA":0.9,"ALTM":0.9,"ARKG":0.9},"content_text":"The rare earths market is experiencing a period of significant volatility, driven primarily by China's recent export restrictions. \nThese restrictions, which came into effect on October 1, 2024, have already led to an 8.33% increase in the prices of many critical resources. \nChina's Dominance and the Impact of Export Restrictions\nChina is the world's leading producer of rare earth elements, a group of 17 metals crucial for various technologies, including electric vehicles, renewable energy systems, consumer electronics, and defense applications. \nGiven China's dominance in this market, any policy changes impacting rare earth exports have far-reaching global consequences.  \nHistorically, China has used export restrictions as a lever to influence global markets. In 2011, similar restrictions led to a dramatic surge in rare earth prices, reaching approximately $67,000 per metric ton.\n The current restrictions are expected to have a similar impact, creating supply constraints and driving up prices.  \nChallenges for U.S. Businesses\nThe U.S. is heavily reliant on China for rare earths, despite ongoing efforts to diversify supply chains. These new restrictions pose significant challenges for U.S. businesses, including:  \n\nIncreased Costs: Higher rare earth prices directly impact the cost of manufacturing goods that rely on these materials.\nSupply Chain Disruptions: The restrictions could lead to delays and uncertainties in procuring rare earths, disrupting production schedules.\nVulnerability in Key Sectors: Industries like defense and technology, heavily reliant on rare earths, face heightened vulnerability due to potential supply disruptions.  \n\nThese challenges underscore the urgent need for the U.S. to reduce its dependence on China for rare earth elements. \nWhile diversification efforts are underway, they will require time and significant investment to yield results. \nIn the meantime, U.S. businesses must navigate a complex and volatile market landscape, seeking alternative sourcing options and adapting their supply chain strategies to mitigate risks.\nThe Technology Industry Braces for Impact\nThe U.S. technology sector is particularly susceptible to the repercussions of China's export restrictions. Companies like Apple, Google, and Samsung rely on a steady supply of rare earths for their products. The restrictions could lead to:\n\nProduction Delays: Manufacturers may face difficulties in procuring the necessary rare earth elements, potentially delaying product launches and impacting sales.  \nIncreased Prices for Consumers: As manufacturers grapple with higher production costs, these costs are likely to be passed on to consumers in the form of higher prices for electronic devices and other goods.  \nSlower Adoption of Green Technologies: Rising rare earth prices could hinder the adoption of electric vehicles and renewable energy technologies, which are crucial for combating climate change.\n\nCompanies will need to adapt by diversifying their sourcing, potentially redesigning products to reduce reliance on rare earths, and absorbing some of the increased costs to remain competitive. \nThis situation also emphasizes the need for long-term strategies to secure reliable and sustainable access to critical materials.\nRethinking Supply Chains\nThe current situation underscores the risks associated with relying on a single source for critical materials. Businesses may need to reconsider their \"just-in-time\" supply chain strategies and explore alternatives, such as:\n\nDiversification of Suppliers: Seeking out rare earth suppliers in countries like Australia, which have significant reserves.\nStrategic Stockpiling: Building up reserves of rare earths to mitigate the impact of future supply disruptions.\nDeveloping Substitutes: Investing in research and development to find alternative materials that can replace rare earths in certain applications.\n\nThese strategies require a shift in mindset, moving away from purely cost-driven supply chain models towards a more holistic approach that prioritizes security and resilience. \nWhile this transition may involve higher costs in the short term, it is essential for ensuring long-term business continuity and mitigating the impact of geopolitical uncertainties. \nGeopolitical Implications\nChina's export restrictions have significant geopolitical implications. By controlling the supply of rare earths, China exerts leverage in international trade and can influence global economic activity. This situation highlights the need for countries to reduce their dependence on China and secure their own supply chains for critical materials.  \nThe Path Forward\nWhile the U.S. is making efforts to boost domestic rare earth production, building a self-sufficient supply chain will take time. In the near term, U.S. businesses must navigate a challenging market environment marked by higher prices and potential supply disruptions.  \nThe long-term solution lies in a multi-pronged approach, including:\n\nInvesting in domestic production and processing of rare earths.\nStrengthening international partnerships to diversify supply sources.\nPromoting innovation and the development of alternative materials.\n\nThe rare earths market is likely to remain volatile in the coming months as the impact of China's export restrictions continues to unfold. Businesses and governments must adapt to this new reality and work together to ensure a stable and secure supply of these critical materials.\n10 Mining Companies to Keep an Eye On As This Race Heats Up \nMP Materials (NYSE:MP) is the leading rare earth materials producer in the Western Hemisphere. Their Mountain Pass mine in California is the only rare earth mining and processing site of scale in the U.S., giving them a strategic advantage. They primarily produce neodymium and praseodymium (NdPr), essential components in high-strength magnets used in electric vehicles (EVs), wind turbines, and electronics. MP Materials benefits from growing demand for EVs and renewable energy technologies, as well as government initiatives to secure domestic supply chains for critical minerals. They have also announced plans to build a facility to manufacture rare earth magnets in the U.S., further strengthening their position in the market.\nMP Materials currently ships the concentrated NdPr to China for final processing, as the U.S. lacks the capacity for this stage. This reliance on China for a crucial step in the supply chain exposes them to potential geopolitical risks and trade tensions. To address this, MP Materials is actively working to establish domestic refining and magnet manufacturing capabilities. Their success in doing so will be crucial for securing a truly independent and resilient U.S. rare earth supply chain.\nWhile primarily known for uranium production, Energy Fuels (NYSE:UUUU) is strategically diversifying into rare earths. They are leveraging their existing infrastructure and expertise to process monazite sands, a byproduct of their uranium operations, which contain valuable rare earth elements. This move allows them to tap into a growing market while minimizing capital expenditures. Energy Fuels' White Mesa Mill in Utah is the only conventional uranium mill in the U.S. licensed to also process rare earth elements, giving them a unique position in the market. They are focused on producing separated rare earth oxides, which are in high demand for various applications.  \nEnergy Fuels' success in the rare earth space will depend on their ability to compete with established Chinese producers and secure long-term contracts with end-users. Additionally, the profitability of their rare earth operations will be linked to the prevailing market prices for these elements, which can be volatile. While their diversification strategy holds promise, investors should be aware of the challenges and uncertainties associated with this emerging business segment.\nNioCorp Developments (NASDAQ:NB) is developing the Elk Creek project in Nebraska, one of the highest-grade niobium deposits in the world. Niobium is a critical material used in high-strength steel alloys, aerospace applications, and superconducting magnets. The Elk Creek project also has significant potential for scandium and titanium production, both valuable metals with growing applications in aerospace, defense, and high-tech industries. While rare earths are not their primary focus, the Elk Creek deposit contains rare earth elements that could be recovered as byproducts, adding further value to the project. NioCorp aims to be a significant domestic supplier of critical minerals, reducing U.S. reliance on imports.  \nNioCorp is actively seeking funding and strategic partnerships to advance the project. They face competition from established producers of niobium, scandium, and titanium, primarily located outside the U.S. The successful execution of the Elk Creek project and securing offtake agreements with end-users will be crucial for NioCorp to achieve its goals and become a key player in the critical minerals market.\nArcadium Lithium (NYSE:ALTM) is a leading global lithium producer formed through the merger of Livent and Allkem in August 2024. Formerly known as Livent, the company specializes in producing lithium compounds used in batteries, polymers, and other industrial applications. Arcadium has a diversified global footprint with production facilities in the U.S., Argentina, and China. They are a leading supplier of lithium hydroxide, a key component in high-performance EV batteries. Arcadium has long-term supply agreements with major automotive manufacturers, ensuring stable demand for their products. They are also investing in research and development to improve lithium extraction technologies and expand their production capacity to meet the growing demand for lithium-ion batteries.\nArcadium is well-positioned to benefit from the continued growth in the lithium market, driven by the increasing demand for electric vehicles and other battery-powered applications. They have a strong track record of innovation and are well-equipped to meet the evolving needs of their customers. However, it's important to note that the lithium market is highly competitive, with several other major players vying for market share. Arcadium will need to continue investing in its operations and expanding its production capacity to maintain its competitive advantage. Additionally, fluctuations in lithium prices can impact the company's profitability. Investors should carefully monitor these factors when considering investing in Arcadium Lithium.\nSigma Lithium Corporation (NASDAQ:SGML) is focused on developing and producing lithium in Brazil. Their Grota do Cirilo project is expected to be a low-cost, environmentally sustainable source of battery-grade lithium. The project is fully licensed and construction is well underway, with production expected to commence soon. Sigma Lithium has secured offtake agreements with major battery manufacturers, ensuring a market for their lithium concentrate. They are committed to responsible mining practices and aim to minimize their environmental impact. Sigma Lithium is well-positioned to benefit from the growing demand for lithium for electric vehicles and other battery applications.   \nIn fact, Sigma Lithium recently announced that they have already begun shipping lithium concentrate from Grota do Cirilo, making them one of the newest lithium producers in the market. They are aiming to produce high-purity lithium concentrate, which is in high demand for EV battery production.  As a relatively new entrant, Sigma Lithium's success will depend on their ability to ramp up production, maintain operational efficiency, and navigate the competitive landscape of the global lithium market.   \nFreeport-McMoRan (NYSE:FCX) is a leading international mining company, primarily focused on copper production. However, their Grasberg mine in Indonesia is also a significant source of cobalt, a byproduct of their copper mining operations. Cobalt is a crucial component in lithium-ion batteries, particularly those used in EVs. As the demand for EVs continues to grow, Freeport's cobalt production becomes increasingly valuable. They are committed to responsible mining practices and are working to reduce their environmental footprint. Freeport's diversified operations and significant cobalt production provide exposure to the growing EV battery market.   \nHowever, it's important to consider that the Grasberg mine is located in a politically sensitive region, and operational challenges or regulatory changes in Indonesia could impact Freeport's cobalt production.  Furthermore, the price of cobalt can be volatile, subject to supply and demand dynamics in the battery market. While Freeport benefits from its cobalt byproduct, investors should be aware of these potential risks when evaluating the company.  Additionally, ethical sourcing of cobalt is a growing concern, and Freeport's commitment to responsible mining practices in Indonesia is crucial for maintaining its reputation and market access.   \nAlcoa Corporation (NYSE:AA) is a global leader in bauxite, alumina, and aluminum production. While primarily known for aluminum, Alcoa is exploring the potential of extracting rare earth elements, particularly scandium, from bauxite residues. Bauxite residue is a byproduct of alumina refining and contains significant amounts of scandium, a valuable metal used in fuel cells, high-intensity lighting, and aerospace applications. Alcoa's research and development efforts in this area could unlock a new source of revenue and contribute to a more sustainable aluminum industry by utilizing waste materials.  \nThis initiative aligns with the growing focus on environmental, social, and governance (ESG) factors in the mining industry. By extracting valuable materials from its waste streams, Alcoa can reduce its environmental impact and potentially generate new revenue streams. However, the economic viability of scandium extraction from bauxite residues depends on developing efficient and cost-effective technologies. Furthermore, the market for scandium is relatively small compared to other metals, so Alcoa will need to secure buyers for its scandium production. If successful, this venture could position Alcoa as a key player in the emerging scandium market while also enhancing its sustainability profile.\nPiedmont Lithium Inc. (NASDAQ:PLL) is developing lithium projects in North Carolina, aiming to be a major supplier to the U.S. battery supply chain. Their integrated project will include mining, concentrating, and refining lithium hydroxide, providing a domestic source of this critical battery material. Piedmont Lithium has secured offtake agreements with major EV manufacturers, ensuring a market for their lithium hydroxide. They are committed to sustainable development and aim to minimize their environmental impact. Piedmont Lithium is well-positioned to capitalize on the growing demand for lithium-ion batteries in the U.S.\nHowever, Piedmont Lithium faces challenges related to permitting and community acceptance for its proposed mine in North Carolina. Obtaining the necessary permits and addressing concerns from local residents regarding environmental impact and water usage will be crucial for the project's success. Additionally, Piedmont Lithium relies on a unique technology to process its lithium ore, and the successful commercialization of this technology is key to achieving its production goals. Despite these challenges, Piedmont Lithium's focus on domestic production and its strategic partnerships with major EV manufacturers make it a company to watch in the U.S. lithium market.\nStandard Lithium Ltd. (NYSE:SLI) is focused on developing lithium extraction technologies and projects in Arkansas. They are using a direct lithium extraction (DLE) process to extract lithium from brine resources, which is more efficient and environmentally friendly than traditional methods. Standard Lithium has partnered with Lanxess, a German specialty chemicals company, to develop and commercialize their DLE technology. They are aiming to produce battery-quality lithium hydroxide, a key component in EV batteries. Standard Lithium's innovative technology and focus on domestic production make them a promising player in the lithium market.  \nHowever, it's important to note that Standard Lithium is still in the development stage, and their projects have yet to reach commercial production. This carries inherent risks, as technological challenges or delays could impact their progress. Additionally, the company's DLE technology, while promising, needs to prove its commercial viability at scale. Investors should carefully consider these factors when evaluating Standard Lithium's potential.\nLithium Americas (NYSE:LAC) is a leading lithium development company with two major projects: Thacker Pass in Nevada, USA, and Caucharí-Olaroz in Argentina. Thacker Pass is one of the largest known lithium resources in the U.S. and has the potential to be a major domestic source of lithium for EV batteries. Caucharí-Olaroz is a joint venture with Ganfeng Lithium and is already in production, generating revenue for Lithium Americas. The company is undergoing a separation into two independent entities, allowing each project to focus on its specific development and operational needs. Lithium Americas is well-positioned to benefit from the increasing demand for lithium in the electric vehicle and battery storage markets.   \nFurthermore, Lithium Americas has attracted investment from General Motors, which is providing $650 million to help develop Thacker Pass.\nThis strategic partnership highlights the growing importance of securing domestic lithium supplies for the U.S. automotive industry. This also de-risks the Thacker Pass project significantly, as it provides capital and a guaranteed buyer for a portion of the lithium produced. With strong partnerships and a diversified project portfolio, Lithium Americas is poised for growth in the evolving lithium market.\nBy Michael Kern for Oilprice.com \nMore Top Reads From Oilprice.com\n\nHouthi Havoc: Oil Flows Shift as Ships Avoid Red Sea\nAston Martin's Production Targets Slashed, Short Sellers Pounce\nAustralia's First Major Waste-to-Energy Plant Sparks Debate\n\nRead this article on OilPrice.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474602991"}