Luc Parrot
@lucparrot.bsky.social
energy & commodities Analyst @ Argus Media
Resources, energy, and their geopolitics.
I have concepts of a career
eurostar citizen
Resources, energy, and their geopolitics.
I have concepts of a career
eurostar citizen
concrete solutions. The plan is also linked to the critical minerals act, where funding and red-tape removal around projects for aluminium and nickel will be crucial for the future of 🇪🇺 steel.- (8/8)
March 20, 2025 at 1:54 PM
concrete solutions. The plan is also linked to the critical minerals act, where funding and red-tape removal around projects for aluminium and nickel will be crucial for the future of 🇪🇺 steel.- (8/8)
of this plan, but so far promises some research funds and more importantly €1 bn auction for electrifying industrial processes, including steel.
Overall: steelmakers seem initially pleased but almost all saying that this high level action plan needs to become clear or (7/8)
Overall: steelmakers seem initially pleased but almost all saying that this high level action plan needs to become clear or (7/8)
March 20, 2025 at 1:54 PM
of this plan, but so far promises some research funds and more importantly €1 bn auction for electrifying industrial processes, including steel.
Overall: steelmakers seem initially pleased but almost all saying that this high level action plan needs to become clear or (7/8)
Overall: steelmakers seem initially pleased but almost all saying that this high level action plan needs to become clear or (7/8)
and green industry, but in terms of action all that’s promised are new trade measures for scrap supply and a circular economy act expected 2026Q4.
5.Defending quality jobs: standard 🇪🇺 phraseology.
6.De-risking projects: has potential to be the most impactful area (6/8)
5.Defending quality jobs: standard 🇪🇺 phraseology.
6.De-risking projects: has potential to be the most impactful area (6/8)
March 20, 2025 at 1:54 PM
and green industry, but in terms of action all that’s promised are new trade measures for scrap supply and a circular economy act expected 2026Q4.
5.Defending quality jobs: standard 🇪🇺 phraseology.
6.De-risking projects: has potential to be the most impactful area (6/8)
5.Defending quality jobs: standard 🇪🇺 phraseology.
6.De-risking projects: has potential to be the most impactful area (6/8)
that “particularly from Asia- has hit our mills’ order books”. Would like to see them go even further and point out the elephant in the steel industry 🇨🇳. 🇪🇺 wants to decrease all steel imports by 15%.
4.Circularity. For me this is a v. promising area for 🇪🇺 steel (5/8)
4.Circularity. For me this is a v. promising area for 🇪🇺 steel (5/8)
March 20, 2025 at 1:54 PM
that “particularly from Asia- has hit our mills’ order books”. Would like to see them go even further and point out the elephant in the steel industry 🇨🇳. 🇪🇺 wants to decrease all steel imports by 15%.
4.Circularity. For me this is a v. promising area for 🇪🇺 steel (5/8)
4.Circularity. For me this is a v. promising area for 🇪🇺 steel (5/8)
aluminium downstream products, and add anti-circumvention measures (no detail yet)
3.Strengthening 🇪🇺’s industrial capacity. Document writes that “Global overcapacity is a serious threat to profitability/ competitiveness” but Séjourné goes one further and points out (4/8)
3.Strengthening 🇪🇺’s industrial capacity. Document writes that “Global overcapacity is a serious threat to profitability/ competitiveness” but Séjourné goes one further and points out (4/8)
March 20, 2025 at 1:54 PM
aluminium downstream products, and add anti-circumvention measures (no detail yet)
3.Strengthening 🇪🇺’s industrial capacity. Document writes that “Global overcapacity is a serious threat to profitability/ competitiveness” but Séjourné goes one further and points out (4/8)
3.Strengthening 🇪🇺’s industrial capacity. Document writes that “Global overcapacity is a serious threat to profitability/ competitiveness” but Séjourné goes one further and points out (4/8)
states on network tariffs in Q2 (to decrease their load on high energy consumers I assume), and guidance on pairing PPAs and CfDs in Q4.
2.Carbon leakage and strengthening CBAM. To me, this seems like the big one: by EoY the Com will extend scope of CBAM to steel and (3/8)
2.Carbon leakage and strengthening CBAM. To me, this seems like the big one: by EoY the Com will extend scope of CBAM to steel and (3/8)
March 20, 2025 at 1:54 PM
states on network tariffs in Q2 (to decrease their load on high energy consumers I assume), and guidance on pairing PPAs and CfDs in Q4.
2.Carbon leakage and strengthening CBAM. To me, this seems like the big one: by EoY the Com will extend scope of CBAM to steel and (3/8)
2.Carbon leakage and strengthening CBAM. To me, this seems like the big one: by EoY the Com will extend scope of CBAM to steel and (3/8)
Context for this plan is: 🇪🇺’s steel industry is ailing and has been for a long time, but is now crucial for the defensive buildup.
Here are the six key 🔑 items:
1.Ensuring affordable/ clean energy supply for the sector. 🇪🇺 Com will issue guidance for member (2/8)
Here are the six key 🔑 items:
1.Ensuring affordable/ clean energy supply for the sector. 🇪🇺 Com will issue guidance for member (2/8)
March 20, 2025 at 1:54 PM
Context for this plan is: 🇪🇺’s steel industry is ailing and has been for a long time, but is now crucial for the defensive buildup.
Here are the six key 🔑 items:
1.Ensuring affordable/ clean energy supply for the sector. 🇪🇺 Com will issue guidance for member (2/8)
Here are the six key 🔑 items:
1.Ensuring affordable/ clean energy supply for the sector. 🇪🇺 Com will issue guidance for member (2/8)
also important to note that 10% of China's growth last year came from clean energy tech- massive govt support for this industry has also led to the overcapacity dynamics
February 26, 2025 at 10:45 AM
also important to note that 10% of China's growth last year came from clean energy tech- massive govt support for this industry has also led to the overcapacity dynamics
paradoxical with the exec order that speeds up permitting for mining projects. Matt Zeitlin @heatmap.news piece was good on these paradoxes. I talk about the permitting here: bsky.app/profile/lucp...
𝐂𝐌 𝐛𝐢𝐰𝐞𝐞𝐤𝐥𝐲 #𝟐 - Your regular thread rounding up 3 important items in this week’s CM and geopolitics news and a reading recommendation. The news, consequences, and a forecast.
January 29, 2025 at 10:53 AM
paradoxical with the exec order that speeds up permitting for mining projects. Matt Zeitlin @heatmap.news piece was good on these paradoxes. I talk about the permitting here: bsky.app/profile/lucp...
Thanks for reading! Feel free to share. #criticalmineral #mining #politics #geopolitics #politicalrisk
January 29, 2025 at 10:36 AM
Thanks for reading! Feel free to share. #criticalmineral #mining #politics #geopolitics #politicalrisk
11/11 𝐑𝐄𝐂- This SCMP piece on the 🇨🇳 ministry of commerce requiring 🇨🇳 companies to expand reporting on their CM reserves abroad. Also appeared in the excellent @chinagsproject.bsky.social , but paywalled so will share SCMP. archive.ph/Q1iKc
archive.ph
January 29, 2025 at 10:36 AM
11/11 𝐑𝐄𝐂- This SCMP piece on the 🇨🇳 ministry of commerce requiring 🇨🇳 companies to expand reporting on their CM reserves abroad. Also appeared in the excellent @chinagsproject.bsky.social , but paywalled so will share SCMP. archive.ph/Q1iKc
10/11 Stargate means huge organized demand for CMs like copper, while DeepSeek’s breakthrough with fewer chips and training is proof that more is possible with less. I won’t predict anything about AI, not my area, but always worth tracking physical infra underlying and CMs.
January 29, 2025 at 10:36 AM
10/11 Stargate means huge organized demand for CMs like copper, while DeepSeek’s breakthrough with fewer chips and training is proof that more is possible with less. I won’t predict anything about AI, not my area, but always worth tracking physical infra underlying and CMs.
9/11 𝐓𝐇𝐈𝐑𝐃- Lastly, huge AI see-saw news with Stargate project announced in US- $500bn in AI infra to build in 🇺🇸, and DeepSeek’s breakthrough. Remember that underlying the AI boom is physical infra of chips/ data centers, and underlying are large projected demand for CMs.
January 29, 2025 at 10:36 AM
9/11 𝐓𝐇𝐈𝐑𝐃- Lastly, huge AI see-saw news with Stargate project announced in US- $500bn in AI infra to build in 🇺🇸, and DeepSeek’s breakthrough. Remember that underlying the AI boom is physical infra of chips/ data centers, and underlying are large projected demand for CMs.
8/11 Going forwards, this will boost competitors who don’t reduce their output like Philippines and New Caledonia, but another watchpoint is how much 🇨🇳demand recovers as the largest importer/ refiner (for now).
January 29, 2025 at 10:36 AM
8/11 Going forwards, this will boost competitors who don’t reduce their output like Philippines and New Caledonia, but another watchpoint is how much 🇨🇳demand recovers as the largest importer/ refiner (for now).
7/11 (source: www.bloomberg.com/news/article...)
January 29, 2025 at 10:36 AM
7/11 (source: www.bloomberg.com/news/article...)
6/11 (by far, >50% of global supply), prices have cratered recently, and previous 🇮🇩 admin from Jokowi aimed at building out local smelting capacity. This is an attempt to shore up prices, which have dropped since end of 2022
January 29, 2025 at 10:36 AM
6/11 (by far, >50% of global supply), prices have cratered recently, and previous 🇮🇩 admin from Jokowi aimed at building out local smelting capacity. This is an attempt to shore up prices, which have dropped since end of 2022
5/11 𝐒𝐄𝐂𝐎𝐍𝐃- 🇮🇩 nickel market. Nickel ore mining quotas in 🇮🇩 could see a downgrade this year. A Bloomberg source said the quota of mined nickel could drop from 272 million tons in 2024 to 150 million tons for 2025. This matters because 🇮🇩 is the largest supplier of nickel
January 29, 2025 at 10:36 AM
5/11 𝐒𝐄𝐂𝐎𝐍𝐃- 🇮🇩 nickel market. Nickel ore mining quotas in 🇮🇩 could see a downgrade this year. A Bloomberg source said the quota of mined nickel could drop from 272 million tons in 2024 to 150 million tons for 2025. This matters because 🇮🇩 is the largest supplier of nickel
4/11 funding for 🇺🇸-based projects. Not sure we’ll see this admin go into projects like Biden with G7 on Lobito corridor.
January 29, 2025 at 10:36 AM
4/11 funding for 🇺🇸-based projects. Not sure we’ll see this admin go into projects like Biden with G7 on Lobito corridor.
3/11 Native American and other activists. Trump’s day-1 actions were a mixed bag for CMs, and repealing IRA elements like the EV subsidy will inevitably slow the EV rollout in 🇺🇸. For the battery/ CM industry, this calls into question the survivability of intl partnerships and
January 29, 2025 at 10:36 AM
3/11 Native American and other activists. Trump’s day-1 actions were a mixed bag for CMs, and repealing IRA elements like the EV subsidy will inevitably slow the EV rollout in 🇺🇸. For the battery/ CM industry, this calls into question the survivability of intl partnerships and
2/11 𝐅𝐈𝐑𝐒𝐓- Trump exec orders! Big news last week from the new 🇺🇸 admin, including on sped-up permitting; this is a sig. barrier to more 🇺🇸 CM mining. Going forwards huge mining projects like the RioTinto/BHP’s Resolution mine could accelerate, having faced opposition from
January 29, 2025 at 10:36 AM
2/11 𝐅𝐈𝐑𝐒𝐓- Trump exec orders! Big news last week from the new 🇺🇸 admin, including on sped-up permitting; this is a sig. barrier to more 🇺🇸 CM mining. Going forwards huge mining projects like the RioTinto/BHP’s Resolution mine could accelerate, having faced opposition from
Would be interested to see your prompt to get to this answer. Thanks!
January 20, 2025 at 2:27 PM
Would be interested to see your prompt to get to this answer. Thanks!