SCO & BRICS latest news and insights
By Rhod Mackenzie
India is facing its worst power shortage in 14 years in June. The shortage may begin due to a decline in hydroelectric power generation, as reported by Reuters. Another reason for the coming shortage is delays in launching new coal-fired power plants. The extent to which the situ...
By Rhod Mackenzie
The United States' upcoming elections are still some 5 months away, and even the most optimistic political scientists are reluctant to make any direct and unambiguous predictions regarding their results. Meanwhile, Washington is already one step away from unleashing a global war...
China accounts for 35% of global goods production, a figure that is even more impressive when considered alongside the country's 17% share of global GDP. This dominance is set to increase further as the Chinese industrial sector grapples with overcapacity. Finished products accumulate in Chinese war...
European steel mills are facing challenges in adopting clean steel production methods. The costs are high, and there are limited economic incentives to do so.
The challenge of completing the energy transition at a rapid pace (as exemplified by the European Union's Green Deal program, which require...
Copper prices reached a two-year high, driven by a weakening dollar and growing concerns about the metal's supply in global markets. In London, on the LME, prices surpassed the key resistance level of $10,000 per metric ton. The June copper contract on the Shanghai Futures Exchange is currently valu...
Russia has successfully transitioned away from its reliance on high-power gas turbines from Siemens and General Electric, according to Rostec head Sergei Chemezov. Russia has achieved this independently, unlike Iran, which has relied on external assistance. The inaugural turbine will be installed at...
