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Top Stories

Geopolitics

Russia captures 46% of India’s crude oil basket as June imports hit record 2.6 million bpd
SupplementAL
India’s crude oil sourcing map underwent another significant shift in June, with Russian barrels accounting for nearly half of the country’s total imports. Purchases from Russia climbed 17 per cent month-on-month to a record 2.6 million barrels per day (bpd), lifting Moscow’s share of India’s crude import basket to 46 per cent. The scale of the change is particularly striking when viewed against the pre-2022 trade pattern. Before February 2022, Russian crude typically represented less than 1 ...
Gulf aluminium producers accelerate overseas acquisitions amid geopolitical and supply chain risks
Primary AL
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz highlight the vulnerability of regional supply chains. Gulf producers currently account for close to 10 per cent of global aluminium output. The expansion drive also coincides with expectations of rising g ...

Primary AL
The global aluminium industry is entering a phase where the biggest concern is no longer just building more smelters or expanding downstream demand. Across Asia, Europe, the Middle East and the Americas, the focus is increasingly shifting toward securing stable supplies of bauxite and alumina as geopolitical tensions, trade measures and energy disruptions continue reshaping global supply chains. Governments are accelerating mining investments, producers are expanding refining and smelting cap ...
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