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Latest example of US incremental, decentralized sovereign investment run by different govt departments. Here a preference for -converting debt to equity or instruments that convert to equity. - projects that produce in US not just reduce China

Reposting with correct details. More USG equity investment in minerals, this time a 10% stake in Trilogy Metals and up to 7.5% potential further stake via warrants. Another Canadian headquartered co with mining interests in US- Alaska this time. https://t.co/V8YxPdkTtA

Latest example of US incremental, decentralized sovereign investment run by different govt departments. Here a preference for -converting debt to equity or instruments that convert to equity. - projects that produce in US not just reduce China nodes.

Challenge with saying that full impact of trump tariffs will hit next year is that it depends how they change next year also.

Good point on LNG fundamentals and tankers

Gold’s surge has impact on mining revenues, and external balances. Here Australian revenue in focus, but Canadian earnings also up even if oil and gas still larger.

Tracking current and historical commodity trade and infrastructure on the Rhone, including wind power using the mistral at top of Rhone hills, large hydro and reminder of historic copper wealth- these used in wine industry. Watch for more wine econ stack commentary soon

Good questions from @Brad_Setser about Argentina bailout and signals from Bessent there may be more, connects to broader q about how USG will support friendly countries abroad, which are relatively new ones. Are Americans comfy with such deals?

Its notable the administration is now looking for deals with industries/companies. Perhaps they think its easier than trade deals and they have more direct leverage? Tho other policies including tariffs may complicate. Either way expect more such swaps

There has already been a lot of adjustment of container ships calling at US ports ahead of these fees (and in adjustment to tariff distortions). Larger maritime groups even with some China group have more flexibility to swap ships. Many energy related exemptions still

China adjusting maritime regulations in ways that could involve mirroring of soon to be implemented US port fees. While US does not build many vessels, more being being flagged in US or non-China to mitigate fees. More fragmentation of shipping ahead?

Join us on Oct. 14 for our Seventh Annual Conference for our panel "Innovation at the Core: Tech and Investments Shaping GCC Futures Amid Regional Transformations," organized with @ME_Council. Featuring H.H. Princess Noura bint Turki Al Saud, @TarikYousef, @ProfessorKaren, and

New US sanctions on Iran, the first post snapback, focuses on ballistic missile program and other military procurement but does include actors based in Germany and Portugal and several in China. No broad economy or oil market links evident. https://t.co/3GBeQprRej

After the debt law, and Kuwait’s return to debt markets, come the international asset managers. https://t.co/bKgfKVzpEH

I was wondering when Russia would start to import oil products, it seems that time is now.

USG strategic stockpile demand for antimony.

GM already is major investor in Thacker Pass given interest in US based lithium supply chain. This is also first new USG direct financial support for lithium post the wind-down of IRA related support for EVs.

Preference for equity is generally pushing for conversion of loans to equity (and that new capital is equity) which likely brings more operational influence and more potential upside. Raises q about how much new capital, and what exits could look like.

USG -via DOE takes stake in vancouver listed Lithium Americas to support iThacker Pass Lithium project in Nevada (plus direct stake in TP project). Shows USG preference for equity vs debt/loan exposure, plus push for GM to commit offtake agreement https://t.co/LiUbbzB3ok