The Resource Cold War Maps Energy and Rare Earth Bottlenecks
Energy and critical minerals have become instruments of state power, and the bottleneck sits in refining, not mining.
31 min read
Grace Suzuki
Grace Suzuki is a staff writer at P&L, covering business, technology, and global markets. She previously worked in M&A advisory, focusing on software, consumer deals, and cross-border transactions.
Why Rare Earth Refining and Processing Now Drive Resource Security
States now control energy and critical mineral chokepoints, so inflation, defense readiness, and AI buildout depend on refining and processing capacity, not just mines.
28 min read
Energy, Rare Earths and Supply Chains: Where Resource Bottlenecks Now Sit
China’s refining dominance and dumped critical minerals have crushed ex-China project economics, freezing new supply just as grid and AI demand rise.
28 min read
U.S. producer prices rise 1.1% in May as wholesale inflation hits 6.5%
U.S. producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%.
3 min read
US producer prices rise 1.1% in May as wholesale inflation hits 6.5%
Producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%, the highest since late 2022.
4 min read
SpaceX files for IPO as shares begin trading June 12
Bankers are targeting a $1.75 trillion valuation for the company, which would rank it among the 10 most valuable firms.
2 min read
SpaceX Sets $135 Share Price for Nasdaq Debut, Seeks $75 Billion Raise
SpaceX set a fixed offering price of $135 a share and aims to raise $75 billion at a roughly $1.75 trillion valuation.
1 min read
Bitcoin traders watch $50,000 after repeated failures near $60,000
The cryptocurrency is trading near $60,000, a psychological level that previously drew buyers and sits close to its 200-week moving average at $61,778.
1 min read
ECB to raise deposit rate 0.25 percentage point to 2.25% on Thursday
Economists expect the ECB to raise its deposit rate by 0.25 percentage point on Thursday to 2.25%.
1 min read
ECB Set to Raise Key Rate for First Time Since 2022
A Reuters poll found 74 of 80 economists expect a 25-basis-point hike to lift the deposit rate to 2.25%.
1 min read
May Jobs Report Shows 122,000 Gains as Fed Grapples With Inflation
Workers' wages are lagging price growth, with average hourly earnings up 3.6% annually while prices jumped 3.8%, compressing household purchasing power.
2 min read
Nvidia overtakes Apple as largest customer at TSMC where top 10 accounts yield 76%
TSMC's dedicated foundry model pools rival chip designers to amortize massive fab costs, driving gross margins to 66.2% by renting out the world's scarcest leading-edge capacity.
4 min read