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$4,000 Zinc, EU Feed Spikes, Chevron’s $7B Play, and Black Sea Strain
Description
London zinc approaches four thousand dollars per metric ton as processing fees collapse to historic negative lows, while Persian Gulf tensions drive spot liquefied natural gas past twenty-five dollars with emergency ship-to-ship transfers outside the Strait of Hormuz. In Europe, widespread drought triggers an additional seven-million-ton maize deficit, pushing livestock feeders toward global dry bulk routes as escalating Black Sea strikes compel Asian millers to secure emergency Australian and Argentine wheat cargoes. Meanwhile, Chevron commits seven billion dollars to double Venezuelan crude output.
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