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Commodity Chokepoints and QT

  • Paper
  • Apr 29, 2022
  • #Russia #Commodity #SupplyChain #Technology
Zoltan Pozsar
@ZoltanPozsar
(Author)
plus2.credit-suisse.com
Read on plus2.credit-suisse.com
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1 Mention
Metinvest, the holding company that owns several plants in southern Ukraine, has not only the Azovstal and Zaporizhstal plants in its portfolio, but also the smaller Ilych Iron and... Show More

Metinvest, the holding company that owns several plants in southern Ukraine, has
not only the Azovstal and Zaporizhstal plants in its portfolio, but also the smaller
Ilych Iron and Steelworks (also in Mariupol). All three perform air separation
–
the Azovstal and Ilych plants for their basic oxygen furnances (see here and here),
and the Zaporizhstal plant for
a different process (we are not sure what process,
but we know that the plant uses oxygen and argon to purge steel produced
using open
-heart furnances, and that it is a major provider of medical oxygen,
and we deduce that if there is oxygen production there must be air separation).
In English, there is a lot of air separation going on in southern Ukraine

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Alex Gladstein @gladstein · May 2, 2022
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Fascinating and grim read on how Putin’s push for control of Mariupol and Odessa could give him control of half of the world’s production of neon, a critical material needed for semi-conductors… and how these kind of supply chain threats mean more QE from the Fed by next summer
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