As of October 17, today’s news features relevant developments in renewable energy projects and the shifting landscape of power generation across continents. Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for a mid-November shipment, three sources told Reuters, which would be the first from the mega-mine set to reshape global supplies and pricing. Meanwhile, Singapore’s Sembcorp Industries, in consortium with Sarawak Energy Berhad, has received conditional approval from the Energy Market Authority of Singapore to import 1 GW of renewable energy, mainly hydropower from Sarawak, Malaysia, to Singapore. The project, expected to begin operations around 2035, will transmit power via over 700 km (435 miles) of subsea cables. Turning to market updates, the energy sector is witnessing a bifurcation in manufacturing strategies between North America and Europe. North American manufacturers are likely to maintain a reliance on natural gas, whereas European counterparts aim to transition primarily to electric power sources by mid-century due to a strong push to decrease reliance on imported fossil fuels. Meanwhile, the market for copper has faced pressure, declining to a one-week low amid growing concerns about credit stability among U.S. regional banks. The metal, indicative of broader economic trends, has seen fluctuations with the dollar's strength influencing its pricing. In the global scene, developments in Southeast Asia have impacted power trade commitments, with Malaysia's Energy Minister indicating that the renewal of a multilateral power trade agreement with Thailand has been postponed due to local political changes. The region's initiative aims to facilitate hydropower distribution from Laos through Thailand and Malaysia, with an anticipated renewal next month. On a broader scale, the nuclear sector is gaining momentum, with Oklo, a company backed by Sam Altman, securing up to 2 billion dollars in investments for nuclear fuel development in the U.S., aiming to enhance energy security and support transatlantic cooperation. This push reflects a renewed interest in nuclear energy, driven by increased demand from energy-intensive sectors. Lastly, geopolitical tensions remain high, particularly with developments in Israel and imminent discussions between U.S. President Trump and Ukrainian President Zelenskiy regarding military support, all underscoring the intricate interplay between international relations and energy strategies as nations navigate the challenges of a rapidly changing world.