Just as President Trump depressed oil and gas prices in April with his threatened trade war, now he is causing them to rise – or at least futures are, with the threat of an actual war. Iran’s production is relatively insignificant compared to the threat of closing the straits of Hormuz to the output from all of the Gulf States, shutting down over 20% of world output. Meanwhile China’s power market reform is making itself in the price of solar wafers, and we expect to the see the price decline likewise in the other solar supply chain segments soon. Item 13-Jun 20-Jun Unit % Spodumene Concentrate 629 620 $/ton -1.4% Lithium Carbonate 8,424 8,392 $/ton -0.4% Nickel Sulphate 3,863 3,807…