Orsted wins in court, Nvidia ties up with OpenAI - Sep 23, 2025

As of September 23, today’s news features developments in renewable energy projects, artificial intelligence partnerships, and market fluctuations. Shares in Orsted rose as much as 12% in early trade today after a U.S. federal judge ruled that it can resume work on the almost completed Revolution Wind project halted by U.S. President Donald Trump's administration last month. The ruling is a legal setback for Trump, who has repeatedly criticised wind farms as ugly, unreliable and expensive, leaning on federal agencies to curb development of wind power projects. Meanwhile, Financial Times says that the crux of the Nvidia-OpenAI deal is simple. Nvidia is going to supply chips to help OpenAI build enormous data centres, in which it will train and then host AI models such as the recently launched GPT-5. With it, though, comes a twist: Nvidia will also buy 100 billion dollars of OpenAI’s unlisted stock over time, adding to the small stake it already has. That’s comfortably more than the 72 billion dollars OpenAI has raised over its 10-year life, according to Crunchbase. On the market side, Australian critical minerals firms, including Australian Strategic Materials, are staking their claim in the U.S. critical minerals sector, responding to opportunities presented by America’s burgeoning electric vehicle and advanced manufacturing industries, backed by favorable subsidies. Executives are underscoring the scale of the U.S. market as a primary driver for their expansion. Across the metals market, copper prices edged higher, counterbalanced by climbing inventories and ongoing supply concerns, particularly related to key copper mines. Meanwhile, Exxon Mobil is navigating the complexities of its market position in Russia as it signed an agreement with Rosneft to explore avenues for recouping significant losses incurred due to geopolitical tensions. On the global stage, President Trump’s recent address at the U.N. highlighted a focus on economic measures against Russia while reaffirming U.S. support for Israel, amidst a challenging international landscape characterized by isolationist sentiments.