Massive 7.3 Magnitude Earthquake in Vanuatu; US Embassy Damaged

earthquake has hit near Vanuatu's capital, Port Vila

A 7.3 magnitude earthquake has hit near Vanuatu’s capital, Port Vila, causing landslides, crushing vehicles, and flattening several buildings, including a complex housing multiple Western embassies. While unconfirmed reports suggest fatalities, the full extent of the destruction is still unknown, as power and mobile networks have been disrupted across the nation.

Although Vanuatu is known for its seismic activity, Mr. McGarry told the BBC that this quake felt like “the largest one in over 20 years.”

The earthquake occurred at 12:47 local time or 01:47 GMT on Tuesday. Mr. McGarry said, “Emergency services will be busy for a while.” Here our resources and this capability is a little,” and said that police at Vila Central Hospital confirmed one, though, they expected more deaths.

A post on Facebook by the state broadcaster VBTC showed many people outside Vila Central Hospital, most of whom were on gurneys waiting for attention. Michael Thompson of the Vanuatu Jungle Zipline adventure company told AFP that he saw some corpses lying on the ground.

For instance there are several building that have collapsed across the town. A massive rescue effort is still being conducted to help anyone who can still be saved within the buildings,” Mr. Thompson said in another video shared on Facebook.

From an interview with the BBC, Amanda, Mr. Thompson’s wife said she thought, “the ceiling of our home would collapse.” She continued, “We always have some kind of an earthquake in our area, but this kind of a big one, we don’t. The house had large opening cracks, and the glass doors and windows slid shuttered. Now we keep having multiple aftershocks each of which makes us anxious and run outside to get some fresh air.

However Mr. McGarry reassured that the people of Vanuatu would survive this latest tragedy that has befallen the nation. The people of Vanuatu have a natural calamity every year. It has become part of our culture. We will also succeed in this regard, though with some difficulty, he said.

Vanuatu is a country comprising of about 80 islands located to the west of Fiji and thousands of kilometers to the east of northern Australia. The nation sits in a zones of seismic activity therefore experiencing, frequently, major shake and other natural calamities.

CategoryDetails
LocationSouth Pacific Ocean, Oceania
ContinentAustralia (Oceania)
CapitalPort Vila
Official LanguagesBislama, English, French
PopulationApproximately 320,000 (2024 estimate)
CurrencyVanuatu Vatu (VUV)
IndependenceAchieved on July 30, 1980 (from France & UK)
GovernmentParliamentary Republic
Major IndustriesAgriculture, tourism, offshore financial services
Popular AttractionsMount Yasur, Champagne Beach, Blue Lagoon, Tanna Island
ClimateTropical; wet season (Nov-Apr), dry season (May-Oct)
Natural DisastersProne to cyclones, earthquakes, and volcanic eruptions
EconomyAgriculture-based; coconut, kava, and cocoa exports
UN RankingConsistently ranked among the happiest countries globally
Traditional CultureRich cultural heritage, custom dances, and traditional ceremonies
Key Export ProductsCopra, kava, cocoa, timber, beef
Closest CountriesAustralia, New Zealand, Fiji, Solomon Islands, New Caledonia

Western embassies affected by damage


The United States Embassy, the British High Commission, the French Embassy, and the New Zealand High Commission were among the structures that suffered damage within the same complex.
Officials from the United States reported that the building experienced “significant damage” and will remain closed until further notice. They confirmed that all personnel within the building had successfully evacuated.


In a related development, several Australian airlines have cancelled flights to Port Vila due to damage at the airport.


Jetstar, an airline owned by Qantas, has cancelled a flight that was scheduled for Wednesday morning from Sydney to Port Vila, attributing the cancellation to “earthquake activity in Vanuatu and indications of potential damage to the infrastructure at Port Vila airport.”

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Earthquake in Chile Sends Shockwaves Through China’s Lithium Market 19 July 2024

BEIJING, July 19 (Reuters)-China’s lithium market, a crucial component in the electric vehicle (EV) revolution, experienced a rollercoaster ride this week. Prices initially plummeted, reaching a seven-month low, but then rebounded sharply on Friday due to a powerful earthquake in Chile, a major lithium producer. However, this price uptick is overshadowed by persistent worries about future demand, creating a complex and uncertain market outlook.

Chilean Earthquake Triggers Supply Jitters

The catalyst for the price rebound was a 7.3-magnitude earthquake that struck northern Chile on Friday. This region holds a significant portion of the world’s lithium reserves, with 90% concentrated in the Atacama desert, located close to the earthquake’s epicenter. As Chile is a major exporter of lithium chemicals to China, the earthquake raised immediate concerns about potential supply disruptions. This fear factor sent the price of the most-traded November lithium carbonate futures contract on the Guangzhou Futures Exchange soaring by 2.9%.

Demand Concerns Cast a Long Shadow

Despite the price surge triggered by supply jitters, demand for lithium remains a major concern. The much-anticipated boom in EV sales, a key driver of lithium demand, has fallen short of expectations in major markets like the US, Europe, and even China, the global leader in EV adoption. This sluggish demand growth is dampening the overall market sentiment.

Furthermore, analyst Zhang Yuan of CITIC Futures added another layer of complexity by highlighting how a potential policy shift in the US under a Trump administration could further dampen demand. President Trump, known for his skepticism towards climate change initiatives, has pledged to roll back many of President Biden’s policies promoting EVs. This could potentially slow down the transition to electric vehicles in the US, a crucial market for lithium consumption.

Supply Boom Creates a Glut

Adding to the pressure on lithium prices is a recent surge in production within China itself. Data from Mysteel shows that China’s lithium carbonate production in the first half of 2024 skyrocketed by 57.4% compared to the same period last year. This rapid production increase has resulted in a growing surplus, pushing prices downward. While higher prices since March 2024 initially encouraged producers to ramp up production, the recent price slump has squeezed their margins. Analyst Zhang predicts a potential decline in output in August as producers adjust to the changing market dynamics.

Major Producers Face Potential Losses

The current market situation is taking a toll on major Chinese lithium producers like Ganfeng Lithium and Tianqi Lithium. Both companies have recently warned of potential losses for the first half of 2024 due to falling lithium product prices. This highlights the precarious position of producers caught between the volatile interplay of supply and demand.

Global Surplus Looms on the Horizon

Adding another layer of concern to the market is the projected global surplus of lithium carbonate for 2024. CRU, a leading research firm, forecasts a surplus of 90,000 tons of lithium carbonate equivalent this year. This surplus, coupled with sluggish demand and potential production adjustments, could continue to exert downward pressure on prices.

Conclusion: A Market in Flux

China’s lithium market is currently caught in a tug-of-war between supply disruptions caused by the Chilean earthquake and lingering concerns about future demand. While the earthquake triggered a temporary price increase, the long-term outlook remains uncertain. Slowing EV sales growth, potential policy shifts impacting demand, and a growing supply glut are all factors that could continue to put downward pressure on prices. The coming months will be crucial in determining the trajectory of the lithium market, with investors and producers anxiously watching how these competing forces play out.

https://www.reuters.com/markets/commodities/china-lithium-rebounds-chile-earthquake-demand-concerns-persist-2024-07-19/#:~:text=BEIJING%2C%20July%2019%20(Reuters),used%20in%20electric%20vehicle%20batteries.

Also read- https://globalbuzznetwork.com/earthquake-hits-chile-magnitude-7-4/

Strong Earthquake Hits Chile (Magnitude 7.4)

A powerful earthquake, registering a significant 7.4 on the Richter scale, jolted northern Chile on Thursday evening. The temblor struck at approximately 9:50 pm local time, according to data from the United States Geological Survey (USGS), with its epicenter located a mere 28 miles southeast of the scenic town of San Pedro de Atacama.

This information is preliminary, and seismologists are diligently analyzing all available data. As their review progresses, the reported magnitude of the earthquake could be adjusted to reflect a more precise measurement. Furthermore, the USGS may update their shake-severity map as they gather additional details about the earthquake’s impact on the surrounding region.

https://www.nytimes.com/interactive/2024/07/18/world/americas/earthquake-tracker-chile.html

Aftershocks in the region

In the wake of the powerful earthquake, the region can expect aftershocks. These are smaller earthquakes that typically rumble along the same fault line as the main event. Often minor adjustments, they can occur for days, weeks, or even years after the initial quake.

While aftershocks are usually less intense, they pose a significant risk. They can reach magnitudes equal to or even greater than the original earthquake, further damaging already compromised structures. This underscores the importance of remaining vigilant and following safety precautions even after the initial tremors subside.

Fortunately, there’s no immediate threat of a tsunami according to AFP reports. This is a welcome relief considering the potential devastation these waves can cause.

This earthquake comes just six months after another tremor rattled northern Chile in January. That 5.3-magnitude event, thankfully, caused no reported damage.

Chile is no stranger to seismic activity. Its location on the fiery “Ring of Fire” makes it one of the most earthquake-prone countries globally. This horseshoe-shaped zone around the Pacific Ocean is a hotbed of geological volatility, responsible for a significant portion of the Earth’s earthquakes and volcanic eruptions.

The country has endured some of the most powerful earthquakes ever recorded, including the monstrous 9.5-magnitude quake that struck Valdivia in 1960.

Striking a somber note, this isn’t the first time a powerful earthquake has struck Chile. In 2010, a devastating 8.8-magnitude quake triggered a destructive tsunami, tragically claiming the lives of over 500 people.

https://www.hindustantimes.com/world-news/chile-earthquake-magnitude-antofagasta-usgs-101721354761075.html

Below chart summarizing major earthquakes in Chilean history:

YearMagnitudeLocationDeaths
19657.4La Ligua400
19717.5Valparaiso region90
19857.8Offshore Valparaiso177
19987.1Near coast of northern ChileNone
20026.6Chile-Argentina border regionNone
20036.8Near coast of central ChileNone
20046.6Near Bio-Bio, central ChileNone
20057.8Tarapaca, northern Chile11
20077.7Antofagasta, north Chile2
20076.7AntofagastaNone
20086.3TarapacaNone
20096.5Offshore TarapacaNone

What to do during an earthquake

Stay Calm and Collected:

  • When the earth starts shaking, the most important thing is to stay calm. Panic can cloud your judgement and lead to risky decisions. Take a deep breath and focus on protecting yourself.
  • Reassure those around you, particularly children or people who may be frightened easily.

Seek Shelter Based on Location:

  • If you are indoors:
    • Drop, Cover, and Hold is the recommended strategy.
      • Drop to the ground on your hands and knees.
      • Cover your head and neck with your arms, ideally under a sturdy desk or table. If there’s no furniture nearby, crawl next to an interior wall away from windows, bookcases, or other falling hazards.
      • Hold on firmly until the shaking stops.
    • Avoid doorways, unless they are directly next to you and lead to a safe place. Doorways are not strong enough to provide protection from falling debris.
    • Stay away from windows, glass, mirrors, and hanging objects that could shatter and injure you.
  • If you are outdoors:
    • Move away from buildings, power lines, trees, and anything else that could fall on you.
    • Take cover in a clear, open space and stay there until the shaking stops.
    • Avoid areas where there might be landslides or rockfalls, especially near cliffs or slopes.
  • If you are in a moving vehicle:
    • Pull over to a safe location away from traffic lights, bridges, or overpasses.
    • Stop the car and set the parking brake.
    • Stay inside the vehicle and take cover by ducking under the dashboard or the center console.

Additional Safety Tips:

  • Do not use elevators: Elevators can malfunction during earthquakes. Use the stairs if you need to evacuate.
  • After the shaking stops:
    • Be aware of aftershocks, which are smaller earthquakes that can follow the main event.
    • Check for injuries on yourself and others and provide first aid if needed.
    • Be prepared to evacuate if the building is damaged or if authorities instruct you to do so.
  • If you smell gas, turn it off at the main valve and evacuate the building.
  • Do not use open flames or light sources until you are sure there are no gas leaks.
  • Stay informed: Listen to the radio or local authorities for updates and instructions.

By following these steps and staying calm, you can significantly increase your chances of staying safe during an earthquake.

https://globalbuzznetwork.com/earthquake-chili-lithium-market/Also read-