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Copper prices rise to 10-year high, near record

Green Car Congress

Goldman Sachs and Robert Friedland, Founder of Ivanhoe Mines, suggest prices of US$15,000/t might be seen by 2025, due to restricted supply and bullish demand growth. Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels.

Price 418
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LME copper prices at 9-year high

Green Car Congress

Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.

Price 399
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GECF: more than a quarter of 2050 natural gas supply untapped

Green Car Congress

According to the latest available figures from the GECF Global Gas Outlook 2050, natural gas production in the Central Asian Republic is set to increase by 78% to reach the level of more than 141 billion cubic metres (bcm) by 2050, at a remarkable annual growth rate of 1.9%.

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Shell to expand global LNG position with ~$6.2B deal with Repsol S.A.

Green Car Congress

Royal Dutch Shell plc has agreed to acquire part of Repsol S.A’s LNG (liquefied natural gas) portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for $4.4 mtpa capacity, on a 100% basis (20-25% equity per train); Peru LNG 4.45 billion in cash. The acquisition should add some 7.2

Peru 225
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Foton Motor to extend cooperation with Cummins; second stage of the “China Super Truck” program

Green Car Congress

Since 2008, when Foton Motor and Cummins established a joint venture, engines produced by Foton Cummins have covered light-duty and heavy-duty engine series, with emission standards meeting the requirements in the globally strictest emission-related laws and regulations.

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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

The report also highlights that global copper supply may face disruptions due to issues in major producing countries like Chile , Peru, and Panama. Meanwhile, a significant mine in Panama has been ordered to halt operations, potentially impacting 1% of global copper production.

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Maersk and IBM launch TradeLens blockchain shipping solution; 154+ million shipping events already captured on platform

Green Car Congress

Moller–Maersk and IBM announced the creation of TradeLens , jointly developed by the two companies to apply blockchain to the world’s global supply chain. Pacific International Lines (PIL) have joined Maersk Line and Hamburg Süd as global container carriers participating in the solution.