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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.

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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.

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

Green Car Congress

The Gas Exporting Countries Forum is an international governmental organization of 20 Member Countries—Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, Venezuela, Angola, Azerbaijan, Iraq, Kazakhstan, Malaysia, Norway, Oman, Peru, and the United Arab Emirates—which jointly control 71% (..)

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Shell completes acquisition of Repsol S.A. LNG portfolio

Green Car Congress

The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru. Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity: 100% offtake); operated by Peru LNG Company. Atlantic LNG trains 1-4; 14.8

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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

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Eaton signs long-term agreement with Argentine bus manufacturer TATSA to design and supply hybrid systems

Green Car Congress

Eaton Corporation has signed a long-term agreement to design and supply Argentine bus manufacturer Tecnología Avanzada en Transporte S. TATSA), a company wholly owned by Consorcio Metropolitano de Transporte S.A., with a hybrid electric power system for use in buses in Argentina and throughout South America.

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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. In Chile, operational challenges and water supply issues are impacting mine production, while community actions in Peru are expected to affect mining investments and output negatively.