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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

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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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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 TecnologĂ­a 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.

Eaton 186
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GECF: more than a quarter of 2050 natural gas supply untapped

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

Green Car Congress

The FOTON AUMAN EST series will be launched in Russia, Peru, Thailand, and other countries this year. BFDA), matched with the Cummins ISG powertrain, and integrated with globally top-level commercial vehicle core supply chains including Cummins, ZF Friedrichshafen AG, Wabco, Continental, and others.

China 170
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Caterpillar Foundation awards $12.5M grant to World Resources Institute (WRI) for sustainable cities initiative; focus on key urban centers in China, India and Brazil

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Poorly-planned, sprawling cities have the potential to undermine efforts to sustain economic growth, improve energy efficiency, curb greenhouse gas emissions, and secure clean water supplies.

Brazil 199
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Maersk and IBM launch TradeLens blockchain shipping solution; 154+ million shipping events already captured on platform

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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. Customs authorities in the Netherlands, Saudi Arabia, Singapore, Australia and Peru are participating, along with customs brokers Ransa and Güler & Dinamik.