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Copper prices rise to 10-year high, near record

Green Car Congress

The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t t on 14 February 2011. In April, a surge in case numbers lead to the closure of the Chilean border and a subsequent jump in the copper price.

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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

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Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. Results from Du/Hayes are indicated by the large square. Source: Knittel and Smith (2012). Click to enlarge.

Davis 334
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Volkswagen ending production of US Passat; Chattanooga to pick up ID.4 production next year

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With the Atlas and Atlas Cross Sport in high demand, and the North American production launch of the all-electric ID.4 Aurora Red Metallic models with Titan Black interior will number 411 units, representing the original vehicle production code. In 2011, Volkswagen started assembling the Passat for the North American market.

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Elcora receives manganese production license in Morocco

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The plan will be based on detailed maps of the former French mine located on its concession allowing for faster and more efficient production. The mining method will initially be open pit, heavy machinery and production equipment are already being shipped. Elcora is preparing a comprehensive mining plan for the Atlas Fox Deposit.

Morocco 186
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EIA: Supply disruptions and increasing demand boosted US petroleum product imports in March

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Imports of petroleum product into the United States increased in March 2021 as a result of increased demand, temporary unplanned refinery outages in the US Gulf Coast, and high US petroleum product prices compared with prices in Europe, according to the US Energy Information Administration (EIA). per gallon.

Supplies 186
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Neste to acquire Bunge Rotterdam refinery to increase raw material pretreatment capacity for renewable products

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Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire Bunge Loders Croklaan’s refinery plant located in Rotterdam, the Netherlands for a purchase price of €258 million (US$302 million). —Neste President and CEO Peter Vanacker.

Renewable 273
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Oil Majors’ Costs Have Risen 66% Since 2011

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Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies.

Oil 150