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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

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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.

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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

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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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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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This Startup Is Using AI to Help Keep Store Shelves Stocked

Cars That Think

The situation is the result of supply-chain issues caused in part by the COVID-19 pandemic. The startup, headquartered in San Francisco, won this year’s CCU (Compania Cervecerias Unidas) Chile’s Innpacta Global Open Innovation Challenge. WisyAI uses software that companies currently employ to manage their supply-chain operations.

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