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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. However, wire rod demand from the wire and cable industry as a whole is said to be tepid. The true direction of prices in 2021 will only be revealed once Chinese traders return and assess their appetite for the metal in March, Roskill said.

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Calendar-year 2015 is also likely to set all-time highs for the North American auto market, the report said. The industry delivered 16.5 Data: Scotiabank.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

2015 150
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ClearRefining Process Upgrades ULSD to Lighter, Cleaner-Burning Fuel; Nevada Designates it an Alternative Fuel

Green Car Congress

ARC is currently selling GDiesel at the same price as regular diesel through five local and regional Nevada distributors, including Golden Gate Petroleum, one of the largest fuel distributors in Northern Nevada and Northern California.

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Adani Group’s USD 1.2-bn copper plant to boost India’s metal production – ET Auto

Baua Electric

Copper is the third most used industrial metal after steel and aluminium, and its demand is rising on the back of fast-growing renewable energy, telecom and electric vehicle industries. million tonnes by 2027 on the back of huge demand from the green energy industry. The number is expected to rise to 1.7 million tonnes.

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UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

Green Car Congress

Honeywell’s UOP—a major international supplier and licensor of technology for petroleum refining, gas processing, petrochemical production and major manufacturing industries—has also been an early leader in developing technologies for the production of renewable drop-in hydrocarbon fuels. —Jim Rekoske.

Renewable 247