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LME copper prices at 9-year high

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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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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

Chile ‘s state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said ahead of a major industry conference that starts Monday. When prices hit USD 4.50 per pound last Friday on Chicago Mercantile Exchange.

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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

Demand from China’s green energy sector, notably for electric vehicles and power infrastructure, is expected to underpin copper prices. The Chinese government’s potential moves, including lowering the Required Reserve Ratio (RRR) for major banks, could further energize metal demand and support copper prices.

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

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The industry delivered 16.5 The slowdown in Russia will be compounded by recent increases in car prices in response to the sharp decline in the ruble. Peru is likely to become the growth leader in 2015 alongside some acceleration in both public and private investment and improving household and business confidence.

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

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in 2014 as a result of industrial overcapacity and weakness in the real estate sector. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. With a strong exit to 2014, and gasoline prices currently plunging, consumers may feel even more positive throughout 2015. North America.

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Scotia Economics report sees double-digit increase in global vehicle production in first half of 2011; China to surpass European vehicle output this year

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Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest Global Auto Report released on Friday by Canada-based Scotia Economics.

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

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Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.

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