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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. Strong ocean swells delayed the loading of concentrate and refined metal shipments onto vessels from Chile and Peru during January, while delays of up to three months are reported in Ningbo port for containerized scrap to be inspected and cleared by customs.

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Copper prices rise to 10-year high, near record

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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 In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.

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

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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. Forecasts Market Background Sales'

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Shell completes acquisition of Repsol S.A. LNG portfolio

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billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell’s LNG marketing business. The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru.

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

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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.

Market 210
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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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. —Nigel Griffiths, chief automotive economist, IHS Automotive. North America.

2015 150
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Street network patterns reveal global trend towards increasing urban sprawl

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A rapid policy response, including regulation and pricing tools, is needed to avoid further costly lock-in during this current, final phase of the urbanization process. Gridded street networks, on the other hand, promote efficient, dense urban form in Bolivia, Argentina and Peru. —Barrington-Leigh and Millard-Ball.

Global 195