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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 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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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. 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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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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Shell completes acquisition of Repsol S.A. LNG portfolio

Green Car Congress

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. These are expected to lead to a net cash purchase price of $3.8 billion (subject to post closing adjustments), compared to purchase price of $4.4 Peru LNG 4.45

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SpaceX to launch quartet of mini geostationary satellites in 2023

Teslarati

As of March 2022, Astranis has secured contracts to build 11 MicroGEO satellites for a range of customers: one for Alaska’s Pacific Dataport, eight for in-flight and at-sea connectivity provider Anuvu, and one or two for Peru’s Grupo Andesat.

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

Green Car Congress

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. Challenging conditions in South America.

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Street network patterns reveal global trend towards increasing urban sprawl

Green Car Congress

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.

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