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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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Eni report: global oil reserves and oil production up in 2018 due to US

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The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. 2018 recorded an overall growth in oil production of 2.5

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Baker Institute team says fossil fuel subsidies need global reform

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Their paper tracks fossil fuel usage and government subsidies since the the 2009 G20 summit, during which representatives from 20 countries discussed global financial and socioeconomic issues and agreed to “phase out and rationalize over the medium term inefficient fossil fuel subsidies.”. Costs ranged from a low of 0.3%

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Adamas Intelligence: China became a net-importer of several rare earth oxides (or oxide equivalents) in 2018

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According to a new report from Adamas Intelligence, China became a net-importer of several rare earth oxides (or oxide equivalents) in 2018. The report also assesses prices of over 50 commonly-traded rare earth materials, including oxides, chemicals, metals, alloys and more than 25 grades of sintered NdFeB magnets.

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. NEO 2018 sees $11.5

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IDTechEx forecasts global production of electric LCVs to exceed 2.4M units annually by 2030

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In a new report, “ Electric Vans 2020-2030 ”, UK-based IDTechEx forecasts that global production of electric LCVs will exceed 2.4 European Light Commercial Vehicle Sales 2018. Forecast eLCV share of total global LCV market revenue. million units annually by 2030. Source: IDTechEx Electric Vans 2020-2030, ACEA.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.