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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

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Rio Tinto and First Quantum Minerals (FQM) have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Cajamarca, Northern Peru, one of the largest undeveloped copper resources in the world.

Peru 273
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LME copper prices at 9-year high

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That prices should be at such elevated levels during the middle of the Chinese Lunar New Year holidays, when Mainland buyers are absent from the market, raises the spectre of whether commodities are poised for a new super-cycle, driven by the increasing demand for renewable energy to meet global decarbonization targets, Roskill said.

Price 399
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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With the pandemic spreading across the globe, strict lockdowns in key markets, combined with consumer panic and economic uncertainty, have all contributed to the huge decrease in sales last month. Registrations fell in all 27 markets, but with varying severity. This downward trend is not simply due to the restrictions of free movement.

Europe 261
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Copper prices rise to 10-year high, near record

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Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels. Goldman Sachs and Robert Friedland, Founder of Ivanhoe Mines, suggest prices of US$15,000/t might be seen by 2025, due to restricted supply and bullish demand growth.

Price 418
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Bogotá orders 379 electric buses from BYD

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BYD’s zero-emission transportation solutions have gained ground in Latin America, and now successfully service markets in many other countries across the region, including Ecuador, Chile, Brazil, Peru, Panama, Uruguay and Argentina. It will also be 60% cheaper to operate these buses, compared to traditional diesel-powered buses.

BYD 286
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Minerals used in electric cars: How much does the US import and from where?

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Canada, Mexico, Peru, Spain. Gabon, South Africa, Australia, Georgia. Norway, Canada, Japan, Finland. Argentina, Chile, China, Russia. Rare earths. China, Estonia, Japan, Malaysia. The table also lists the major import sources (in descending order of import share) for all minerals. Again, this information is from the US Geological Survey.

Gabon 353
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Eaton signs long-term agreement with Argentine bus manufacturer TATSA to design and supply hybrid systems

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Eaton matches the system to an automated six-speed Eaton transmission and stores energy in a lithium-ion battery pack. As a member of the Argentine commercial vehicle industry, TATSA is engaged in an expansion process in both domestic and international markets.

Eaton 186