article thumbnail

Copper prices rise to 10-year high, near record

Green Car Congress

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. 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.

Price 418
article thumbnail

LME copper prices at 9-year high

Green Car Congress

Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.

Price 399
article thumbnail

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

Green Car Congress

Eaton Corporation has signed a long-term agreement to design and supply Argentine bus manufacturer Tecnología Avanzada en Transporte S. Eaton matches the system to an automated six-speed Eaton transmission and stores energy in a lithium-ion battery pack. TATSA), a company wholly owned by Consorcio Metropolitano de Transporte S.A.,

Eaton 186
article thumbnail

11 Intriguing Engineering Milestones to Look for in 2023

Cars That Think

One will provide Internet to rural Peru, two will service airplanes and cruise liners, and the final satellite’s use is yet to be disclosed. The series would consist of two races lasting 30 minutes apiece, with no battery swaps or charging allowed. That same year, the company plans to launch four more microGEOs.

Engine 126
article thumbnail

Adani Group’s USD 1.2-bn copper plant to boost India’s metal production – ET Auto

Baua Electric

Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper. India’s copper production has been unable to meet this demand, and domestic supply disruptions have led to a higher dependency on imported copper.

Auto 52