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Copper prices rise to 10-year high, near record

Green Car Congress

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.

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Bogotá orders 379 electric buses from BYD

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This order also sees BYD again smashing the record for the largest electric bus order in the Americas, following its delivery of 183 buses to Chile during August 2019. Globally, BYD buses, taxis and other electric vehicles are present in more than 300 cities, 50 countries and regions.

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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.

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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

The report also highlights that global copper supply may face disruptions due to issues in major producing countries like Chile , Peru, and Panama. Meanwhile, a significant mine in Panama has been ordered to halt operations, potentially impacting 1% of global copper production.

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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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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

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Ford building new $1.6B plant in Mexico for small cars

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Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany. Vehicles produced in Mexico also serve customers in the US, Canada, China, Argentina, Bolivia, Brazil, Colombia, Chile, Paraguay, Peru, Uruguay and South Korea. billion in Ford facilities alone in the US.

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

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America continues to be an impetus to global light vehicle demand levels. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. million, an increase of 2.4% North America. The year preliminarily closed with 5.34 million units.

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