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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. USGS map of global mineral resources.

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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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Shell to expand global LNG position with ~$6.2B deal with Repsol S.A.

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Royal Dutch Shell plc has agreed to acquire part of Repsol S.A’s LNG (liquefied natural gas) portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for $4.4 The acquisition will LNG capacity in the West Atlantic from Atlantic LNG (ALNG) in Trinidad & Tobago, and in the East Pacific from Peru LNG (PLNG).

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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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GM global sales up 7.6% in 2011 to 9.026M vehicles; China and US largest markets

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global sales rose to more than 9 million vehicles in 2011, a 7.6% of the global vehicle industry. General Motors Global Sales Summary. Total Global. million vehicles around the world in 2011, setting a global sales record. million vehicles around the world in 2011, setting a global sales record. 595,068.

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NOAA: Global temperatures in March make coolest March since 1999 even with US’ record-breaking warmth

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The average global temperature for March 2012 made it the coolest March since 1999, and the 16 th warmest since record keeping began in 1880, according to the US National Oceanic and Atmospheric Administration (NOAA). The global land-only surface temperature was 1.31 °F (0.73 °C) above the 20 th century average of 40.8 °F

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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.

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