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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. Strong ocean swells delayed the loading of concentrate and refined metal shipments onto vessels from Chile and Peru during January, while delays of up to three months are reported in Ningbo port for containerized scrap to be inspected and cleared by customs.

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UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

Green Car Congress

Honeywell’s UOP—a major international supplier and licensor of technology for petroleum refining, gas processing, petrochemical production and major manufacturing industries—has also been an early leader in developing technologies for the production of renewable drop-in hydrocarbon fuels. Earlier post.) Hydroprocessing.

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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

Driven by renewed interest in commodity assets, copper prices rallied 10% since the start of this year on London Metal Exchange. Copper prices also hit record high on Shanghai Futures Exchange (Shfe) and neared a two-year high of USD 4.34 When prices hit USD 4.50 per pound last Friday on Chicago Mercantile Exchange.

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

Baua Electric

“Adani wants to become a global leader in the copper business, leveraging the Adani Group’s strong position in resource trading, logistics, renewable power, and infrastructure,” one of the sources said. Adani group, which is rapidly growing its renewable portfolio, will be a significant consumer of the red metal.

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