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Global fiscal infrastructure spend glues coppers bull case for the next decade 1 Copper International Mining in DRC Mining in Zambia 

Global fiscal infrastructure spend glues coppers bull case for the next decade

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It’s an element with atomic number 29 and relative atomic mass of 63.546 on Mendeleevs periodic table for chemical engineers, while scientists in these pandemic times say the metal is poisonous to the deadly cororna virus. To Chile, Peru, Democratic Republic of Congo, Indonesia, Mongolia and Zambia it spells tax revenues for public finance balancing. To the business faculty, Dr. Copper is a bellwether and barometer for economic pulse. Copper, the metal used in manufacture of electric wires has just cemented its bullish case on the London Metal Exchange –… Read More Here
Demand for copper, lithium and nickel batteries increases by more than 400%, study finds 2 Copper Cobalt International Lithium Mining in DRC Nickel 

Demand for copper, lithium and nickel batteries increases by more than 400%, study finds

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These analysts’ forecasts indicate good prospects for the mining companies in the DRC which produce all these minerals. BloombergNEF (BNEF), a provider of strategic research, has increased its forecast for annual lithium-ion battery demand by more than a third from its previous forecast due to expectations of rapid growth in the passenger vehicle segment, mining.com reports. According to the BNEF, annual demand for lithium-ion batteries will exceed 2.7 terawatt-hours per year by 2030, a 35% increase over the analysis company’s forecast made last year. Passenger vehicles will account for 72% of… Read More Here
Copper price set for smallest quarterly gain since March 2020 3 Copper International 

Copper price set for smallest quarterly gain since March 2020

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Copper prices rose on Wednesday but were set for their smallest quarterly gain since March 2020 on pressure from a firm dollar and China’s efforts to tame a red-hot metals rally. Copper for delivery in September rose 1.6% from Tuesday’s settlement price, touching $4.335 per pound ($9,537 per tonne) midday Wednesday on the Comex market in New York. The most-traded August copper contract on the Shanghai Futures Exchange dipped 0.3% to 68,050 yuan a tonne, set for the weakest quarterly gain since March 2020 when China’s recovery from the covid-19 pandemic… Read More Here
Demand for green copper to grow by an average of 13% per year over the next 10 years (Report) 4 Copper International 

Demand for green copper to grow by an average of 13% per year over the next 10 years (Report)

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As the pace and shape of the green transition quickly becomes one of the key themes in the global economy, copper will experience an increase in demand during the period 2021-2030, gaining a place on the material list.   Currently, the demand for copper can be divided into three broad categories: building construction, infrastructure and manufacturing. However, Fitch notes   , the demand profile for copper will change as decarbonization targets accelerate in 2021 and lead to much higher demand from the energy and automotive sectors. Fitch  quantified the impact of the green transition on copper demand and… Read More Here
Gold heads for worst month since 2016 on Fed’s hawkish shift 5 Gold International 

Gold heads for worst month since 2016 on Fed’s hawkish shift

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Gold headed for the biggest monthly drop in more than four years after the Federal Reserve sped up their expected pace of policy tightening, sending prices tumbling below $1 800/oz. The rise in US stocks to a fresh record and a resurgent dollar have also weighed on the precious metal. Investors are also assessing new travel restrictions in Europe amid concerns about the coronavirus delta variant, which helped spur a re-think of the reflation trade. Bullion is stabilizing below $1 800/oz as traders now focus on the timing of when… Read More Here
Copper price down as China industrial profits slow 6 Copper International 

Copper price down as China industrial profits slow

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Copper price fell again on Monday as slowing profit growth in industrial firms in China metals, rising inventories and low premiums sapped enthusiasm for the metal. Copper for delivery in September fell 0.3% from Friday’s settlement price, touching $4.276 per pound ($9,407 per tonne) midday Monday on the Comex market in New York. Profit growth at China’s industrial firms slowed again in May as surging raw materials prices squeezed margins and weighed on factory activity. On-warrant inventories of copper in LME-registered warehouses have jumped to their highest since May 2020,… Read More Here
Caterpillar, steelmakers gain as Biden deal ups demand view 7 Equipment & Technology International Mining technology 

Caterpillar, steelmakers gain as Biden deal ups demand view

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Caterpillar Inc. and steelmakers surged as President Joe Biden’s bipartisan $579 billion infrastructure deal buoyed the outlook for U.S. demand. Heavy-equipment maker Caterpillar gained 2.6% after jumping as much as 3.8% in New York on Thursday, the most in three months. U.S. Steel Corp. climbed more than 3% and Nucor Corp., the largest U.S. steel producer, rose 2% amid a similar increase by the Bloomberg Americas Iron/Steel Index. Farm-equipment maker Deere & Co. and aluminum company Alcoa Corp. also advanced. Metals and machinery makers have risen this year, partly on… Read More Here
Copper price keeps soaring despite China’s attempt to cool rally 8 Copper International 

Copper price keeps soaring despite China’s attempt to cool rally

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Copper price rose on Wednesday, one day after China’s National Food & Strategic Reserves Administration announced that it intended to sell 20,000 tonnes of copper in an initial batch of sales of state metal reserves. The release of state metal reserves in China, the world’s biggest metals consumer, is one of a number of attempts by Beijing to cool a stellar rally in commodity prices that has squeezed manufacturers’ margins. Copper for delivery in July rose 2.6% from Tuesday’s settlement price, touching $4.342 per pound ($9,552 per tonne) midday Wednesday on the… Read More Here
Sandvik to acquire Tricon Drilling Solutions 9 Equipment & Technology International Mining technology 

Sandvik to acquire Tricon Drilling Solutions

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Sandvik has signed an agreement to acquire Tricon Drilling Solutions, a privately-owned supplier of rock tools for the mining industry, based in Perth, Australia. Tricon will operate as an independent, standalone business unit within Sandvik Mining and Rock Solutions’ Rock Tools division. Tricon’s product offering includes rotary bits, down-the-hole (DTH) hammers and bits, as well as full rotary and DTH drill strings. The company has 24 employees. Henrik Ager, President of Sandvik Mining and Rock Solutions, said: “I am pleased that we continue to deliver on our active acquisition agenda,… Read More Here
Mines: world copper production up 3.7% in Q1 2021 (Report) 10 Copper International 

Mines: world copper production up 3.7% in Q1 2021 (Report)

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According to a report by the International Copper Study Group (ICSG), global copper mining production increased 3.7% in the first three months of 2021, reports Mining.com. The production of concentrate increased by 5.5% and the electrolytic extraction by solvent (SX-EW) decreased by approximately 3.5%, notes this institution. With the covid-19 pandemic hitting the world as early as January 2020, global mining production began to recover in June 2020 as lockdown measures eased and the industry adapted to health protocols. more stringent that remain in place in 2021. In Peru, the second-largest… Read More Here

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