Peru's Copper Production Dip Sparks Global Price SurgePeru, the world’s second-largest copper producer, saw a slight decrease in production in January. With the recent surge in copper prices, all eyes are on whether Peru’s production decline will have an impact. Peru’s Ministry of Energy and Mines reported on the 19th (local time) that the country’s copper production in January was about 205,375 […]
China Copper Explores Overseas Investments to Alleviate Copper Supply ConstraintsChina Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
Pentagon Initiates Efforts to Develop Domestic Rare Earth Element SupplyThe U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel PricesGlobal investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
Peru's Copper Production Dip Sparks Global Price Surge Peru, the world’s second-largest copper producer, saw a slight decrease in production in January. With the recent surge in copper prices, all eyes are on whether Peru’s production decline will have an impact. Peru’s Ministry of Energy and Mines reported on the 19th (local time) that the country’s copper production in January was about 205,375 […]
China Copper Explores Overseas Investments to Alleviate Copper Supply Constraints China Copper, a subsidiary of the Aluminum Corporation of China (Chalco), is turning to overseas copper mine development to overcome the shortage of copper supply in China. Xiong Weiping, the CEO of Chalco, said in an interview with Reuters on the 11th (local time), “China Copper has launched an acquisition of overseas copper mines as […]
Pentagon Initiates Efforts to Develop Domestic Rare Earth Element Supply The U.S. Department of Defense is taking steps to establish a supply chain for rare earth permanent magnets to reduce dependence on China and secure its domestic supply network. Laura D. Taylor-Kale, Assistant Secretary of Industrial Policy, stated on the 11th, “We have been working to secure the supply chain for rare earth elements needed […]
Goldman Sachs Warns of Continued Downtrend in Cobalt, Lithium, and Nickel Prices Global investment bank Goldman Sachs has warned about the further decline in battery metal prices. Battery mineral mining companies have begun to regulate production, but the downward trend continues. On the 5th, Goldman Sachs stated in an investment note, “Although the prices of nickel, lithium, and cobalt have fallen by 60%, 80%, and 65% respectively […]
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