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Copper: preliminary production data for March 2021
Preliminary data released by the International Copper Study Group (ICSG) indicates that global copper mine production increased 3.7% in the first three months of 2021, with concentrate production up 5.5%. WORLD MINING PRODUCTION Global mine production began to recover...
China will auction the first batch of state metal reserves
China’s State Reserves Administration reported that it would publicly auction a total of 100,000 tons of nonferrous metals early next month in the first round of a rare and much-anticipated release of its inventories. The National Food and Strategic Reserves...
Copper supply must double by 2050
Glencore CEO Ivan Glasenberg told the Qatar Economic Forum that a supply gap is growing in the metals the world needs to replace fossil fuels with renewable energy. According to Glasenberg, copper supplies need to increase by one million tons per year until 2050 to...
Europe takes steps to reduce dependence on China
Speaking at the summit of the European Raw Materials Alliance, European Commissioner for the Internal Market, Thierry Breton, expressed concern about the EU’s dependence on third countries for 99 products, primarily raw materials (supply of rare earths, 98% of...