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News of China’s first copper, zinc and aluminum auction does not impress markets
China has released details of its first round of non-ferrous metals auctions from its state reserves, and market reaction has been unsatisfactory. The National Food and Strategic Reserves Administration reported Tuesday that it will auction 20,000 tons of copper,...
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...