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Aluminum could anticipate bullish July movement
Since the May 2021 highs, primary aluminum has been in a broad triangular phase, with prices now pressuring against the upper extreme in the $2470/mt area. The current pattern identifies itself as a symmetrical triangle, with bullish/bearish implications depending on...
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...
Glencore reopens one of the world’s largest cobalt mines
Glencore could reopen its Mutanda Mining copper and cobalt project in the Democratic Republic of Congo by the end of 2021, about two years after leaving the mine idle. Congo's new mining minister, Antoinette N'Samba Kalambayi, met with representatives of the Swiss...
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 which...