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Sonami sees copper supply glut of 200,000 tonnes in 2020
The copper market will see a supply glut of 200,000 tonnes this year as the economic impact of coronavirus hits global demand for the metal, a Chilean industry group told Reuters. Diego Hernandez, president of Sonami, an association of mining companies with operations...
Demand for battery metals to jump 500% by 2050
Production of battery metals such as graphite, lithium and cobalt will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank reported Monday. According to the global lender, over 3 billion tonnes of minerals...
Metals markets to move into surplus
Most metals markets will move into surplus in 2020 due to the covid-19 pandemic, according to Fitch Solutions latest market report. The research agency has revised down its forecasts for both consumption and production of metals for a number of countries over recent...
Overview Market Close – May 11, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 24,221.99 -109.33 -0.45% S&P 500 INDEX 2,930.32 +0.52 +0.02% NASDAQ COMPOSITE INDEX 9,192.34 +71.02 +0.78% NYSE COMPOSITE INDEX 11,281.37 -72.97 -0.64% S&P/TSX COMPOSITE INDEX 15,103.22 +136.66...