By Amrith Ramkumar Investors are ramping up wagers that the Biden administration s focus on economic stimulus and electric vehicles will turbocharge a monthslong climb in copper and other industrial metals. Even though they slid alongside other commodities Friday, most actively traded copper futures are still up more than 2% so far in 2021 and near their highest level since early in 2013. They have been lifted by buoyant demand from China and wagers that an improving global economy will further increase consumption later this year. Copper and other raw materials such as zinc and aluminum are the building blocks of construction, used to manufacture everything from computers to houses. That makes their prices extremely sensitive to momentum in the global economy and Chinese growth. China is the world s largest commodity consumer by far and is responsible for about half of global demand for copper and other metals.
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BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
Racing version of upcoming road-going hypercar New-generation car introduces Racing Hybrid brand Motorsport learnings to benefit future road cars
TOYOTA GAZOO Racing begins a new era of endurance racing with the launch of its all-new GR010 HYBRID Le Mans Hypercar, which will compete in the 2021 FIA World Endurance Championship (WEC).
The reigning world champions and three-time Le Mans winners will defend their titles against new manufacturer competitors using the racing version of Toyota’s upcoming hypercar road car.
Team President Hisatake Murata said WEC participation under the new Racing Hybrid branding would enhance Toyota’s understanding of hypercar technology and help deliver more exciting sportscars to customers.