Page 20 - Michael Widmer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

● Investors in commodities have tended to stress the importance of economic cycles  ● But decarbonisation and renewable electricity generation could continue to fuel rising  prices for copper, platinum group metals and nickel Environmental activism has become mainstream. A new report by the University of Oxford and United Nations Environment Programme shows $341bn (€290bn) has been set aside for green initiatives by the world’s 50 biggest economies, in $14.6trn of announced stimulus.  That 2.5% of overall GDP may seem trivial but it comes on top of longer-term commitments. Once the...

* Many projects shelved after 2013 due to low prices LONDON, April 27 (Reuters) - Ample copper supplies next year and in 2023 will keep the market balanced, but miners need to start investing in new capacity now to meet a pick up in demand growth as economies switch to renewable energy. Copper prices at around $9,900 a tonne, close to the record $10,190 a tonne hit in February 2011, are significantly above levels needed for new projects and expansions to be profitable. Many projects were shelved after 2013 when prices fell below minimum profit thresholds. “For 2030/2031 we are looking at a ...

Record copper scrap flows this year won’t plug deficit Supplies of copper scrap will jump this year due to decade high prices, but are unlikely to come fast enough to meet robust demand, leaving shortages that are expected to trigger stock draws and further price gains. Copper prices around $9,400 a tonne are close to $9,617 hit in February, the highest since August 2011 and more than double the levels seen in March last year, when manufacturing activity crashed due to COVID lockdowns. Scrap typically accounts for about a third of global copper supplies at around 30 million tonnes, but quan...

* Neither mine nor scrap supply expected to balance market LONDON, April 21 (Reuters) - Supplies of copper scrap will jump this year due to decade high prices, but are unlikely to come fast enough to meet robust demand, leaving shortages that are expected to trigger stock draws and further price gains. Copper prices around $9,400 a tonne are close to $9,617 hit in February, the highest since August 2011 and more than double the levels seen in March last year, when manufacturing activity crashed due to COVID lockdowns. Scrap typically accounts for about a third of global copper supplies at aro...

Tsingshan Holding Group Co. made numerous bold moves on its path to becoming the world’s largest nickel producer, but its new plan to supply carmakers with cheap, clean metal could be its biggest breakthrough yet.