Copper price jumps as Chinese imports surge
Copper price now up more than 20% from covid-19 lows as China's April concentrate imports surge 22% to over 2m tonnes for only the third time ever.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Lithium price: One in three cars sold in UK now electric
You have to look hard for a silver lining as European car sales collapse by 90% and forecasts for lithium demand and prices are slashed.
CHART: Covid-19 disrupts $6.9 billion of global mining output
New report shows operations at 260 mines in 33 countries have been suspended – South Africa, US, Mexico hardest hit.
New China EV incentives fresh boost for cobalt, lithium price
Changing habits in China following covid-19 could add further stimulus but new EV subsidy rules could prove headache for Tesla in China.
Cobalt price, nickel usage limit damage to EV Metal Index
Value of cobalt, nickel, graphite and lithium in newly-sold electric cars hold up despite impact of covid-19 as EV industry focus shifts to Europe.
Gold price rally back on track
“Everybody wants to reexamine gold and it’s not a fringe asset anymore. We’ve been run off our feet" – Sprott CEO
Gold price to surge past $3,000 says Bank of America
BofA's super bullish assessment comes on the same day the gold price drops back below $1,700 an ounce – down $90 in a week.
Renewables overtake coal-fired power generation for first time
IEA report on electricity generation in OECD countries shows coal-fired power output fell by the most on record while wind and solar sources grew rapidly.
CHART: China’s stranglehold on electric car battery supply chain
China has not only shoved aside the US for rare earths, cobalt, graphite and lithium production – new study shows it controls 93% of world's manganese going into EVs.
CHART: Friday massacre for mining stocks but copper price pulls out of nosedive
Historic down day for gold and silver prices caused double digit losses for precious metals stocks but copper miners came off relatively lightly.
