Global Supply Woes Push Copper Past $11,400 Per Ton

View: Source Soaring copper orders from South Korea and Taiwan led to the biggest rise in requests for withdrawals from London Metal Exchange warehouses since 2013, pushing copper prices to a new record high on Wednesday. The price of copper increased by another 2.4% on the London Metal Exchange (LME) early on Wednesday, to exceed $11,400 per ton, which beat the previous record …

Continue Reading

US critical minerals security drive brings new era of stockpiling, project investment

View: Source Explore the efforts of the US government in critical mineral stockpiling and the challenges involved in securing these vital materials. Key takeaways: The US government has ramped up its efforts to stockpile critical materials for its national stockpile, but has faced challenges in doing so Many requests by the DLA have been extended or cancelled, demonstrating the challenges of …

Continue Reading

EU moves to reduce reliance on China for rare earth supplies

View: Source Europe will on Wednesday unveil a plan to reduce its reliance on China for rare earths and other critical minerals, opening a fresh front in its effort to secure supplies needed for major industries. The initiative, known as RESourceEU, is meant to give the bloc more control over materials that support sectors from energy to defence. The plan, to …

Continue Reading