Copper market’s biggest whale fuels speculation of a major shift
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.
The En+ Group has completed a transaction to sell approximately 1 million emission reduction units (ERUs) that will be created by a Joint Implementation (JI) Project under Article 6 of the Kyoto Protocol. The ERUs will be created at the Bratsk aluminum smelter. The smelter is owned by UC Rusal. The En+ Group holds a controlling stake in UC Rusal. The ERUs were purchased by buyers represented by affiliates of Natsource. New Energy Finance, a leading independent analytical service, ranked Natsource as the world’s largest purchaser of carbon credits on a risk-adjusted basis through 2007. (more…)
