Hoarding: European warehouses storing €7 billion worth of solar panels – report
Chinese-manufactured solar photovoltaic panels are piling up in European warehouses, with approximately 40 gigawatts-direct current of capacity in storage.
New report by Fitch Solutions forecasts over 7 million tonnes will be added to global copper production through 2031 as a raft of projects in Chile, Peru and Congo come online.
China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps.
California Republican congressman Ken Calvert said America must be "clear-eyed about the Chinese and Russian aggression when it comes to consolidating critical mineral resources.”