Carbon brakes aluminum supply response to booming prices

A trade war between the United States and China is depressing the price of copper and the red metal would be 5% to 15% higher without the dispute, Jean-Paul Luksic told El Mercurio.

But tin, nickel miners and aluminum manufacturers should worry more.

Gold futures in India fell to 31,240 rupees per 10 grams last week, the lowest in more than four months and down 8.2% from a 2019 high of 34,031 rupees hit in February.

Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of the Greenbushes mine in Western Australia.

The announcement follows illegal capacity expansions approved by local governments under the cover of capacity swaps.

Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition.

A swift deterioration in China-US trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war.

Brazil shipped 18.34 million tonnes of iron ore in April, down 17% from the prior month and a massive 29% from the same month a year earlier.

Countries have been scrambling to claim territory or, like China, boost their presence in the region.