The
Copper Monthly Metals Index (MMI) surged by 10.6% for this month’s reading, as the copper price has soared to a record high.
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Copper prices reach record highs
Last month, MetalMiner’s Stuart Burns dissected various views on the copper market after prices had retraced from a February peak of around $9,600 per metric ton.
Would the price go up or would it languish? As he noted, banks held differing opinions, with Goldman Sachs being particularly bullish on the red metal.
“JP Morgan is forecasting copper prices to peak at $9,000 per ton this quarter and slide back to $7,865 per metric ton over the second half of the year,” Burns wrote last month. “It argues more plentiful mine supply will take the steam out of the copper market.
Environmental News For The Week Ending 09 May 2019
This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at
GEI (but can be posted at other times).
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Note: Because of the high volume of news regarding the coronavirus outbreak, that news has been published separately:
Major coronavirus metrics continue to head lower in the US, and now also globally. New cases in the US during the week ending May 8th were down 18.6% from new cases during the week ending May 1st, and are now down 83.3% from the January peak; this week also saw fewer new cases than any week since September. This week s US deaths attributed to Covid were 6.8% lower than the prior week s, and down 80.5% from the January high; US Covid deaths are now at the lowest rate since since the second week of July.
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Supplies of critical minerals essential for key clean energy technologies such as electric vehicles (EV) and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a new report by the International Energy Agency.
The special report, The Role of Critical Minerals in Clean Energy Transitions, is the most comprehensive global study to date on the central importance of minerals such as copper, lithium, nickel, cobalt, and rare earth elements in a secure and rapid transformation of the global energy sector. Building on the IEA’s longstanding leadership role in energy security, the report recommends six key areas of action for policy makers to ensure that critical minerals enable an accelerated transition to clean energy rather than becoming a bottleneck.
Antidote du jour (via):
And a bonus antidote:
VIDEO: Feline Eid: Dressing Malaysia’s cats for the Muslim holidays.
A rising number of Malaysian cat lovers are dressing up their house pets with traditional outfits as the country prepares to usher in the Muslim holiday of Eid pic.twitter.com/0G9DUN2Peg
See yesterday’s Links and Antidote du Jour here.
This entry was posted in Links on
About Lambert Strether
Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the