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Commodities Roundup: Copper production gains, see global copper data
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Steel capacity utilization; China coal production; Midwest Premium
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Oil price heads for new type of peak oil; overheating copper?; DRC cobalt
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Here’s a quick rundown of news and thoughts from particular commodity markets, including US electricity consumption, green steel and graphite anodes.
MetalMiner, a sister site of ours, scours the landscape for what matters. This week:
US electricity consumption forecast to bounce back
Unsurprisingly, after a drop in 2020, US electricity consumption is forecast to rise in 2021.
The Energy Information Administration forecast electricity consumption to rise by 2.1% this year. Last year, US electricity consumption fell by 3.8%.
Meanwhile, the EIA forecast US electricity generation from natural gas to decline this year and in 2022.
However, the EIA forecast the share of power generation from coal to rise from 20% to 22% in 2021.