Swiss commodity giant Glencore warned Tuesday that the world faces a copper deficit due to higher demand sparked by the transition to renewable energies and uptake of electric cars. Copper is a conductive metal that is key to electric cars, wind and solar power installations, as well as the infrastructure for storing and transporting renewable […]
Electric cars driving copper deficit: Swiss commodity giant Glencore – EQ Mag
Swiss commodity giant Glencore warned Tuesday that the world faces a copper deficit due to higher demand sparked by the transition to renewable energies and uptake of electric cars. Copper is a conductive metal that is key to electric cars, wind and solar power installations, as well as the infrastructure for storing and transporting renewable […]
First Cobalt pioneers cobalt production for electric cars in North America
The Canadian company’s plans for its cobalt refinery in Ontario, would be a step towards helping North America reduce reliance on China, which dominates the supply chain for rechargeable lithium-ion batteries LONDON: First Cobalt said on Monday it expects to start making cobalt sulphate around the turn of the year and become North America’s first […]
Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
OSLO: Norway’s $1 trillion sovereign wealth fund may have to sell a $1 billion stake in commodities firm Glencore and other investments to meet tighter ethical investing rules adopted by its parliament. Norway’s parliament agreed on Wednesday to the centre-right government’s plan that the world’s largest fund would no longer invest in companies that mine […]