Copper prices are falling sharply on global markets and the key production metal has had its worst week this year. The last time the price of copper fell this significantly was in 2008. Coincidence? No, according to Bloomberg, the current moves in copper represent the strongest confirmation yet of an impending recession and a general … Read more
Electric cars, solar and wind farms, batteries for energy storage all need copper. According to S&P Global, an electric car needs two and a half times more copper than a car with an internal combustion engine. Solar power plants need twice as much copper per megawatt of installed capacity as electricity from natural gas or … Read more
Jakarta, CNBC Indonesia – World commodity prices strengthened throughout the first semester of 2022. The energy sector is the driving force, supported by tight supply. Then followed by the price of food and plant commodities. Meanwhile, recession fears have drowned industrial metal commodity prices. Meanwhile, the prices of precious metals such as gold and silver … Read more
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Brazil, the largest iron ore producer after Australia, wants to attract more exploration and development of key minerals for the clean energy transformation. To do this, the government is reviewing geological information, opening inactive areas and working on indigenous consultation processes, he said. Pedro Paulo Dias Mesquitasecretary of geology, mining and transformation of minerals of … Read more
Jakarta, CNBC Indonesia – Holding of the State-Owned Mining Company (BUMN), Mining Industry Indonesia aka MIND ID, recorded a surge in net profit throughout 2021. MIND ID’s net profit in 2021 jumped 687% to Rp 14.33 trillion from Rp 1.82 trillion in 2020. MIND ID President Director Hendi Prio Santoso said, “The company’s positive performance … Read more
Jakarta, CNBC Indonesia – PT Freeport Indonesia is said to be producing 1 tonne of gold per week from a processing and refining plant (smelter) currently being built in the JIIPE Special Economic Zone (KEK), Gresik, East Java. This was stated by the Coordinating Minister for Economic Affairs Airlangga Hartarto in the BRI Microfinance Outlook … Read more
Jakarta, CNBC Indonesia – World commodity prices have risen so far this year and peaked in October. Some commodities managed to carve record highs of all time, but after that one by one began to fall. Coal throughout 2021 scored a price spike of 171.67% and touched an all-time high on October 5. But after … Read more
Jakarta, CNBC Indonesia – Prices of mining commodities, both coal and minerals, are currently soaring. In fact, the price of coal has almost touched US$ 300 per ton, the highest since at least 2008. In the midst of passionate mining commodity prices, this is not the case in terms of investment. The Ministry of Energy … Read more
Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) this morning, Tuesday (12/10/2021), watched the event groundbreaking the construction of the PT Freeport Indonesia smelter in the Special Economic Zone (SEZ) Gresik, East Java. Jokowi also expressed his pride that Indonesia was able to build a copper smelter plant for single line largest in the world. … Read more
The gas and electricity debacle that is shaking the northern hemisphere could impact commodities such as copper, Chile’s main export product. In addition, an “imported inflation” would be generated by the higher prices of these energies. Exclusive content for DF Digital subscribers 20 % dto. On subscription – – DF DIGITALPREMIUM $ 5,200 monthly | … Read more