Hints and tips:
...The copper is the real thing here — the copper is first-class,” said Frost at Artemis. “If you believe in the structural growth of copper, the offer price is too low.”...
...Tesla is also advancing with plans to build its own lithium hydroxide refinery on the Texas Gulf Coast....
...A key element of that is financing projects such as the Lobito Corridor railway to connect a port in Angola with copper mines in the region....
...Reko Diq is the largest foreign direct investment in Pakistan and is one of the world’s largest undeveloped copper deposits....
...In 2019, Iran’s Revolutionary Guard Corps sparked a diplomatic and maritime security crisis in the world’s busiest energy waterway....
...South-east Asia has eclipsed it as an investment destination and a manufacturing hub....
...That followed a $3.5bn deal in January between South Korea and the United Arab Emirates for Korean defence firms including Hanwha to export midrange surface-to-air missiles to the Gulf state....
...One jeweller client of Mehta’s recently crafted a necklace for a Gulf royal using $8mn-worth of mined diamonds, but set the rare gems among $100,000 worth of lab-grown sparklers....
...Over the next few years, this will become the world’s fourth-biggest mine for copper, a metal central to the energy transition....
...The new fund comes as the US and Europe race to catch up with China in securing access to critical minerals that are used in strategic manufacturing industries such as solar panels, wind turbines and electric...
...They include shale producer Continental Resources, Gulf of Mexico-focused oil company Talos Energy and Phillips 66, an oil refiner....
...China’s largest contract chipmaker, Semiconductor Manufacturing International Corp, reported its sharpest revenue fall in more than 10 years amid weak demand for consumer electronics....
...Biden also said his economic plans, with billions of dollars in subsidies for domestic manufacturing including semiconductors, were helping the US win the economic competition....
...Images showing chunks of paint flaking from the A350s, exposing the copper mesh that protects the aircraft from lightning, are pretty startling. Yet Qatar too has a case to prove....
...FT’s Gulf correspondent Simeon Kerr breaks down the controversy on the FT’s Behind the Money podcast here....
...gulf between the US and China....
...Brent crude is down 29 per cent from June; copper 20 per cent. The housing market is in freefall. Manufacturing PMIs fell in both June and July....
...Domestic solar and other clean tech manufacturing is subsidised....
...Since the start of the year, China has ramped up efforts to control rising commodity prices that have pushed up the cost of everything from manufacturing, to power to food....
...In South Korea, shares in copper manufacturer Poongsan Corp have jumped more than 46 per cent this year, while those of Korea Zinc are riding 16 per cent gains....
...At the southernmost tip of Texas, alongside the Gulf of Mexico, a gleaming stainless steel rocket has been rising from the salt marshes....
...In the Gulf, however, investors have worried about missing out on gains....
...In sharp contrast, the manufacturing sector identified significantly more substantive climate-related risks than years prior....
...“They steal our copper.” We are in Hobbs, in Lea county, standing on top of some of the most productive oil-bearing rocks on the planet....
...While the group is able to pass higher copper prices on to its power cord customers, there is a slight delay....
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