Rumours have been swirling recently that China is now thinking of buying 20 Mt or more of seaborne products.
The total capacity attributes to 119 battery manufacturing facilities that are operational, under construction or announced by more than 50 vendors.
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
The global battery sector share of nickel demand is much smaller than other metals, getting the quantity of nickel that EVs will need remain a challenge.
Copper is faced with a finely balanced market. For now, positive investor sentiment around copper’s fundamentals is supporting higher prices.
Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2018. This will consume in excess of 5.5Mt of copper.
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