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Previously lagging behind in the global industry, the US copper sector has attracted investments of $1.1 billion. Tesla and other electric vehicle manufacturers have invested in copper mining, Reuters reports. In 2020, four more copper projects will be launched and several deposits will be expanded. The United States ranks fifth in the world in copper reserves. Electric vehicles that use twice the amount of copper are becoming more popular in the market, which leads to an increase in investment in the industry. Copper mining in the US is reborn. The next four years will increase the volume of metal extraction by 8%. A number of US companies are planning to develop deposits by 2020. Tesla has already shown interest in copper production. In anticipation of the copper boom, Trump is preparing to reduce the time it takes to issue mining licenses, thanks to which the sector will also attract institutional investors. Analysts predict growth in stocks of companies building copper mines in the United States. Metal prices could rise by 10% over two years.
Great Britain’s automobile industry called on the government to provide additional measures such as sales tax reduction. This aims to lift the suffering sector as a third of automotive employees remain furloughed due to the novel coronavirus ...
Australia is set to launch its fourth economic stimulus package aimed at providing eligible residents the opportunity to renovate their homes. The scheme was announced by Prime Minister Scott Morrison on Thursday as the country attempts ...
Mexican mining output has a high chance of dropping by about 17% in 2020 due to the disruptions brought by the novel coronavirus crisis. However, it is likely to recover in the first quarter of 2021, the head of the country’s mining ...
May had seen Japan’s manufacturing sector dropping at its most rapid pace since March 2009, a private sector poll showed on Monday. The sector's inactivity was due to a slump in demand brought by the novel coronavirus crisis. Japan Manufacturing ...
April results showed South Korea’s factories suffering under the pandemic. Global quarantine restrictions sent manufacturing operations declining the fastest since 2009 and exporters beaten by the historical drop in demand in 16 years. ...
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