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Part of the Scrap Monster editorial team for the past three years, Anil Mathews has been involved in developing relevant and informative news write-ups on global recycling trade. Proficient in researching information on recycling market trends, Anil keeps track of the latest happenings in and around the industry. Possessing adaptive range of writing styles, Anil's articles pay unique attention to evolving technologies capable of redesigning today's recycling industry. His articles cover recycling business trends and developments, chiefly pertaining to Asian markets.
Many speculate that China’s slowdown will not only undermine metal prices but also put China at risk of experiencing a Japan-style decade of deflation. A recent Financial Times article suggests that China has tried various measures to stimulate economic growth.
Goldman Sachs said rising usage of electric vehicles (EV) was a "key pillar of copper's bullish story", forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025.
Exxon Mobil (XOM.N) has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc (TTI.N), the second move this year by the oil giant for control of assets needed to produce the electric vehicle battery metal.
Copper prices drifted lower on Wednesday as a double-digit decline in China's industrial profit in the first five months weighed on sentiment, though losses were limited by tight global inventories and demand hopes.
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