..Bill Gates rallies a coalition of billionaires to develop clean energy
By Gabriel Simeon - 30 November 2015
The co-founder of Microsoft has announced a major investment project in "clean tech" funded by the big names of the Internet. Mark Zuckerberg (Facebook), Jeff Bezos (Amazon) and Xavier Niel (Free) are in the game.
Bill Gates, with Barack Obama and François Hollande, Monday at COP 21. Photo Jim Watson. AFP
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moreover, all electric would require huge amounts of copper for windings and therefore an explosion of its price followed by its rarity and return to square one.For example, electric vehicles can be considered as a technical novelty, but in reality they will, in the best case, only replace existing vehicles.
Ahmed wrote:A coalition of billionaires wants to develop clean energy to continue salping the planet!
(well if but its content has been "emptied" ...)
Obamot wrote:Graphene can be used instead of copper?
But yes, at first this problem will arise (since it arises already ...)
Falling copper prices make the industry move
By Delamarche Blueberry - New Factory the 13 November 2015
Due to the slowdown in Chinese demand, copper has lost half of its value since 2011, returning in November under 5 000 dollars per ton. This drop in prices has consequences for both mining giants and processors in France.
Copper reached the November 12 its lowest price since May 2009. According to several analysts, this relapse is consecutive to the announcement by Beijing of disappointing statistics of investment, including among others the construction, strong consumer of red metal. China consumes about 45% of world copper. This decline reflects the conversion of the Chinese economy from investment to fixed assets towards a more sustained economy through services and consumption.
It is a long time ago, when the red metal, the muse of the super-cycle of raw materials, knew the 10 000 dollars a ton. Down from 20% since early 2015, it is even ironed from the 6 November under 5 000 dollars per ton, dividing its value by two since 2011.
Mining giants in trouble
Among the first victims of the fall in copper prices, the Chilean Coldelco was rescued in extremis at the end of October by his government, which accepted the principle of a record recapitalization. 600 million dollars will be injected into the public company to finance an investment plan to extend the operating life of existing deposits.
The market value of Glencore is also closely linked to that of copper. In its debt reduction plan, it is this metal that has suffered the most from production cuts: the Swiss raw materials giant announced the shutdown of mines in Africa, then the slowdown in production in Argentina and the sale of mining assets in Australia and Chile. However, the vast consolidation announced was not enough to reassure investors in the long term, and the Glencore share price continues to rock every time the price of copper stumbles.
Consequences in France
In France too, this collapse in the value of the red metal is causing casualties. After the announcement of the closing of KME in Givet (Ardennes), which will finally be taken over by the Finnish group Cupori, it is the last French laminator Griset who has just applied for placement in receivership after the banks refused him their support to face a cash crisis.
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