Hyperdrive IEA Says Governments Should Consider Stockpiling Battery Metals By Mark Burton and Javier Blas May 5, 2021, 12:00 PM GMT+7
......................... Stockpiling programs could provide a valuable buffer as leading industrial nations look to develop reliable supplies of metals and minerals that will play a critical role in a decarbonizing world, the energy watchdog said in a report on Wednesday.
......................... “Meeting our climate change goals will turbocharge demand for mineral resources,” Fatih Birol, the head of the IEA, said by phone. “Voluntary strategic stockpiling can in some cases help countries weather short-term supply disruptions.”
..................... The agency has since broadened its remit, advising governments on energy policy and increasingly on climate change. Now the influential watchdog is urging governments to brace against new supply risks as the world becomes increasingly reliant on an array of critical minerals that are often only produced at scale in a handful of countries.
Sorry I have a different opinion. I believe the best is yet to come for steel companies. Commodities super cycle usually lasts more than months. I am buying more
I don't even know who WC is since I don't have Facebook. but if you sell a stock because someone else online is mentioning it, you are better off betting on horses. I haven't heard such retarded statement. Sell because someone else is talking about it? I can drop millions tomorrow on steel too I am sure you all here also pretty rich can drop millions too. In a bull market like this, 1 million is nothing hahaha have a great day!
Shanghai steel futures surged to a new record-high above 5,700 yuan a tonne buoyed by strong domestic demand as the peak constructions season starts.
Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills.
Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.
What are you talking about? In share market, you need at least 100 WC or even more to throw tickets to the same counter at same time may be it can affect the share price . So in this case how many tickets is WC holding ? If he holds more than 5% , he must informed KLSE before selling.
Off course WC can't manipulate the market. It may be just an indication that steel stocks have risen for some time and is overbought, at least for now. Isn't the market reflected it today? Why all you shareholders take it so hard?
wash down those contra player to get ready for another peak. Drop mainly due to MCO once pandemic is over demand will be resume. Without China cheap product is a good signal for local player
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
al8800
407 posts
Posted by al8800 > 2021-05-10 17:25 | Report Abuse
https://www.bloomberg.com/news/articles/2021-05-05/iea-says-governments-should-consider-stockpiling-battery-metals
Hyperdrive
IEA Says Governments Should Consider Stockpiling Battery Metals
By Mark Burton and Javier Blas
May 5, 2021, 12:00 PM GMT+7
.........................
Stockpiling programs could provide a valuable buffer as leading industrial nations look to develop reliable supplies of metals and minerals that will play a critical role in a decarbonizing world, the energy watchdog said in a report on Wednesday.
.........................
“Meeting our climate change goals will turbocharge demand for mineral resources,” Fatih Birol, the head of the IEA, said by phone. “Voluntary strategic stockpiling can in some cases help countries weather short-term supply disruptions.”
.....................
The agency has since broadened its remit, advising governments on energy policy and increasingly on climate change. Now the influential watchdog is urging governments to brace against new supply risks as the world becomes increasingly reliant on an array of critical minerals that are often only produced at scale in a handful of countries.