Global total and refined copper consumption will grow at a compound annual growth rate of 2.4% and 2.2%, respectively, between 2022 and 2032, according to Wood Mackenzie projections. This in turn puts increasing pressure on producers to begin development of the next stage of projects. Wood Mackenzie believes
The world’s largest oil importers in 2022 were China, United States, India, South Korea and Japan. While Chinese oil imports grew at a year-on-year rate of 42%, to $365,512 million, the corresponding imports from the United States rose 48%, to $204,716 million. According to the World Trade Organization
China dominated lithium-ion battery exports in 2022, reaching a 50.9% share of total external sales of these products on a global scale. Just in 2018, Chinese exports of lithium-ion batteries were $10.822 billion. But in 2022, the amount increased to $50,919 million, a year-on-year increase of 79 percent.
Mexico set a record in its imports of Chinese auto parts in 2022, with a total of 3.837 billion dollars. According to data from the World Trade Organization (WTO), Mexico was the third largest importer of auto parts in the world in that same year, with 29.472 billion
A major development in the liner shipping industry occurred in early 2023, when MSC and Maersk announced the end of the 2M alliance, which would come into effect in early 2025. According to a report by the United Nations Conference on Trade and Development (UNCTAD), major shipping operators
The Brazilian government promotes biodiesel production and its use as a sustainable energy source through the National Biodiesel Production and Use Program. Biodiesel production in Brazil reached 6.3 million cubic meters in 2022, a decrease of 7.6% compared to production in 2021. In addition, as the world’s largest