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Search resuls for: "Mufulira"


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Soaring copper prices show no signs of slowing down, analysts say, with the red metal's rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session. Copper briefly hit a high of $4.334 in intraday trading on Tuesday, reflecting its highest level since the middle of January last year. Three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton. Wall Street banks are bullish on the outlook for copper prices through to the end of the year.
Organizations: Mopani Copper Mines, London Metal Exchange, Citi Locations: Mufulira, Zambia, New York,
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. KoBold Metals, a mining startup backed by billionaires including Bill Gates and Jeff Bezos, is bullish on the discovery potential of some of the most sought-after energy transition metals. It comes shortly after the Silicon Valley-based metals exploration company announced the rare discovery of a vast copper deposit in Zambia. The point of the company is to discover, find and develop mineral resources that we need for the energy transition," Goldman said via videoconference. KoBold Metals says it uses artificial intelligence to create a "treasure map" to help find new deposits of materials such as copper, lithium, cobalt and nickel.
Persons: Bill Gates, Jeff Bezos, Josh Goldman, Goldman Organizations: Mopani Copper Mines, KoBold Metals, CNBC, KoBold Locations: Mufulira, Zambia, videoconference
Praveen Asthana , 58, a co-founder of Accelsius, a startup specializing in liquid cooling technology for data centers, who lives in Austin, Texas, on his 1979 Mercedes-Benz 300 SD Turbo Diesel, as told to A.J. My father was a teacher from India, and he moved to Africa when I was a year old. I grew up in Zambia, in a town called Mufulira. All the businessmen and politicians drove Mercedes-Benz cars, and most others drove more affordable cars like the mustard-yellow Toyota Corolla my father drove. Mercedes was the only fancy car you could buy.
Persons: Praveen Asthana, A.J, Mercedes Organizations: Benz, Turbo Diesel, Mercedes, Toyota, Porsche Locations: Austin , Texas, India, Africa, Zambia
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