The International Energy Agency (IEA) has warned that demand for copper is set to outstrip supply by 30% within the next decade, with security of supply further threatened by China’s growing dominance of the refining market. Global demand for copper is expected to grow by around a quarter by 2040, driven largely by electrification of…| Global Trade Review (GTR)
The European Commission has approved a French export credit scheme that will temporarily boost reinsurance for beverage exports to the US, allowing firms to ship inventory before hefty tariffs come into effect. From May 8 to July 8, French companies exporting wine and spirits to US buyers will be granted access to a pre-existing €5bn…| Global Trade Review (GTR)
Soaring demand for critical minerals could prove transformative for commodity-exporting nations, but action is needed to plug a US$225bn mining investment gap, improve access to finance and overcome sustainability concerns, international bodies warn. The transition to renewable energy is causing “surging” demand for certain metals. Lithium demand is projected to increase by more than 1,500% ...| Global Trade Review (GTR)
The UK has joined a growing list of countries using their export credit agencies (ECAs) to gain an advantage in the global tussle over the supply of critical minerals. UK chancellor Rachel Reeves announced on October 30 that companies supplying critical minerals to UK exporters will be eligible to apply for a special credit guarantee ...| Global Trade Review (GTR)
Western nations have agreed to collaborate on expanding export credit agency (ECA) backing and development finance for critical minerals, following concerns over lagging investment in long-term supply and over-reliance on China. The Minerals Security Partnership, a coalition of 14 countries including all G7 states, Australia, India and South Korea as well as the European Union, ...| Global Trade Review (GTR)
