Portugal’s mining technique may boost copper production, challenging lithium’s dominance

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Key Takeaways:

  • 🌍 Africa’s banking systems at risk of collapse from nature loss affecting agriculture and forestry sectors
  • 💰 Agriculture, mining, and food sectors in Africa face intense challenges from biodiversity loss
  • 🌾 Ghana’s farming firms and Zambia’s mining firms could suffer significant earnings drops in the next 25 years
  • 📈 Expected credit losses in Africa could increase by up to 21% by 2050 without nature-friendly actions
  • 🏞️ Zambia’s central bank promoting fewer loans to mining companies and more to eco-friendly activities
  • 🇪🇺 Europe seeks to set mineral prices independently from China for the energy transition
  • 📊 EIT RawMaterials acquires Rho Motion to become a leading source of market data for the electric vehicle supply chain
  • ☀️ Rio Tinto to develop a 80MW solar farm in Western Australia to reduce emissions and energy usage
  • 🔗 Standard Mineral Intelligence acquires Rho Motion in a deal to strengthen their data offerings
  • ⛏️ China’s Ganfeng and subsidiaries file arbitration case against Mexico over lithium mining concession
  • 💵 Wells Fargo predicts a slower decline in the U.S. dollar through 2025
  • 📉 Anticipated reasons for this slower decline include a potential slowdown in U.S. economic growth and prolonged monetary policy easing by the Federal Reserve
  • 🌍 Currencies like the yen and Australian dollar may outperform the U.S. dollar in the next year if global financial conditions remain favorable
  • 📊 Emerging market currencies could also benefit from this environment, being more sensitive to risk perceptions
  • 🗳️ Political and policy developments, such as U.S. elections, could impact the strength of the dollar
  • 💼 Wells Fargo’s currency forecast is important for investors and policymakers, influencing international trade and investment flows
  • 🔄 Despite expecting a moderate depreciation, Wells Fargo has adjusted its outlook to reflect a slower pace of U.S. dollar decline

African Economies and Environmental Impact

Africa’s economies, particularly in the agriculture and forestry sectors, are facing a looming risk of collapse due to nature loss. Ghana and Zambia, significant players in farming and mining respectively, are projected to experience significant drops in earnings over the next 25 years if biodiversity loss continues unchecked. To combat this, Zambia’s central bank is directing funds towards eco-friendly activities rather than traditional mining operations.

Global Economic Shifts

In the realm of global economics, Europe is looking to set mineral prices independently from China to support the energy transition. Companies like Rio Tinto are taking steps to reduce emissions and energy usage by investing in renewable energy sources like solar power. On the financial front, Wells Fargo predicts a slower decline in the U.S. dollar through 2025, attributing this adjustment to potential economic growth slowdowns and monetary policy easing by the Federal Reserve. This shift could see currencies like the yen and Australian dollar outperforming the U.S. dollar in the near future, impacting international trade flows. Political and policy developments, such as U.S. elections, also play a significant role in influencing the strength of the dollar. Wells Fargo’s currency forecast holds weight in guiding investment decisions and shaping global financial landscapes.

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