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No Way Norway (or Australia)!

Copper Weekly Brief — Week Ending 29 May 2026

  Copper ended the week at historically elevated levels, with pricing still shaped more by tariff expectations, geopolitical tension and tight physical availability than by any single clean supply-demand signal.…

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Glencore Australia: Long-Term Copper Leadership, Regional Investment and Processing Strength

    As a long-term member of the International Copper Association Australia, Glencore Australia holds an important place in the nation’s copper value chain and broader resources sector. Across Queensland,…

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Copper Weekly Brief — Week Ending 22 May 2026

Copper ended the week elevated but below its mid-May peak, with the market correcting from the earlier spike above US$14,000/t before stabilising in the low-to-mid US$13,000s/t range. Trading Economics shows…

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Sandfire Resources – A great Australian copper story

    Sandfire Resources is a powerful example of how Australian copper producers are stepping up to meet the challenges of decarbonisation, supply security, and innovation – and how collaboration…

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February 10, 2021 · General, John’s Blog

The U.S. Super Bowl is as famous for its ads as its football. This year was no different except for the number of ads by big auto companies for electric cars.
 
My favourite was GM’s “No Way Norway” featuring Will Ferrell and the new GMC Hummer electric vehicle. It was funny, but Australia may not be laughing for much longer.
 
GM just announced it will stop making gasoline & diesel cars by 2035 at the same time as President Biden said he’d turn the federal government’s fleet of cars all electric too—that’s roughly 650K of them at a cost of over $2B.
 
No such vision from our federal government unfortunately, though they called it that. Rather belatedly Energy Minister Angus Taylor and other Ministers just launched the “Future Fuels Strategy” discussion paper, asking for feedback. 
 
It’s been called the “do nothing document” by the Electric Vehicle Council (of which I’m a member). Mostly because it doesn’t include policies to make it more affordable to buy EVs or a phase-out date for the sale of new fossil fuel cars. 
 
This seems like foot dragging. 23 other countries have now promised to ban petrol and diesel cars in favour of EVs within 10 to 15 years, and even Britain’s Conservative government plans to spend over $1B in subsidies for EV buyers and charging stations in an effort to phase out fossil fuel cars by 2030.
 
Of course the country’s private sector is already ignoring the go slow by the Australian Government and charging ahead. For example local companies JET Charge and Chargefox have now installed 6000 EV charging stations across Australia, with their CEO seeing shopping centres with their huge roofs for solar & cheap electricity as future charging destinations.
 
The Government’s “Future Fuels Strategy” was promised for 2019 and a final policy won’t be out till next year some time. Still you can tell them what you think through the Consultation hub open until Friday 2 April 2021. I certainly will be. 
 
Cheers
John Fennell

Featured

Copper Weekly Brief — Week Ending 29 May 2026

  Copper ended the week at historically elevated levels, with pricing still shaped more by tariff expectations, geopolitical tension and…

Read More

Glencore Australia: Long-Term Copper Leadership, Regional Investment and Processing Strength

    As a long-term member of the International Copper Association Australia, Glencore Australia holds an important place in the…

Read More

Copper Weekly Brief — Week Ending 22 May 2026

Copper ended the week elevated but below its mid-May peak, with the market correcting from the earlier spike above US$14,000/t…

Read More

Sandfire Resources – A great Australian copper story

    Sandfire Resources is a powerful example of how Australian copper producers are stepping up to meet the challenges…

Read More

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