SMM Weekly Price Outlook for Base Metals on LME and SHFE (Jul. 3-7, 2017)

Chile, Argentina, Bolivia and Peru signed a joint declaration on strategic minerals on August 28, seeking to strengthen regional cooperation in critical mineral resources including lithium and copper. The four countries plan to promote cooperation in mineral development and investment and seek technical and financial support from multilateral institutions. The initiative also aims to encourage collaboration between the public and private sectors in research, innovation and capacity building. With the four countries collectively holding significant global copper and lithium resources, the initiative is aimed at strengthening South America’s position in global energy-transition mineral supply chains and enhancing the region’s attractiveness as a long-term supplier of critical minerals.