The copper market is widely watched and closely studied by analysts and researchers as an indicator of a good economy since the metal is widely used in many ways from construction to manufacturing. To watch over these irregularities of going off and on of copper smelters resulting in a surge in prices, Britain-based Earth-i which uses geo-spatial intelligence in collaboration with Marex Spectron and the European Space Agency is set to launch a ground-breaking product, the SAVANT Global Copper Smelting Index. The dataset will provide key operational status reports of the world's copper plants to subscribers. Most of the surveys on copper miners and smelters are released every month.
Earth-i Chief Technology Officer John Linwood said: "Historically when you look at smelters, the challenge has been getting up-to-date information." Over the last year, the company has been testing SAVANT and conducting trials with financers, traders and managers and also detected a major closedown in Chile, the world's biggest copper-producing country. “SAVANT delivers unique insights, not just to copper producers, traders, and investors, but also to analysts and economists who use metals performance as strong indicators of wider economic activity," says Wolf, Global Head of Market Analytics at Marex Spectron.
Earth-i uses twenty high-resolution satellites along with Artificial Intelligence and Machine Le ..
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