Foreign satellites were launched to monitor the operation status of copper plants, covering 90% of the world's copper plants

Geospatial intelligence firm Earth-i, in partnership with British commodity brokerage Marex Spectron and the European Space Agency, will launch a satellite-based service next week to monitor the latest operational status
of up to 90 percent of the world's copper smelters.

The SAVANT Global Copper Smelting Index aims to fill a gap in the current copper supply data, which currently comes from multiple sources and often lacks detailed information or formats that are incompatible
.

The new service combines satellite imagery with artificial intelligence and machine learning to generate its data
.
SAVANT alerts subscribers before the smelter's announcement, which could be delayed by many days
even if listed companies are required to report shutdowns and increases.
Private companies are not obligated to provide smelter activity to the market, but SAVANT's services allow users to obtain information
in the fastest possible time.

Earth-i said the index, which was trialled over the past year by copper producers, commodity traders and industry analysts, will make daily, weekly or monthly data options available to the public
.

Depending on the level of detailed data and the frequency of selection, the basic product costs between
$10,000 and $250,000 per year.

Paid subscribers will get daily updated details and insights
down to the individual smelter level.
In addition, Earth-i will publish a free monthly global index
.

Guy Wolf, Head of Global Market Analysis at Marex Spectron, said in the statement: "The timeliness of data is critical, which marks a significant improvement
in existing resources and objective processes.
”

SAVANT promises to provide unique insights not only to copper producers, traders and investors, but also to analysts and economists who see the properties of metals used in construction, communications and manufacturing as strong indicators
of broad economic activity.