Banks, investors pumped $52B into met coal between 2022 and 2024: report
Banks lent $22B despite climate pledges, while investors still hold $30B in related securities.
Latest Stories
Rewind launches world’s first deep mine carbon vault
By 2030, Rewind plans to remove 1M tonnes of carbon yearly via deep mines, marine basins and anoxic sites.
Gold price bounces back above $4,000
Gold clawed back some losses after plunging below $4,000 on Monday as progress in US-China trade talks sapped demand for haven assets.
Rare earth producers look to US-led boom to blunt China’s power
By using the long-threatened critical mineral weapon once again in advance of this week’s talks, China has undoubtedly encouraged production outside its borders.
First deadly mine explosion in Australia since 2015 kills two
The incident occurred at Polymetals Resources' Endeavor silver-zinc mine located 40 km north of Cobar.
Almonty buys US tungsten project in bid to resume local supply
The company is acquiring the Gentung-Browns Lake project, which was formerly operated by Union Carbide Corp.
Rio Tinto flags uncertain future at Australia’s largest aluminum smelter
The smelter has been struggling with high power prices.
Chinese firms drive aluminum expansion in Indonesia, raise surplus fears
Primary production of aluminum, also used in construction and packaging, is estimated to exceed 72 million tonnes this year.
JPMorgan’s grip on London gold vaults challenged by rival banks
Citi is well advanced in the process of setting up a business that would allow it to become a clearing member of the London gold market.