Physical coal prices in China surge on nationwide shortage
Beijing is urging domestic mines to ramp up production even as it tries to strike a balance between energy security and its carbon neutral goals.
Latest Stories
Freeport Indonesia breaks ground on $3 billion copper smelter
The facility in Indonesia will have capacity of 1.7 million tonnes of copper concentrate and is expected to start operations in late 2023 or early 2024.
Ivanhoe’s DRC copper mine to double production ahead of schedule
Kamoa-Kakula Phase 2’s concentrator plant, which will double copper output, to start operations a quarter earlier.
Barrick CEO, PNG Prime Minister to meet on potential fast-track of Porgera restart
Bristow hopes to speed up negotiations for the reopening of Papua New Guinea's vast open pit and underground gold mine.
Scientists propose using CO2 to create Martian fuel
An updated chemical process could cheaply bring astronauts back from Mars and help mitigate climate change.
Newcrest sees drop in costs, higher copper output
Newcrest expects to produce around 2 million ounces of gold a year until at least 2030.
Zijin’s lithium foray adds to China’s push for battery materials
Zijin shares jumped as much as 8.8% in Hong Kong on Monday, and are up 17% this year.
In a world fighting climate change, fossil fuels take revenge
The cost of coal has surged above $200 a tonne, surpassing the 2008 peak during the last commodity boom, and natural gas in Europe and Asia is at an all time high.
Lithium deal shows China’s accelerating race for battery metals
Lithium has gotten so hot that even China’s gold miners want a slice of the market, sky high valuations and all.