Coal and lithium drive Australian stocks’ outperformance in 2022
The country’s behemoth iron ore miners ended the year on a high as China’s abrupt Covid Zero reversal and a steady stream of supportive policies raised the outlook for demand.
A cyberattack halted 2.5 million barrels per day of shipments of gasoline, diesel and jet fuel last Friday after the most disruptive cyberattack ever on US energy infrastructure.
Wood Mackenzie says miners need to spend that amount in the next next 15 years to help supply enough metals needed for the shift to a low carbon world.