Only 11 out of 46 metal and mining companies analyzed by Bloomberg Intelligence have carbon-reduction targets that match levels needed for the UN goal.
Macro headwinds in the form of slowing growth impetus in China and the spread of the Delta variant of covid-19 are currently outweighing copper’s micro-dynamics.
According to stakeholder intelligence firm Alva, labour relations contributed <1% material impact last quarter but it fell to -11% in Q2, as industrial action increases across the mining sector.