China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps.
A proposed pipeline of coal mine projects in Australia, the world’s second-biggest exporter of the fuel, are threatening to lock in decades of new carbon emissions.
Key among those challenges as the world’s largest oil producer seeks to unlock an estimated $1.3 trillion in mineral wealth are logistics and water supplies.
Russian imports, which remain exempt from US sanctions, are flowing into the country unrestricted when allies like Australia continue to face restrictions.