Fertilizer prices have soared to all-time highs as Russia’s invasion of Ukraine and sanctions on Belarus threw a massive chunk of the world’s supplies into disarray.
Many of Korea Zinc’s renewable projects are in mining-heavy Australia, where billionaire resources magnate Andrew Forrest is planning a factory for making hydrogen-producing electrolyzers.
Even as consumption growth for other commodities like grain probably will trail off in the next 30 years, metals will remain in high demand, the bank said.
Konkola Copper Mines was placed under provisional liquidation after the previous Zambian government accused parent company Vedanta of lying about expansion plans and paying too little tax.