After years of decline, demand for the polluting fossil fuel has surged this year as Europe scrambles to replace Russian gas, and coal miners are making money hand over fist.
Australia will set out a new national legal framework to protect Aboriginal cultural heritage, after a review of mining standards following Rio Tinto's destruction of sacred rock shelters for an iron ore mine.
Trafigura executive chairman Jeremy Weir told the FT Commodities Asia Summit on Wednesday that prices had previously been mainly driven by Chinese demand.
Use by auto makers would rise and investors would flip from net sellers to net buyers, pushing demand in 2023 up 19% to 7.77 million ounces, the Council said.