Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant.
The world’s largest shipper of thermal coal had said it intended to spin the business off within two years of closing a deal to buy Teck Resources' steelmaking coal assets.
The biggest producers all want to increase copper output to take advantage of rising demand for electric vehicles, grid infrastructure and data centers.
