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.

The company also raised its sales target for electric vehicles (EVs) to up to 40% of its total global sales by 2030.

Countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining.

Lygend plans to use 56% of the proceeds for the development and construction of nickel production projects on Indonesia's Obi Island.

Expectations of rising supplies after India's decision to scrap export taxes on low-grade iron ore also weighed on sentiment.

The US and the Philippines will open talks on a deal for the Asian nation to build nuclear power plants with American technology.

Prime Planet Energy & Solutions is searching for a new domestic manufacturing site with seaport and clean energy access.

The construction of one of the world’s largest wind farms in Egypt is set to start in 2024 and could provide electricity to Europe and Saudi Arabia.