A 457-member group of investors, representing an estimated 37% of all global assets under management, joined a coalition of CEOs in demanding the world’s richest nations set more ambitious emissions cut targets.
The third-largest producer of refined tin issued a notice of force majeure after the Malaysian government did not grant the company’s appeal for status as an essential service during the country’s new covid-19 lockdown.
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have done better than others.
India is moving closer toward setting up spot contracts for gold, finalizing rules for trading and providing the world’s second-biggest consumer a firmer grasp over setting the price of bullion.
Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe and the US.