Mining supercycle talk back as copper, iron ore prices surge to 7-year highs
Goldman Sachs predicts "structural bull market" for commodities similar to 2000s as rising demand, green energy investment combine with chronic undersupply.
Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.
Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.
According to the University of Oxford’s Smith School of Enterprise and the Environment, Japan’s plants are set to become stranded assets as a result of overcapacity and cheaper power sources, such as renewables.