China’s No.1 gold producer plans to boost the capacity of its Colombian gold mine to produce copper and zinc.

According to Fitch Ratings, the commodity price rally is pushing companies to rebalance their capital allocation towards decarbonization investments and growth.

New report argues rising mine supply, steep fall in demand from China’s property sector and shifting global consumption patterns away from goods to services will send copper prices skidding.

No other nations have added more coal-fired power-plant capacity in the past decade than the two countries.