The Pirdop plant is receiving a total 400 million euros of investment.

The proposal comprises an all-share offer for Anglo American by BHP.

Takeover would represent the first mega deal among the world’s biggest diversified miners in over a decade. 

The sharp growth in gas supply and the drop in prices could lead to a rapid conversion from coal to gas, the bank said.

Vitol, Gunvor and Mercuria Energy are among the traders building out their metals teams, as they look to deploy capital generated by record profits.

Alliance partners are working on putting forward a response to tackle the price manipulation of critical metals.

By 2050, the World Bank forecasts that demand for the metals and minerals used to produce the clean energy technologies will increase by almost 500%.

New measures designed to undercut the economic rationale for withdrawing Russian metal already on the LME and selling it back on the exchange under a less-desirable category.