Last summer, the Russian government approved an energy strategy that could see its coal output increase by up to 50% by 2035.

The number of electric cars on the world’s roads now more than 10 million, and set for significant growth over the coming decade, IEA reports.

Economies reopening coupled with massive stimulus, faster-than-expected vaccine rollouts, and supportive fundamentals all point to even higher prices, said ING Bank.

Company said that its total proved and probable ore reserves had risen by 71% to 104 million ounces of gold at the end of 2020.

The expansion will help boost mill throughput to 1.8 million tonnes annually in the Boliden area of Sweden.

Funds will enable the rubies and sapphires miner to accelerate growth plans by starting exploration in other license areas.