Resource nationalism surge spells rough times for miners; Rio Tinto, Mongolia reach new Oyu Tolgoi expansion plan deal; Copper price crashes through $4.00, down 7%.
Poland's state-run mining company plans to sell its Robinson and Carlota copper mines in the United States and reinvest the proceeds in its domestic operations.
As world economies shift to more electrification and away from fossil fuels to reach net-zero carbon emissions by 2050, expect more copper mining and interest in metals like cobalt and nickel.