R/€ = 17.98 Change: -0.02
R/$ = 15.94 Change: -0.02
Au 1780.40 $/oz Change: -1.03
Pt 956.00 $/oz Change: 19.00


Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Copper settles down at last, a month after big squeeze

17th November 2021 A month after an unprecedented squeeze roiled the copper market, a short-term spread is back to normal levels as rising exchange inventories relieve the pressure on buyers. The spread between spot and three-month contracts on the London Metal Exchange eased to a $32.50-a-ton premium by Monday’s... 

Ecuador indigenous community welcomes judges to jungle, demands role in mining decisions

16th November 2021 Ecuador's constitutional court judges traveled to the heart of the Amazon to hear indigenous communities defend their right to oppose mining projects in their territories during a historic hearing in the jungle. "We want our feelings to be heard and reflected in a document that guarantees the... 

Coal CEOs say their fuel is far from being consigned to history

16th November 2021 Coal mining chief executives said the fuel they produce is far from being consigned to history, regardless of stricter global climate action agreed at the COP26 summit last week. Demand remains robust in Asia and has picked up in Europe and North America as well this winter, executives speaking... 

China doubles down on a slower coal exit after COP26 spat

16th November 2021 China extended its defense of coal’s future after diluting demands for action at the COP26 climate summit, insisting a transition away from the dirtiest fossil fuel must be gradual. “In many developing countries, not everyone has access to electricity and energy supply is not adequate,” Chinese... 

US coal prices surge to highest since '09 as demand booms

16th November 2021 US coal prices surged to the highest in more than 12 years as a global power crisis drives up demand for the dirtiest fossil fuel. Prices for coal from Central Appalachia climbed more than $10 last week to $89.75 a ton, according to figures released Monday from S&P Global Market Intelligence.... 

14Mt a day show why China and India won’t quit coal

15th November 2021 There’s a reason India and China defended coal’s future at the Glasgow climate summit: no nations have added more coal-fired power-plant capacity in the past decade than these two major emitters. China and India are currently mining a combined 14-million tons a day of the dirtiest fossil fuel.... 

UK's Johnson calls COP26 climate agreement ‘game changing’

15th November 2021 The agreement reached Saturday at global climate talks in Glasgow will be pivotal in the fight to stop global warming, UK Prime Minister Boris Johnson said. The conference hosted by the UK produced a “game-changing agreement that the world needed to see,” Johnson said at a press conference in... 

New COP26 draft calls for phase-out of coal and more money

12th November 2021 A new draft of the a climate pact being debated at COP26 talks in Glasgow on Friday slightly softens language on asking countries to make deeper emissions cuts. The latest draft, which was negotiated overnight now “requests” countries to come back with new 2030 plans by 2022, instead of being... 

Coal company sees first equity for renewables shift in Botswana

10th November 2021 Shumba Energy secured the first equity commitments to develop an $80 million solar project in Botswana as part of the coal company’s plan to shift to renewable energy. The company’s green energy unit, Shumba Renewables, received commitments of $950,000 from international investors, Shumba... 

Iron-ore gloom deepens as China property woes threaten demand

10th November 2021 Iron-ore sank to a fresh 18-month low as debt troubles in China’s real-estate market deal blow after blow to prospects for steel demand. The steelmaking material is suffering amid prolonged turbulence in China’s property sector that’s subduing construction activity. Fears over the real estate... 


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