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Bloomberg

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

US 'won't have coal' by 2030, John Kerry predicts

9th November 2021 John Kerry, the US special envoy for climate, predicted the world’s biggest economy will stop burning coal by the end of the decade. “By 2030 in the United States, we won’t have coal,” Kerry said Tuesday during an interview with Bloomberg Editor-in-Chief John Micklethwait, at the COP26 climate... 

Copper trader Trafigura sees weak patch ahead

9th November 2021 Trafigura Group, the world’s largest copper trader and one of the most vocal bulls, expects Chinese copper demand to be weaker for the next few months -- potentially providing relief for the market after available exchange stocks fell to the lowest in decades. Trafigura’s chief economist Saad... 

Investors pushed mining giants to quit coal. Now it’s backfiring

9th November 2021 It was supposed to be a big win for climate activists: another of the world’s most powerful mining companies had caved to investor demands that it stop digging up coal. Instead, Anglo American’s strategy reversal has become a case study for unintended consequences. Its exit has transformed mines... 

White House-backed carbon tax in sight for Biden’s climate bill

8th November 2021 The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, US Senator Sheldon Whitehouse said Saturday. Under the initiative, the cost on carbon dioxide emissions would start at... 

Battery boom has Sherritt CEO betting on Cuban nickel expansion

8th November 2021 Sherritt International’s new boss sees the electric-vehicle revolution stretching all the way to Cuba, with the Canadian miner planning to boost output of battery-grade nickel and cobalt. In its first major move under CEO Leon Binedell, the Toronto-based company wants to increase production at... 

Vale cashes in on fertiliser boom with $1.3bn Mosaic stock sale

8th November 2021 One of the world’s biggest mining companies thinks it’s time to cash in on the global fertiliser boom. Brazilian iron-ore and nickel giant Vale sold more than 34-million shares in Mosaic Co. for $1.3-billion, unloading stock received from selling its fertiliser business to the US phosphate... 

A squeeze on lithium has top producer 'going as fast as we can'

5th November 2021 Albemarle, the world’s biggest lithium producer, is expanding as quickly as possible and evaluating new opportunities as buyers of the battery metal struggle to keep up with surging electric-vehicle demand. The company plans to start sales from a new plant in Chile early 2022 and from an... 

Small print gives Indonesia a way out in COP coal pledge

5th November 2021 Indonesia signed up to a pledge aimed at ending coal use at COP26. But a closer look at the terms shows it will be able to continue building coal plants at home. Signatories of the UK-led Global Coal to Clean Power Transition Statement had the option to sign four different clauses. The first two... 

GM’s battery bet shows off lithium-metal cell that tops rivals

4th November 2021 SES Holdings, a startup backed by General Motors (GM), is unveiling a lithium-metal battery big enough to power a car, a sign the newcomer is pulling ahead of rivals in its efforts to commercialize technology that could boost the range of electric vehicles. Singapore-based SES, which is going... 

Top-performing South African fund rides bet on energy stocks

4th November 2021 South Africa’s top-performing equity fund has reaped the benefit of a wager that battered stocks, particularly in the energy sector, would flourish as economies rebounded from the worst of the pandemic. Blue Quadrant Capital Management’s Worldwide Flexible Prescient Fund has returned 125% this... 

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