R/€ = 17.91 Change: 0.05
R/$ = 15.86 Change: 0.06
Au 1782.65 $/oz Change: 1.22
Pt 949.61 $/oz Change: 12.61


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

Biden’s carbon-capture plan hands lifeline to coal plants

3rd November 2021 Coal-fired power plants would be eligible for billions of dollars in extra tax breaks under President Joe Biden’s economic legislation if they install carbon-capture systems, an incentive that environmental groups say may delay the retirement of dozens of facilities. Power plants that capture... 

Africa’s crackdown on informal gold miners spreads to Mali

2nd November 2021 Mali is getting closer to bringing in new rules to better control artisanal gold mining and overtake South Africa as the continent’s second-biggest producer. The country has struggled to keep tabs on informal output that’s sold on the black market or smuggled out, and gold is also being illegally... 

Rio CEO says zero emissions path might not be clear until 2030

2nd November 2021 The CEO of Rio Tinto Group, the world’s biggest iron-ore miner, said it might take until the end of this decade before the company has a clear view on how it will become fully carbon neutral. Rio Tinto’s Jakob Stausholm last month laid out plans to spend $7.5-billion to decarbonise its assets... 

BHP's plan to exit thermal coal is in doubt

2nd November 2021 BHP Group’s exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel, according to people familiar with the matter. The company has been planning its thermal coal exit for at least two years --... 

Mosaic sees massive price surge continuing

2nd November 2021 Mosaic, the world’s largest phosphate producer, expects the fertiliser price surge will continue. The company “expects upward pricing momentum to continue” as 90% of fourth quarter sales are committed and priced, with some customers requesting commitments as far forward as second quarter of... 

Iron-ore tumbles as world’s biggest steel producer cuts output

2nd November 2021 Iron-ore futures extended losses below $100/t on expectations China’s steel output dropped last month. Prices in Singapore tumbled for a fifth day as the world’s top steelmaker ramped up efforts to cap annual volumes. That’s seen iron-ore inventories at China’s ports expand to the highest since... 

UN climate summit starts under cloud after G-20 dodges hard questions

1st November 2021 Climate negotiators at the COP26 summit were banking on the world’s most powerful leaders to give them a boost before they embark on two weeks of fraught discussions over who should do what to slow the rise in global temperatures. In the broadest sense, they got what they needed — any consensus... 

Lab-grown diamonds are latest victims of China’s power crisis

1st November 2021 The lab-grown diamond industry is the latest sector to feel the effects of China’s energy crisis -- and if the situation gets worse, consumers may find that special Christmas gift is suddenly a lot more expensive. Output of jewelry-grade gems has dropped by about 10% to 15% for the past month or... 

Chile copper output sinks to seven-month low

29th October 2021 Chile just registered its worst month for copper production since February as the world’s biggest supplier of the metal was hit with labour disruptions and poor quality ore. September’s output was down 6.9% from a year earlier and 3.4% from August, according to data released Friday by the... 

G-20 leaders plan to stop funding offshore coal, draft statement says

29th October 2021 Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives that are crucial to keeping global temperatures in check, according to a draft statement for this weekend’s summit. The 11-page document... 


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