R/€ = 17.99 Change: -0.02
R/$ = 15.98 Change: -0.06
Au 1777.78 $/oz Change: -3.65
Pt 953.65 $/oz Change: 16.65


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

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... 

China’s rare-earth prices spike as power crisis impacts supplies

29th October 2021 Rare-earth prices are spiking in China, with the grades used to make permanent magnets surging to their highest level in over a decade amid supply tightness. Prices of praseodymium-neodymium oxide, or NdPr -- two of the 17 rare earth elements that are used in NdFeB magnets -- spiked to 735 000... 

Vale earnings disappoint with rising costs adding to iron rout

29th October 2021 Vale reported lower-than-expected earnings as the world’s No. 2 iron-ore producer grappled with a pullback in prices of the steelmaking ingredient at a time of rising energy and transport costs. Adjusted earnings before items came in at $6.94-billion in the third quarter, the Rio de... 

Biden's economic plan cuts US emissions by more than a gigaton

29th October 2021 As President Joe Biden’s Build Back Better plan wobbled toward a vote, it lost provision after provision in compromises meant to satisfy Democratic factions. Still, the White House says that the framework released Thursday morning would cut US emissions by more than a gigaton. “One gigaton and... 

US coal miners are 'sold out' for 2022

29th October 2021 Almost every lump of coal that US miners will dig out of the ground next year has already been sold, as surging natural gas prices prompt utilities to burn more of the dirtiest fossil fuel. Peabody Energy, the top American supplier, has contracts for more than 90% of its coal from the Powder... 

UK sees no deal coming to eliminate coal at UN climate summit

28th October 2021 The United Nations climate talks haven’t even started and host-nation UK is already conceding that a key goal – a deal to end coal burning – is off the table. “It will be hard to consign coal to history at Glasgow,” Barbara Woodward, the UK’s ambassador to the UN, said in an interview Wednesday,... 

EVs have lithium booming — and this time, there is not bust in sight

28th October 2021 Lithium is hot—again—though this time the rally looks to have more staying power. The market has exploded, with a benchmark index more than doubling in 2021 and key prices in China hitting records. Driving the frenzy is the silvery metal’s allure as a commodity of the future: It’s one of the key... 

China agrees plan to cap key coal price to ease energy crisis

27th October 2021 China plans to limit the price miners sell thermal coal for as it seeks to ease a power crunch that’s prompted electricity rationing and even caused a blackout in a major city last month. Beijing aims to cap the price of its most-popular 5 500-NAR grade coal at 440 yuan ($69) a ton at the... 

Coal piles drop to 24-year low at US utilities on demand surge

27th October 2021 Coal stockpiles at US power plants plunged to the lowest in at least 24 years as electricity generators burn the fuel faster than miners can dig it out of the ground. Inventories fell to 84.3-million tons in August, according to government data released Tuesday. That’s the lowest in records... 

Fossil-fuel divestment supported by investors with $39tr

26th October 2021 About 1 500 investment institutions overseeing a combined $39.2-trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from $52-billion across 181 institutions in 2014, the first year the group tallied such... 


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