China’s iron-ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world’s top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand, traders and analysts said. The...
KoBold Metals, a US company backed by Bill Gates, raised $537-million in equity funding to boost exploration of minerals critical to the energy transition. The funding round valued KoBold at $2.96-billion, the company said in a statement. It was led by new investor...
Finance and Customs officials have declared intentions to begin levying customs duties on coal imports. Ethiopia imports hundreds of millions of dollars’ worth of coal each year, with most of it being shipped in by cement plants, who require the fossil fuel to keep...
Ratings agency Ind-Ra projects healthy plant load factors for thermal power plants, alongside a significant uptick in renewable capacity additions estimated at 30 GW over the next two years. India, which has around 211 gigawatts (GW) of coal-based power capacity, will...
