FuckBigNewsMedia on Nostr: Mining companies have been investing less in new projects and more on paying off ...

Mining companies have been investing less in new projects and more on paying off debts since 2013 due to the economic slowdown in China. However, decarbonizing the global economy will require significant amounts of metals such as lithium, nickel, steel, and iron ore, which are also needed for various other applications. The text highlights that investment levels have been low compared to previous years, but there is a growing demand for these materials due to their importance in decarbonization efforts.

Read this story from "The Economist" for free without being tracked.

https://read.distractionfree.site/economist/business/2024/02/18/why-the-worlds-mining-companies-are-so-stingy

#miningindustryinvestments #metaldemandfordecarbonization