Mining firms’ cautious spending threatens shift to green energy
Premium
4 min read . Updated: 19 Jun 2022, 06:32 PM IST - Rio Tinto, BHP and other big miners are giving priority to investor payouts instead of funding for new projects
Metals prices are up, but mining companies aren’t spending. Their restraint could keep supplies tight and magnify shortages of raw materials such as copper and zinc that are critical for the transition away from fossil fuels.