An influential alliance including several European countries and Pacific island states backed the global phaseout of fossil fuels, potentially pitting them against China in what is set to be a central debate at this year’s COP28 climate summit.
Chinese demand for Australian iron ore will remain strong despite the nation’s disappointing post-pandemic recovery, according to Fortescue Metals Group Ltd., the world’s fourth-biggest producer.
Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains.
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