RE:Blackrock says buy metals stocks if you care about climateLike usual no link but just a snippet.
Investing multi billions up front where you don't recoop your capital costs and eek out a profit in years doesn't sit well for caplital allocators. Can you imagine the disdain for low grade deposits that will take even longer to recoop capital costs? The narrative was that nearby Glencore would provide the infrastructure that currently exists. What happened to that narrative? LOL
https://www.ft.com/content/12b3a717-8d54-4542-8d5e-8124568f6974
Blackrock:
Executives in the sector increasingly grumble that the cost of capital is too high for them to develop projects at a time when commodity prices have dropped off their highs and costs have surged. Mining companies are often excluded from environmental, social and governance investment frameworks... EndZonefor7 wrote: BlackRock is also calling on metals companies to invest in decarbonization. “People pay premiums for companies that are lower carbon producers,” said Olivia Markham, who manages BlackRock’s mining investments together with Hambro. “If you look at the US steel industry, which is a much lower carbon intensity versus say the European steel industry, there’s a higher premium that is paid for that,” she said.