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NEW YORK: Investors in metals and mineral extraction are poised to see their fortunes grow as the race to cut carbon emissions requires massive investment in commodities other than oil and gas. As world economies shift to more electrification and away from fossil fuels to reach net-zero carbon emissions by 2050, expect more copper mining and interest in metals like cobalt and nickel crucial to battery production, CEOs and global politicians said at this week's all-virtual CERAWeek energy conference. The World Bank has estimated that the energy transition will require over 3 billion tons of minerals and metals. Demand for minerals including graphite, lithium and cobalt could increase by nearly 500% by 2050, to meet the growing need to deploy wind, solar and geothermal power as well as energy storage, according to a World Bank Group report last year. Metals such as nickel and cobalt are vital in the battery sector, executives said. Copper demand will surge from makers … [Read more...] about CERAWEEK-Rock and heavy metal: winners emerge in energy transition

Rats, and other members of the rodent family, have a lousy reputation. They crop up regularly in our everyday language to describe bleak situations and sentiments (Rats!, caught in a rat race, someone with rat-like features — you get the drift). Much-maligned, they're often associated with the plague — somewhat apposite given our current predicament. They seem to be omnipresent in the best of times, but now, they're having a, er, field day. The Boomtown Rats They're certainly more visible than in pre-pandemic times, but nothing to panic about — yet In London and other major cities across the UK, rat sightings have soared during the pandemic. The British Pest Control Association (BPCA), which represents 700 vermin catchers across the country, said its members reported a 51% hike in rodent activity during the first lockdown last spring, and a 78% increase in November after the next lockdown. Typically, rats avoid humans and make drains and sewers their homes. However, as … [Read more...] about UK COVID-19 lockdown provides boom towns for rats