Page 97 - Min News Today

Copper prices rebounded on Wednesday on easing concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days.

India's electricity demand grew 2.2% in November, slower than the 4.1% increase in October, a Reuters analysis of government data showed, helping the energy-hungry nation tide over a crippling coal shortage that caused widespread power cuts.

Indonesia's Investment Minister Bahlil Lahadalia said on Wednesday he did not expect disruption in fourth quarter investment realisation, despite the country's constitutional court ordering amendments to a law aimed at cutting red tape.

Argentine state energy giant YPF expects robust profits in the fourth quarter of the year driven by rising gas production and crude output, the company's President Pablo González told Reuters on Wednesday.

About 7,000 miners will return to work at Bosnia's seven coal mines after securing a deal with the government and state-owned Elektroprivreda BiH (EPBiH) power utility on wages and pensions, officials said on Wednesday, bringing to an end a 9-day protest.

Copper mining giant Freeport-McMoRan Inc is converting its fleet of diesel trucks and other machinery to electric or hydrogen power, a transition required to fight climate change even though the costs are not yet known, Chief Executive Richard Adkerson said in an interview at the Reuters Next conference.

Chilean leftist presidential candidate Gabriel Boric, the front-runner in surveys ahead of a Dec. 19 run-off vote, talked up his plans for a state lithium firm on Wednesday and slammed the Andean country's "historic error" of privatizing its resources.

Please note the data in two alerts on Vietnam's November rice exports issued on Tuesday was already included in a story on Monday attached below.

German power grid operator TenneT and environmental group Deutsche Umwelthilfe (DUH) on Tuesday united to call for more clarity over new gas-to-power plant capacity, which TenneT said is needed to stabilise supply once coal-fired plants close.

China's coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.