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Gautam Adani published a 413-page rebuttal after allegations of fraud by short seller Hindenburg Research erased $51 billion of his flagship firm’s market value. Some 65 of the 88 questions posed by Hindenburg are based off Adani’s public disclosures and the conduct of the American short seller “is nothing short of a calculated securities fraud under applicable law,” Adani
Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages curtail supply. Yet companies remain hesitant to invest in new projects with financing difficult to come by and question marks over long-term demand. That’s a boon for miners’ bottom lines but goes against the grain of the typical commodity cycle, where high prices are a signal to increase production and eventually bring the market back into balance. The disruption to normal dynamics underscores how broader environmental goals are changing investment patterns for fossi...