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Record metals boom may threaten transition to green energy – The Guardian

Demand and prices are soaring for minerals essential to the construction of low-carbon infrastructure

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The commodities boom ignited by Chinas post-Covid recovery, and stoked by the global move to green energy, broke price records last week even as fears about inflation stalked the markets. But it also risks triggering a rush on metals and minerals that could derail climate action.
Iron ore reached the apex of a super-rally that drove prices to $237.57 a tonne in New York on Wednesday. The record followed a surge in demand from Chinas steel-making regions, now recovering after the pandemic, which…

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