The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.
According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.