GLASGOW (Reuters) - For pioneering climate economist Nicholas Stern, the computer revolution of recent decades holds useful lessons about how the falling cost of green technology can be a game-changer, and why economists still struggle to measure and model its implications.To explain the economic stakes involved in ridding the global economy of carbon, the author of the landmark "Stern Review" dra...Read More

(Reuters) - Helion Energy, a fusion energy tech startup, on Friday said it raised $500 million to build a net positive electrical generator, one that creates more power than it uses.The latest round values the company at $3 billion. Helion said $1.7 billion in follow on investments were committed if it can prove its technology works, which would be a major step toward making fusion technology a pr...Read More

Nov 5 (Reuters) - Clean energy company Helion said on Friday it had raised $500 million in a funding round led by entrepreneur and veteran investor Sam Altman. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy...Read More

LONDON, Nov 5 (Reuters) - The Bank of England said on Friday it would introduce new rules for its 20 billion-pound ($26.9 billion) Corporate Bond Purchase Scheme which would seek to favour companies which are doing more to reduce their impact on the climate."Firms will now also need to satisfy climate-related eligibility criteria for their bonds to be purchased by the CBPS, with purchases of eligi...Read More

Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More

(Reuters) - Shares of Emergent BioSolutions Inc tumbled 15% on Friday, following the termination of a U.S. government contract to reserve capacity and expand manufacturing of third-party COVID-19 vaccines at its sites.The contract manufacturer has come under regulatory fire after an accidental mix-up of ingredients ruined about 15 million doses of Johnson & Johnson's COVID-19 vaccine and prompted...Read More

TOKYO, Nov 5 (Reuters) - Japan's economy likely contracted in the third quarter as curbs to contain COVID-19 infections and supply constraints hit consumption and output, a Reuters poll showed, underscoring the slow pace of recovery from the pandemic's damage.While analysts expect growth to rebound in the current quarter, the weak data would reinforce expectations Japan will lag other countries in...Read More

Let’s face it, the metals are nothaving an easy time breaking out. Short-term rallies end up going nowhere andbearish signs are still in abundance.Yesterday’s session was once again quiteinformative, and so is today’s pre-market trading. In yesterday’s analysis, Iemphasized the importance of the relative weakness that we just saw in miningstocks, so let’s start with t...Read More

BEIJING, Nov 5 (Reuters) - China's export growth likely moderated slightly in October but remained strong due to robust global demand, easing global supply chain disruptions and a mitigating power crunch, while imports surged on energy demand, a Reuters poll showed on Friday.Exports are expected to have risen 24.5% in October from a year earlier, according to the median forecast of 22 economists i...Read More

SINGAPORE, Nov 5 (Reuters) - Last time the Federal Reserve moved toward reducing bond buying, it triggered a rush of funds out of emerging markets. This time is different, investors say, as they lay bets on sparkling returns extending in some of Asia's biggest developing economies.Indonesia, in particular, has stood out with equity inflows, a steady currency and even its notoriously volatile bond...Read More

With the OPEC+ meeting on Thursday,oil looks to be in a corrective phase, as pressure is on for more crude. Are welooking at bearish winds ahead?Crude oil prices have started theircorrective wave, as we are approaching the monthly OPEC+ group meeting onThursday, with some market participants now considering the eventuality of alarger-than-expected rise in production. U.S. API Weekly Crude Oil Stoc...Read More

Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More

BEIRUT (Reuters) - At Oriental Paper Products, a stationery factory outside Beirut, machinery sits idle and shifts have been reduced. The firm was already struggling amid Lebanon's financial crisis; a full-blown diplomatic row here with Saudi Arabia has made matters worse.Last week Riyadh extended a blockade on some goods from Lebanon to a blanket ban here, in response to criticism by a Lebanes...Read More

WASHINGTON, Nov 5 (Reuters) - U.S. job growth likely accelerated in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.But the Labor Department's closely watched employment report on Friday is expected to show worker shortages persisting, even after federal governme...Read More

The north China steel production hub of Handan city in Hebei province has implemented stricter production cuts at steel mills from Monday November 1 to November 7.The move has been made is to mitigate weather-influenced air pollution over the period and comes just after the city finished implmenting steel production curbs in September and October to limit the crude steel output in line with China'...Read More

The downward pressure on flat-rolled steel import prices in South America persisted in the week ended Friday November 5, with buyers still cautious of ordering January-shipment cargoes while gauging future demand and overall pricing trends.More market participants expressed their fears during the week regarding an export duty being imposed on steel products from China from January 2022. They said...Read More

HONG KONG, Nov 5 (Reuters) - This was supposed to be Jack Ma's finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China's biggest star.Now, to the cautious cheer of investors, the billionaire Alibaba (9988.HK) e-commerce tycoon is taking his first tentative steps...Read More

Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand. Turkish import prices rebounded late in the week Strong domestic demand...Read More

The export pig iron market from the Commonwealth of Independent States softened in the week ended Thursday November 4 due to demand from the United States at lower prices than neighboring markets.Fastmarkets' price assessment for high-manganese pig iron export, fob main port Black Sea, CIS $520-545 per tonne on November 4, down from $550 per tonne a week before.Buyers in the United States, who hav...Read More

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) indices were largely stable this past week. More tonnages are available on tender for shipment next year, while smelters' buying has been relatively limited ahead of annual negotiations. For clean concentrate, a 90,000-tonne Cozamin tender for 2022 production was due to be awarded later on Friday November 5, with winning ter...Read More