Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

HSBC Bank to Make $ 1 trillion Available to Help Customers Reduce Emissions

HSBC bank is committed to making $ 1 trillion available to its customers over ten years to support them in reducing their emissions. It is also committed to achieving carbon neutrality in its activities by 2030.

HSBC Bank to Make $ 1 trillion Available to Help Customers Reduce Emissions

British bank HSBC is committed to achieving carbon neutrality in its operations by 2030. It has also made a commitment to have a portfolio of customers who have achieved carbon neutrality by 2050. To achieve this the institution will provide its clients with $ 1 trillion over the next decade to support them in reducing their greenhouse gas emissions.

“As we enter a pivotal decade for change, we have an opportunity to accelerate our efforts to build a healthier, more resilient and more sustainable future,” said Noel Quinn, the bank's executive director in a communicated. 



HSBC also plans to work towards establishing standards, globally consistent and verified over time, to measure the emissions financed as well as the evolution of the carbon market. In addition, she will regularly post her advancements and encourage her clients to do the same.

Recently, the institution has come under heavy criticism for funding billions of companies involved in deforestation. It is also the second largest financier of fossil energy companies in Europe, behind Barclays, since 2015, according to Bloomberg data.