If you’re wondering why mining Stocks are down, it’s because of the Environmental, social, and governance(ESG) cost of production, which is why we’re having higher prices, and higher interest rates. The markets are having to rediscover prices at a higher pricing point, and historically, when this happens, governments all over the world push for PRICE CONTROLS.
Technology has bailed out governments before, not sure tech can do it with ESG mandates, which is why all signals point to higher RETAIL prices, from everything related to mining, but the higher prices will likely be GRADUAL, better to boil the frog slowly.
In regards to the mining stocks, ESG, from my point of view appears to be a talking point that will fade into the background, because developing nations are BLATANTLY ignoring ESG, and climate change hysteria, leaving the Western World to finance this stupidity.
The likely scenario, is that, ESG gets diluted, and the market instead of BUREAUCRATS, eventually get a handle on the situation, but the long-term IMPACT on the West with all of this ESG-CENSORSHIP is anyone’s best guess, because we’re still not in a place, in which people feel comfortable calling ESG a Corporate Welfare SCAM.