In the world of sustainable investing, being dubbed socially useless is a rough result to take.
But that was the challenge laid at the door of the gold sector by one of the world’s best known mining investors. BlackRock’s Evy Hambro suggested this month that the gold industry had to do a better job in justifying the environmental costs of digging the shiny stuff out of the ground, given its limited industrial and technological uses.
Mining copper, nickel, or other battery metals, on the other hand, was an easier case to make, he said, given their crucial role in electrification and decarbonisation.
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