The old adage suggests that in a gold rush you should back the company selling the shovels. The same could be as true today as it was in 19th-century California and the Klondike.
Thus, while automotive and technology firms seem obvious picks when talking about the transition to a low-carbon economy, miners and their suppliers also look set to benefit. Rising demand for electric vehicles and batteries will drive soaring demand for commodities such as copper and cobalt.
Weir Group, the Glasgow engineer and manufacturer that makes and replaces valves, pumps, grinders and centrifuges for heavy industry worldwide, believes it’s in a good position to ride any zero-carbon mining boom. So much so, in fact, that last week it hoisted a “for sale” sign
