A report published by Fitch Solutions Country Risk states that under a Joe Biden presidency, the United States is expected to see an acceleration in renewables development and an effort to reverse the loosening of emission restrictions made by the Donald Trump administration. In the market analyst’s view, the Democratic nominee has a 70% probability of winning the November 3 election. Thus, the firm’s Country Risk team decided to evaluate a few key aspects of the mining and metals sector that could be impacted by such an outcome. “A Biden presidency will likely accelerate the decline of coal production in the US as his policy platform moves the country towards other sources of power generation,” the report reads. According to Fitch, the retirement of coal-fired power plants has left fewer and fewer options to which domestic producers could sell thermal coal. Additionally, export opportunities remain bleak due to US […]