G
REEN ASSETS are on a tear. The prices of battery metals such as lithium and cobalt have surged by about two-thirds and a third, respectively, so far this year. Copper has reached a record, partly owing to its importance for the energy transition; so too has the price of carbon in Europe.
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The surge has extended to the stockmarket, too. Since January 2020 the value of Orsted, a windpower producer, is up by more than a third. The shares of SunRun, a solar firm, have trebled; those of Tesla and Nio, electric-vehicle (
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