Exterior of one of Chinese EV battery giant Contemporary Amperex Technology office buildings.
Strong demand for electric vehicles around the world helped to triple profits at Chinese battery giant CATL, the world’s largest battery maker. The company is reporting that third-quarter profits for the year will reach $1.23 billion.
CATL is going to use some of that money to buy a large stake in Chinese cobalt mining giant CMOC Group (aka China Molybdenum.) CATL announced on Monday that it will purchase a quarter of CMOC as part of a broader effort to ensure steady supplies of cobalt, lithium, and other raw materials needed to produce EV batteries.
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It appears that the Democratic Republic of Congo and other African countries that produce strategic resources used to manufacture electric vehicle batteries may be sidelined by the new U.S. climate law known as ...
China’s largest battery makers are moving quickly to introduce a new generation of power packs for electric vehicles that, in some cases, don’t use controversial metals like cobalt. There are two main players ...
DR Congo Finance Minister Nicolas Kazadi pushed back against the narrative that Kinshasa is specifically targeting Chinese companies over unfair mining contracts. The minister was adamant in his discussion with Financial Times ...
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