Day: March 14, 2023
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COP28 Ends With Fossil Fuel Compromise, Many Unanswered Questions
This year’s COP28 will likely be remembered for its epic fights about fossil fuel use. For the first time in the gathering’s history, an explicit commitment to “phase out” fossil fuels was on the agenda. The delegates didn’t get there, committing to “transition away” from hydrocarbons instead. ...
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Chinese Mining Companies Are Pushing Down the Price of Cobalt, U.S. Committee Wants to Do Something About It
There's a growing awareness in Washington, D.C., that the rock-bottom prices of certain critical resources used to manufacture electric vehicle batteries provide China a competitive advantage while jeopardizing U.S. national security. A massive glut of cobalt, nickel and other EV battery ...
Chinese Nickel Miners in Indonesia Are Becoming Very Anxious About Falling Prices
The year-long slump in nickel prices is endangering the economic viability of some of the many Chinese mining companies in Indonesia that dominate the sector. Chinese-owned mines account for 60-70% of all investment in Indonesia's nickel mining business, which is significant ...
South Korea Moves to Reduce Reliance on China for EV Battery Metals
The South Korean government introduced new measures this week to reduce its dependence on China for 185 different critical resources, many of which are used to manufacture EV batteries. The Ministry of Industry, Trade and Energy announced on Wednesday new measures that ...
Chinese Arms Arrive in Zimbabwe
Zimbabwean President Emmerson Mnangagwa officially received a consignment of weapons from China on Wednesday. The arms include armored fighting vehicles, personnel carriers, machine guns, and pistols. The weapons were handed over by China’s ambassador, Zhou Ding. While framing the consignment as a donation, Mnangagwa ...
Environmental activists from Wahana Lingkungan Hidup (WALHI) organization wearing orangutan masks unfurled banners and posters during the International Action Day of Protest Against Bank of China in Jakarta, Friday, March 1, 2019.(Photo by Aditya Irawan/NurPhoto) (Photo by Aditya Irawan / NurPhoto / NurPhoto via AFP)
A Chinese-backed hydropower project in Indonesia is emerging as an example of a growing challenge in Beijing’s overseas investments. Compliance with host-country regulations may no longer be enough to shield projects from disruption, scrutiny, or reputational risk. The Batang Toru hydropower project is a major ...
China Tries to Maintain Mideast Diplomatic Momentum With Summit Planned for Later This Year
China will host a summit between Iran and the Gulf Cooperation Council later this year, reports the Wall Street Journal. The summit with the six-country bloc (made up of Saudi Arabia, the United Arab Emirates, Oman, Bahrain, Qatar and Kuwait) will further solidify the normalization of diplomatic ...
State Department Spox: U.S. Not Being Supplanted by China in Mideast as “Some Allege”
The U.S. State Department dismissed suggestions that China’s brokering of a diplomatic thaw between Iran and Saudi Arabia reflects a diminishment of the United States’s influence in the Middle East. Spokesperson Ned Price told reporters that: “In any way you look at it, America is deeply engaged with the ...
Israel Not Happy About the China-Brokered Iran-Saudi Arabia Deal
Few countries are as directly affected by the Saudi-Iran deal as Israel. The announcement seemed to have caught the Netanyahu government off guard and occasioned intense discussion, with incumbent and opposition politicians blaming each other for appearing “weak” and lessening Israel’s clout in the region. ...
Unpacking Israeli Reactions to Iran-Saudi Deal
As Israel’s famously feisty commentariat lays into the China-brokered Iran-Saudi thaw, the country’s reactions will likely have broader impacts. Israel’s own role in the region’s security landscape is at play, but its close relationship with the United States will also influence how Washington deals with the broader ...
India To Discourage Foreign Trade Settlement in Chinese Yuan – Sources
India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of long-running political differences with its neighbor. India, which has emerged as ...
Chinese Blockbuster Wandering Earth II Extends Africa Release With Premiere in Egypt
The Chinese sci-fi spectacle, The Wandering Earth II, is slowly turning into a global blockbuster. The film debuted to enthusiastic audiences in Egypt after getting similarly positive responses in other African countries, including South Africa, Zambia and Mozambique.