Day: April 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 ...
Indonesia’s plans to develop its rare earth resources face a geopolitical dilemma because the fastest way to process them relies on China’s dominant technology and supply chains, even as the United States and its allies are urging Jakarta to reduce dependence on Beijing. Photo by AFRIADI HIKMAL / NURPHOTO / NURPHOTO VIA AFP
Indonesia sits on a geological treasure trove of rare earth minerals, and the government is eager to tap into the wealth they could bring. While it knows how to find, mine, and sell the highly sought-after critical materials, it confronts a geopolitical dilemma: The only ...
What’s in Store for Chinese Companies Encouraged to Invest in Equatorial Guinea?
Chinese State Councilor and Foreign Minister, Qin Gang, recently urged Chinese companies to invest in Equatorial Guinea and expressed that the Chinese market is open to receiving more products from the African nation. After meeting his Equatorial Guinea counterpart, Simeon ...
Geopolitical Pressure Is Just One of the Global South’s Problems
I'm writing to you shortly after recording a podcast episode with the technology expert John Lee about the ramifications of the U.S.-China tech dispute for the rest of the world. That conversation will reach your inbox next week, but it made ...
The Far-Reaching Consequences of China’s Demand for African Donkeys
Elephants, rhinos, and lions usually come to mind first in discussions about the China-Africa animal trade, not donkeys. But surging demand for donkey hides used to manufacture a Chinese traditional medicinal product is having a devastating impact on rural populations across ...
WEEK IN REVIEW: Japanese Foreign Minister Fumio Kishida to Embark on a Four-Nation African Tour Next Month
Japanese Foreign Minister Fumio Kishida will embark on a four-nation African tour next month, a trip widely seen as an effort to counter Chinese and Russian influence on the continent. This will be the first visit to Africa by a Japanese leader since 2016. (NIKKEI ASIA)