Day: August 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 ...
Source: Wikistrat Expert Analysis | How the War in Iran is Shaping China’s Strategic Calculus
There's been a lot of speculation in U.S. and European policy analysis circles over what lessons China is taking away from the U.S.-Israeli war against Iran. The debate largely divides along two broad categories. On one side, popular in Washington, D.C., contends that the massive ...
Chinese Convoy Attacked in Pakistan, Two Militants Killed
Separatist militants ambushed a convoy of three SUVs carrying Chinese construction engineers on Sunday near the Port of Gwadar in Pakistan's restive Balochistan Province, a key investment hub for the massive China-Pakistan Economic Corridor initiative. None of the 23 Chinese ...
As Tensions Between China and the Philippines Surge, Wang Yi Calls on a Few Old Friends in Southeast Asia
Chinese Foreign Minister Wang Yi made a quick sprint through Southeast Asia over the weekend as part of a three-nation tour of Malaysia, Singapore, and Cambodia. Wang met with the prime ministers in the three countries in what appeared to be ...
China and the Philippines Warn Each Other Not to Push South China Sea Confrontation Too Far… Or Else
Tensions between China and the Philippines steadily worsened over the weekend as both sides attacked the other for instigating the latest confrontation in their disputed waters in the South China Sea. In Manila, Armed Forces chief General Romeo Brawner said the China ...
Massive Russian Energy Buys Are Transforming China’s Global Trade
Russia is now China's largest single supplier of energy commodities in a shift that is also transforming Beijing's trade engagement in countries throughout the Global South. Whereas fifteen years ago, China sourced a third of its imported crude oil from African ...
Cobalt: Why This Chart Can Spark Both Fear and Happiness
If you're the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile. ...
Japan Moves to Build China-Free EV Battery Supply Chain
Nishimura Yasutoshi, Japan's economy and industry minister, spent last week crisscrossing southern Africa on a five-nation tour at the behest of his country's auto industry that is looking for new supplies of the raw materials needed to power electric vehicles. Japan, like ...
Burundi’s “Banana Riders” Go Viral on Chinese Social Media, Triggering Memories of China’s Own Development Journey
Eric, a young Burundian, barrels down a mountain at 70km an hour with more than 200 kilos of bananas strapped to his rickety bicycle in what looks like an absolutely terrifying race to the bottom. Eric and his fellow "banana riders" ...