Author: Reuters
Related Posts
Can Africa Win as the West and China Scramble for Minerals?
By Clyde Russell Two multi-billion-dollar rail projects in Africa. One headed west, the other east. One backed by Western countries, the other by China. Both are aiming to ship vast quantities of critical minerals. Welcome to the new scramble for Africa. ...
Workers at the Istiqlal Mosque in Jakarta install Chinese-made solar panels atop the roof of Indonesia's largest mosque on May 3, 2024. (Photo by Garry Lotulung/NurPhoto)
As aid from the United States and other Western countries dwindles and global trade tensions rise, Southeast Asia’s urgent need for green energy is finding a ready banker and builder in China. Experts caution that this shift is reshaping the region’s economic and strategic landscape at the expense of the United ...
Contract Worker Dies at Rio Tinto’s Simandou Iron Ore Mine in Guinea
A contract worker died following an incident at Rio Tinto's SimFer mine at the Simandou iron ore project in Guinea, the world's largest producer of iron ore said late on Sunday, without providing further details. The miner said work had been suspended ...
Trump, Netanyahu Agreed U.S. Should Press Iran to Cut Oil Sales to China, Axios Reports
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the U.S. would work to reduce Iran's oil exports to China, Axios reported, citing two U.S. officials briefed on the issue. "We agreed that we will ...
China to Scrap Tariffs for Most of Africa From May: Xi
Beijing's scrapping of tariffs for all but one African country will start May 1, Chinese President Xi Jinping said Saturday, according to state media. China already has a zero-tariff policy for imports from 33 African countries, but Beijing said last year ...
Brazil Cattle Processing Hitting Record as China Devours More Beef
Brazil's cattle slaughtering activity for the fourth quarter shows beef packers boosted processing by 13.1% from the same period in 2024, according to preliminary Brazilian census bureau data released on Thursday. The tally, if confirmed, would take Brazil's total slaughtering to ...
China, Mexico Held Talks Amid Trade Tensions Over Tariffs
China's chief trade negotiator, Li Chenggang, met Mexico's Deputy Economy Minister, Vidal Llerenas, in Beijing on Monday, in the first face-to-face talks since Mexico imposed higher tariffs on Chinese imports, drawing warnings from Beijing. The two countries conducted in-depth exchanges on ...
Saudi March Crude Oil Supply to China to Rise to Multi-Year High, Sources Say
Saudi Arabia's crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company ...
Nickel Gains After Indonesia Cuts Quota for World’s Biggest Nickel Mine
Nickel climbed on Thursday, after Indonesia sharply cut this year's mining quota for PT Weda Bay Nickel, the world's biggest mine for the critical mineral. The most-active nickel contract on the Shanghai Futures Exchange SNIcv1 climbed 2.49% to 140,570 yuan ($20,366.86) a metric ton as of 0250 GMT. The Shanghai contract surged ...
U.S. Pushes for Venezuela Investment, Energy Secretary Warns About Legitimacy of Chinese Deals
By Marianna Parraga, Sarah Kinosian and Timothy Gardner U.S. Secretary of Energy Chris Wright pushed on Wednesday for expanded U.S. investments in Venezuela as part of the highest-level U.S. visit focused on energy policy in nearly three decades, while warning about the legitimacy ...
Congo Says It Would Seek Other Partners if U.S. Minerals Framework Fails
The Democratic Republic of Congo will look for other partners if its minerals cooperation framework with the U.S. does not lead to concrete projects, the country's mines minister said. "Everything we have done with America is a framework under which we will discuss ...
Brazil Mulls Assigning Beef Export Quotas for Exporters Dealing With China, Official Says
By Roberto Samora and Ana Mano The Brazilian government may assign individual export quotas for domestic beef companies selling products to China, Luis Rua, trade secretary at Brazil's Ministry of Agriculture, said in an interview on Wednesday.
China’s Zijin to Launch Congo’s First Lithium Output in June From Disputed Manono Deposit
China’s Zijin Mining will initiate Congo’s first lithium output in June from the disputed Manono deposit and move immediately to exports, the company and state miner Cominiere said, marking a major step in Beijing’s push to secure more critical minerals in Africa. Zijin ...
After Volkswagen Deal, Chinese EV Makers Eye EU Tariff Talks of Their Own
Major Chinese automakers will be next to knock on Brussels' door after Volkswagen secured a breakthrough EU tariff reprieve for its China-made Cupra Tavascan SUV, industry insiders and analysts said. The European Commission this week approved a request by the German ...