Category: Transportation
New Transport Corridor Gives China Direct Access to the Indian Ocean for the First Time
A new overland transport corridor has made history by linking China directly to the Indian Ocean for the first time. Built jointly by Chinese provinces and Singapore, the transport corridor links the Chinese manufacturing hub of Chongqing with Vientiane, ...
Angolan Logistics Management Tender Will Increase Chinese Influence
The Angolan government is currently deciding which of two China-linked consortiums will manage a transport link that could significantly speed up shipments of strategic minerals from the Democratic Republic of Congo. The corridor includes the Chinese-built 1,344 km Benguela rail line ...
China’s Minmetals Doubles Down on DRC Cobalt
The lure of greater access to the DR Congo's vast copper and cobalt reserves is drawing more Chinese mining companies to expand their investments in the country. Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere ...
Cobalt Prices in China Surge Due to Supply Chain Problems in the DRC and South Africa
Cobalt prices jumped to a three-year high in Chinse trading this month due to mounting concerns over shipment delays in the DR Congo-to-South Africa supply chain. Shipments from the DR Congo account for 90% of China's sourcing for the metal that's ...
EV Battery Metals: Chinese Mining Companies Moving Quickly to Close More Lithium Deals in the DR Congo
The Chinese Mining Company Suzhou CATH Energy Technologies closed a $240 million investment with Australia's AVZ Minerals for rights to the Manono lithium mine in the southern DR Congo. The Chinese company now has a 24% stake in the mine that ...
China Moving Quickly to Diversify Sourcing of Strategic Minerals and Metals With New Deals Announced in Africa, Asia and LatAm
With demand for the minerals and metals used to power electric vehicles far outstripping supply, China's largest mining companies are moving quickly to diversify their sourcing strategic resources including cobalt, nickel, lithium and rare earths among others. There's been a lot ...
Another African EV Start-Up Using Chinese Technology Gets Seed Funding
Kenya-based EV start-up BasiGo closed a $4.3 million seed funding round to assemble and sell electric-powered buses. The company plans to supply more than 1,000 mass transit electric buses to operators throughout Kenya over the next five years. Those buses, incidentally, will all be supplied ...
Lithium Follows Cobalt’s Lead With New Record Production Output
The surging demand for electric vehicles in China, the U.S., and Europe is powering new demand for lithium, a key ingredient used to make EV batteries. Global mined lithium production hit a record high in 2021 of 100,000 tonnes (excluding the ...
Together China and the DRC Led the Way for Record Cobalt Output in 2021
Strong consumer demand for electric vehicles propelled a 20% increase in global cobalt output last year to a record 170,000 tons, according to new data from the U.S. Geological Survey. This means that together, China ...
Meet the CityBug: The Newest Chinese-made EV to Go On Sale In South Africa
South Africa lags far behind other middle-income countries in the availability of electric vehicles but Chinese brands like Eleksa are hoping to change with the introduction of new cars like the $15,000 Citybug. The two-door compact seats four and has a ...
Chinese Auto Majors See South Africa as a Key Market to Compete Head-On With Global Rivals
South Africa's intensely competitive car market may provide a glimpse into the future of global automotive trade with Chinese brands successfully competing with rivals from the U.S., Germany, Japan, and South Korea. In fact, SA is one of the only markets in the world where a Chinese ...
Hundreds of Truckers Create Informal Nomad Villages While Waiting for Cargo from Chinese Copper Mines in the DRC
Somidez, the Congolese mining unit of the Chinese mining giant China Nonferrous Mining Corporation (CNMC), posted a series of fascinating photos that show the vibrant impromptu communities that form among truckers from across Africa as they wait for days in line to pick up their hauls of ...