Reflections on the legacy of Jiang Zemin, China’s president from 1993 to 2003, who passed away on Wednesday, emphasized how he presided over a decade of explosive economic growth. Fewer have pointed out that he was also a key architect of China’s current relationship with Africa.
After the Mao era, emblematized by Chinese involvement in African anti-colonial struggles, the relationship went dormant as China focused on building economic ties ...
Category: Critical Minerals
Chinese EV Battery Maker Unveils Multibillion Dollar IPO, Will Use Proceeds to Develop Next-Gen Cobalt-free Batteries
One of China's hottest electric vehicle battery makers announced plans to go public on the Shanghai Stock Exchange's NASDAQ-like STAR market in a bid to raise $2 billion to build next-generation EV power packs. SVOLT ...
Why Battery Decoupling Projections Could Be Way Off
The United States and Europe could free themselves from their dependence on China for electric vehicle batteries by 2030, if they invest about $160 billion. This is the key finding of a new Goldman Sach forecast, which extrapolated the long-term effects ...
Few Noticed One of the Most Important Sideline Meetings at APEC
Chinese President Xi Jinping held dozens of quick sideline bilateral meetings with various international leaders over the past several weeks but few were as important as the one with Chile's Gabriel Boric at the APEC summit in Bangkok on Friday. President ...
The Cost to Build An EV Battery is Going Up… A Lot
This chart explains in part why Chinese battery giants are moving as fast as possible to lock up supplies of the key ingredients needed to manufacture lithium-ion batteries used to power electric vehicles. With the cost of certain materials, particularly lithium ...
Chinese Mining Giant CMOC Bats Back Fresh Rumors Its TFM Cobalt Mine in the Congo Has Been Suspended
Chinese mining giant CMOC (previously known as China Molybdenum) denied new rumors that Congolese authorities had shut down operations at its massive TFM copper and cobalt mine in the southern DRC. "At present, TFM's production and operation are normal,"
Analysis from Cobus van Staden
Jiang Zemin Created the Africa-China Relationship As We Know It Today
U.S. Builds Mineral Coalition to Displace China
The United States hopes to use its rich allies to channel investment to resource-rich countries in order to cut China out of mineral supply chains. The U.S.-led Minerals Security Partnership, which also includes Japan, the EU and others, held a ministerial meeting ...
Sicomines Boss Moves to Bolster Ties in Kinshasa to Avoid the Problems Other Chinese Mining Companies Face in DRC
The head of one of China's largest mining companies in the DR Congo, Li Sheng, traveled last week from the southern cobalt and copper belt in the south to do some in-person lobbying in the capital Kinshasa.
China’s Dominance of the Congolese Cobalt Sector May Not Actually Matter Much in the Near Future
The new U.S. climate law, officially known as the Inflation Reduction Act, has a number of provisions aimed at breaking China's hold on certain strategic resources like cobalt, widely seen as vital to the future of electric mobility. Cobalt is a ...