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China is Taking Advantage of Rock Bottom Cobalt Prices to Stockpile Huge Quantities of the Blue Metal

The Chinese government is leveraging a 40% plunge in the price of cobalt to further bolster its national strategic reserve of the blue metal used in advanced electronics and electric vehicle batteries. UK-based cobalt trading house Darton Commodities recorded a massive ...

U.S., Canada Look to Wean Themselves Off Dependence on China for Critical Minerals

Energy ministers from the United States and Canada expressed deep reservations about their countries' current reliance on China for processed minerals that are used to power next-generation mobility and technologies. In separate interviews, U.S. Energy Secretary Jennifer Granholm and Canada's Minister ...

U.S. Tries Again to Secure China-Free Critical Resources Supply From the DR Congo

For the second time in two years, the United States signed an agreement with the Democratic Republic of the Congo in a bid to secure reliable supplies of critical resources free of any Chinese entanglements. The U.S. on Monday announced it ...

U.S. Mining Start-Up Makes Huge Copper Discovery in Zambia

A California-based mining start-up, KoBold Metals, announced that it had discovered Zambia's largest copper deposit in a century. KoBold president Josh Goldman said on Monday the company's Mingomba mine in northern Zambia is poised to become one of the world's top ...

U.S. Bill Targets China’s Critical Mineral Stake

U.S. senators introduced legislation that would make federal agencies regularly track critical mineral and rare earth deposits around the world and who controls them. The Critical Minerals Security Act of 2024 would highlight when a deposit is controlled by “a foreign ...

Analysis from Cobus van Staden

Misadventures in the Skin Trade

This week I spent a few days in Cape Town, in time for a minor, if telling, crisis in international agricultural trade. A ship crammed with 19,000 (mostly still living) cows was stuck in Cape Town harbor, en route from Brazil to the Middle East.
As South African animal welfare authorities scrambled to inspect the horrors on board, the city was enveloped in a powerful farmyard funk. The entire episode can ...

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 Mining Companies Digest New U.S. Rules Aimed at Cutting Them Out of EV Supply Chain

Chinese mining executives at privately owned companies are breathing a sigh of relief that new U.S. regulations aimed at cutting them off the American EV supply chain aren't as stringent as expected. Earlier this month, the Biden administration unveiled a series ...

Ford’s Nickel Deal With Huayou Cobalt Exposes the Limits of U.S. Influence to Counter China

The Ford Motor Company is moving forward with a massive $3.8 billion three-way nickel deal with Brazilian miner Vale and Chinese mining giant Zhejiang Huayou Cobalt. Nickel is one of the key metals used to manufacture electric vehicle batteries, that companies ...
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