Category: Critical Minerals
China, Indonesia and the Great Power Competition for Transition Minerals
U.S. President-elect Donald Trump is not a fan of the Biden administration's climate legislation known as the Inflation Reduction Act (IRA), describing it as a "green scam." Trump has promised to repeal it, which will undoubtedly be welcome news in Indonesia. ...
Even CMOC is Now Worried About the Rock Bottom Price of Cobalt
For much of the past two years, Chinese mining giant CMOC Group Ltd. has been producing vast quantities of cobalt from its enormous mines in the Democratic Republic of the Congo. The company's producing so much of the blue metal that it ...
Indonesia’s Small Islands Pay the Price for Nickel Mining
The push for electric vehicles (EVs) promises a cleaner future, but the production of their batteries comes at a steep cost to Indonesia’s small islands. Nickel, a critical component in many EV batteries, has spurred mining activities that devastate local ecosystems and communities.
There’s Only One Reason That Explains Why Chinese Companies Are Pumping Out so Much Cobalt: Politics
Chinese mining giant CMOC Group, or China Molybdenum, announced this week that it reached its full-year cobalt production target three months ahead of schedule. This would probably have been welcomed as good news in an earlier era. But in today's market, when the price of the blue ...
From Rich Soil to Flooded Plains: The Toll of Indonesia-China’s Nickel Ambition
Flash floods hit North Maluku, a province in the eastern part in Indonesia, for four days last July. Home to nickel-focused industrial activities of the Indonesia Weda Bay Industrial Park (IWIP), the floods swept across several villages nearby. Heavy rains ...
U.S., India to Cooperate on Critical Minerals: Statement
The United States and India are set to work together on supply chains for critical minerals that are key to clean energy technologies, the U.S. Commerce Department said Thursday in a statement. U.S. Commerce Secretary Gina Raimondo and India's Minister of ...
Why the U.S. is Struggling to Compete in the Global Competition for Critical Resources
U.S. officials have spoken at length about the urgent need to end their country's dependency on China for the critical resources needed to power next-generation mobility and technology. Part of the solution, they say, is ...
Cobalt Prices Plunge to Eight-Year Low Amid Chinese Supply Surge
The price of cobalt, a critical metal used to manufacture electric vehicle batteries, has sunk to an eight-year low in Chinese trading. Analysts say the downturn is due to a combination of increased Chinese output of the blue metal and slumping demand for cobalt-powered batteries.
South Korea Looks to Central Asia to Reduce Reliance on China for Critical Minerals
President Yoon Suk Yeol wrapped up on Sunday a weeklong trip to Turkmenistan, Kazakhstan and Uzbekistan that focused on introducing Korea's new strategy toward Central Asia and strengthening cooperation in critical minerals, energy and infrastructure. Yoon and first lady Kim Keon ...
U.S., China, Indonesia’s Nickel Gridlock: A Perspective From Below
“Without Indonesia’s nickel, have no future in America,” declared Indonesia’s coordinating minister of maritime and investment affairs Luhut Binsar Pandjaitan in Foreign Policy last month. A bold statement from Indonesia’s top minister. He blasted Washington’s Inflation Reduction Act (IRA) for ...
Senior U.S. Diplomat Accuses Chinese Company of “Predatory” Tactics to Depress Cobalt Prices
The top U.S. diplomat for energy and the environment, Jose Fernandez, accused Chinese mining giant CMOC of using "predatory" practices to intentionally flood the market with cobalt to suppress prices: “What we’re seeing now, I feel, is a variation of predatory pricing ...
China Issues Draft Guidelines to Rein in Lithium Battery Industry
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidized overproduction could flood global markets with cut-price exports. Lithium-ion batteries are a form of rechargeable energy storage used ...




