Category: Mining
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 ...
Chinese-Run Gold Mines in Niger Ordered Shut After Animals Die
Several gold mines in northern Niger managed by a Chinese company were ordered to temporarily close after dozens of animals died from drinking wastewater, local authorities told AFP on Sunday. Herders around the town of Tabelot had pointed to Sahara SARL's ...
EV Automakers Get Reprieve in U.S. Tax Credit Rules
The U.S. government gave automakers a reprieve Friday when finalizing electric vehicle tax credit rules by letting cars that contain Chinese graphite qualify for the consumer credits through 2026. The confirmation came as the Treasury Department and Internal Revenue Service published final ...
U.S.-China Competition for Africa’s Critical Resources
China maintains a massive lead over the U.S. and other G7 countries in both mining and refining capacity in Africa, a key vulnerability that policymakers in the U.S., Europe, and elsewhere say they're determined to rectify.
Australian Mining ‘Under Assault’ From Chinese Mining, Says U.S. Ambassador
The U.S. ambassador to Australia, Caroline Kennedy, rallied to the defense of Aussie mining companies who she said were "under assault" from Chinese rivals that exploit labor and the environment. Kennedy made the remarks during a keynote address at the Paydirt ...
U.S. Should Increase Engagement With African Countries For Greater Access to Critical Minerals – Report
The U.S. should boost engagement with African countries in mutually beneficial partnerships to be the continent’s preferred partner for critical minerals development. This will not be easy, as there is no sign that China is retreating in African markets, and the U.S.’s economic competition in Africa is ...
BYD is Launching Its Next Gen Blade EV Battery and That’s Really Bad News for Both DR Congo, Indonesia
Chinese electric vehicle giant BYD announced the launch date for its next generation Blade EV battery that will be released in August with 27% more energy density than the current power pack. The new battery will also be sufficient for most cars to ...
Sourcing China-Free EV Battery Metals Will Be on the Agenda at This Week’s U.S., Japan, Philippines Summit
The Philippines' large nickel reserves, a key metal used to manufacture electric vehicle batteries, will be high on the agenda at this week's first-ever summit among the leaders of the U.S., Japan, and the Philippines that will begin on Thursday in Washington, D.C.
Zimbabwe Set to Launch Second Chinese-run Lithium Processing Plant
Final testing is now underway at a new Chinese-run lithium processing facility in eastern Zimbabwe, around 150km east of Harare. When fully operational, the new plant will be able to produce 300 tonnes a day of lithium concentrates that will be sent ...
Second Chinese National Killed in the DR Congo This Week
A Chinese national was killed and another injured when their gold mining camp in northwestern Ituri province came under attack on Monday by armed bandits. Local police said the assailants made off with "a little money and a few grams of ...
Key Battery Metal Prices to Remain in Doldrums for the Foreseeable Future, Says Goldman Sachs Forecast
The prices of essential resources used to manufacture electric vehicle batteries will remain under severe pressure for at least the next 12 months, according to a forecast by U.S. investment bank Goldman Sachs. A combination of factors is contributing to the ...