Category: Mining
U.S. Bid to Challenge China’s Dominance of the Battery Metal Supply Chain in Africa Faces Two Key Hurdles
Widely perceived as a major and concrete U.S. move to counter China in the supply chain of critical minerals in Africa, the U.S.-DR Congo-Zambia MoU signed last December in Washington, D.C., will confront significant challenges, mainly for the DRC and Zambia. Both ...
China’s Ambassador to the DR Congo to Leave
Chinese ambassador to the Democratic Republic of the Congo stopped by the Defense Ministry in Kinshasa this week to say goodbye to Minister Gilbert Kabanda. Zhu also left a parting gift of $27 million of security assistance for the Congolese military. ...
Is the DRC Making Progress in Reshaping Its Controversial Chinese Deals? Maybe.
The Democratic Republic of Congo could be closer to overhauling two controversial Chinese deals. Finance Minister Nicolas Kazadi told Reuters the government is in active talks with Sicomines, a joint venture between the DRC’s state mining company Gécamines, and Sinohydro and China Railway Group, who were supposed to ...
China, Like the U.S., Wants to Onshore More of Its Critical Resource Mining
China appears to share many of the concerns over the security of its supply chains for critical minerals that now dominate conversations in North American, European and some Asian capitals. Wang Guanghua, China's minister for natural resources, explained in a lengthy ...
China-Global South in 2023: Our Views on What to Expect
Eric Olander, Editor in Chief China's efforts to build a parallel international order are going to accelerate in 2023. Led by a new foreign policy team that will assume office in March, Xi Jinping's new Global Development Initiative will take shape, ...
Can Zimbabwe Emulate Indonesia’s Tough Approach to Chinese Miners?
The Chinese mining company Zhejiang Huayou Cobalt is chafing under pressure from the Zimbabwean government to convert its lithium mining operation in the country into a plant producing battery-grade lithium within five years. The company at present, only has plans to build a ...
U.S. Signs MoU with DRC, Zambia for e-Vehicle Supply Chains
The governments of Zambia and the Democratic Republic of Congo signed a Memorandum of Understanding with the United States to develop an electric vehicle supply chain in their countries. The exact details of the agreement are still unclear, but it likely involves refining cobalt - a key mineral used ...
Congolese Cobalt May Become a Casualty of the New U.S. Climate Law
It appears that the Democratic Republic of Congo and other African countries that produce strategic resources used to manufacture electric vehicle batteries may be sidelined by the new U.S. climate law known as the Inflation Reduction Act or IRA. A key ...
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 ...