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A Billion Dollar Copper/Cobalt Mine is Up For Grabs in the DR Congo, Providing Rare Opening For the U.S. to Get in the Market

For the first time in seven years, the United States can re-enter the all-important critical resources mining sector in the Democratic Republic of the Congo, where China is the dominant actor. The persistently low price of cobalt, a metal used to ...

Lithium Rush: The Risks and Rewards of a China-Led Commodity Boom for Latin America and the Caribbean’s Transition Materials

By Zara C. Albright At last week’s Belt and Road Forum, China announced the creation of the Green Investment and Finance Partnership (GIFP), part of the $100 billion in new financing for the Belt and Road Initiative (BRI), aimed at ...

China Takes Advantage of Cobalt’s Low Price to Boost Strategic Reserve

The Chinese government plans to fortify its stockpile of cobalt, a critical resource used to manufacture electric vehicle batteries. Insiders tell Reuters that the Strategic Reserves Administration plans to purchase 3,100 metric tons of the blue metal in a move likely timed ...

China’s Dominance of the EV Battery Metal Supply Chain

Chilean President Gabriel Boric oversaw the signing of a $233 million lithium deal on Tuesday with Chinese mining giant Tsingshan Holding Group, the latest investment that solidifies China's dominance of the fiercely contested EV battery metal supply chain.

DRC President Inaugurates New Chinese-Built Hydropower Plant

Congolese President Félix Tshisekedi opened the floodgates of the new Busanga hydropower station on the Lualaba River in southern Lualaba province's copper/cobalt belt. There's a certain irony in Tshisekdi inaugurating this particular project given that it's part of the massive $6 billion ...

Getting China Out of Mineral Supply Chains Will Take Closer Cooperation With Africa: Report

The United States is increasingly focused on lessening its dependence on China for critical minerals. While some key rare earth minerals are mined in China, its involvement is much broader in mineral refining and battery manufacturing. Many of the refined minerals ...

Reality Now Dawning Western Countries Probably Can’t Catch-Up With China in the Critical Minerals Race

There's been a noticeable shift in recent weeks in the European and North American discourse about China's dominance of critical resources used to manufacture electric vehicle batteries. Officials on both sides of the Atlantic are no longer boasting about rivaling China's ...

China’s Huawei Sets up Commodities Hedging Team in Singapore, Hong Kong

Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company's job posts on professional social network LinkedIn. The company was looking for a commodity trader and a commodity market ...

$1.3 Billion Chinese Investment in Zambian Copper Sector as EU Readies Competing Deal

The Chinese mining giant China Non-Ferrous Metals Mining Company (CNMC) announced a plan to invest $1.3 billion in Zambia across a range of sectors. The agreement, announced by CNMC chairperson Xi Zhengping, includes a $400 million investment in the Chambishi copper mine, run by its subsidiary Non-Ferrous Corporation ...

U.S. Acknowledges It Can’t Cut China Out of the EV Battery Supply Chain

For much of the past year, since the passage of the Inflation Reduction Act (IRA) in 2022, U.S. officials have spoken at length about the urgent need to remove China from the critical minerals supply chain used, among other things, to manufacture electric vehicle batteries. ...
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