Category: Supply Chains
Australia Refuses to Send Ships to Red Sea
The Australian government has reportedly indicated that it won’t send ships to join the U.S.-led Operation Prosperity Guardian in the Red Sea. The operation is aimed at containing attacks from Yemeni Houthi militias on commercial shipping and to keep sea lanes open. Defence ...
China Hawks in the U.S. Back Albanese’s Decision to Concentrate Force Deployments in Asia
Australia’s decision not to contribute a warship to the U.S.-led patrolling of Red Sea shipping lanes is playing into U.S. political divisions in the run-up to next year’s election. Reaction from the Biden Administration has so far been muted. The Australian ...
Chinese Experts on Red Sea: Not Our Problem
Chinese exporters’ profit margins are suffering as container shipping companies reroute their ships away from the Red Sea. The move to escape strikes by Houthi militias against ships headed for Israel will add to shipping time and costs, driving up shipping quotes for next year.
China Doesn’t Join U.S.-Led Red Sea Force
The United States announced it will coordinate joint patrols with allies to guard commercial ships in the Red Sea as the region comes under repeated attacks from Yemeni Houthi militias. China did not join the coalition, named Operation Prosperity Guardian. It includes the EU, NATO, Japan, and ...
Ship Attacks Shift Attention to China’s Overland Routes
Attacks by Houthi rebel groups on commercial ships in the Red Sea are forcing the world’s largest shipping companies to reroute their shipments. About 10% of the world’s trade passes through the Red Sea, but the route accounts for 40% of ...
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 ...
China-Angola Meeting As Luanda Navigates Great Power Competition
Angola’s Foreign Minister Téte António met with his Chinese counterpart Wang Yi in Beijing on Wednesday. He also signed a bilateral investment protection measure with Commerce Minister Wang Wentao. China has sometimes struggled to get such formal investment protection guarantees from ...
Biden Issues New Rules That Aim to Cut China Out of the U.S.’ EV Battery Supply Chain
U.S. consumers will no longer benefit from a $7,500 tax credit when they buy an electric vehicle that contains battery metals that were produced in China, according to new rules released by the Biden administration on Friday. The new regulations are ...
Japan Begins to Feel Pain of China’s Graphite Export Restrictions
China’s recent decision to restrict graphite exports is hitting importers hard, not least in Japan. On December 1, Chinese exporters will need special permits that meet national security concerns before they export the key mineral used in batteries that power electric ...
A Chinese Perspective on the Proposed U.S.-Backed Lobito Corridor in Angola
Angolan President João Lourenço is scheduled to meet with his U.S. counterpart, Joe Biden, at the White House on Thursday, where the two are expected to discuss moving forward with the development of the Lobito Corridor. The U.S. and the European ...
Angolan President to Visit Washington This Week For Lobito Corridor Talks
Angola’s President João Lourenço will meet with U.S. President Joe Biden on Thursday during an official visit to Washington. According to a White House statement, they will focus on the next steps in a joint logistics corridor linking the Angolan port ...