Country: Democratic Republic of the Congo
Related Posts
China’s CMOC Group and Glencore Differ Over DR Congo’s Cobalt Export Ban
The Democratic Republic of Congo, the world’s leading producer of cobalt, has imposed a four-month ban on cobalt exports in an effort to curb market oversupply and stabilize falling prices. But the move has ignited a conflict between two of the country’s largest mining companies: China’s CMOC ...
WEEK IN REVIEW: Chinese Mining Company CMOC Urges Congo to Lift Cobalt Ban
The Chinese mining company CMOC has called on the government of the Democratic Republic of Congo to lift its export ban on cobalt. The country imposed a four-month ban on exports in the hope of raising prices. The ban is scheduled to expire next month. CMOC’s Vice President ...
Chinese Battery Giant’s Splashy IPO Highlights New Energy Tensions
Shares in Contemporary Amperex Technology Co. (CATL) surged after the world’s largest maker of batteries made an eye-popping initial public offering (IPO) in Hong Kong. Stocks in the world’s largest battery-maker are up by 16% after it raised $4.6 billion in the world's largest share listing this ...
Ignoring China Won’t Help African Countries Move up the Critical Mineral Value Chain
Last week, African mining ministers and global leaders gathered in Paris to discuss the continent’s role in the future of critical minerals and responsible sourcing. At the OECD’s High-Level Dialogue on Africa, one message came through loud and clear: Africa must move beyond simply exporting raw ...
Negotiations Underway to Free Chinese Hostage in Eastern DR Congo
Congolese authorities in the far eastern Kalemie Territory along Lake Tanganyika near the border with Tanzania are negotiating with a group of bandits who kidnapped a Chinese national and a local woman in late April. The unknown group of assailants is ...
Negotiations Underway to Free Chinese Hostage in Eastern DR Congo
Congolese authorities in the far eastern Kalemie Territory along Lake Tanganyika near the border with Tanzania are negotiating with a group of bandits who kidnapped a Chinese national and a local woman in late April. The unknown group of assailants is ...
Negotiations Underway to Free Chinese Hostage in Eastern DR Congo
Congolese authorities in the far eastern Kalemie Territory along Lake Tanganyika near the border with Tanzania are negotiating with a group of bandits who kidnapped a Chinese national and a local woman in late April. The unknown group of assailants is ...
DR Congo in the Market for More Chinese Attack Drones
DR Congo security officials are reportedly in talks with Chinese aerospace giant CATIC to acquire three new attack drones to bolster their fight against M23 rebels in the east of the country, according to Africa Intelligence. Specific details of the price ...
In China’s Wake, India Tries a Cleaner, Fairer Mineral Path in Africa
In January, the Indian government published a new critical minerals strategy that details how the country aims to bolster supply chains necessary for its green energy transition. While the report underscores the importance of developing domestic supplies of lithium and other ...
Trump Returns, But His Africa Policy Remains a Question Mark
The cherry blossoms are beginning to bloom in Washington, D.C., but inside the Beltway, there’s little sign of renewal—only a thick fog of uncertainty. After a brief return to D.C., I found a city still reeling from the shock of the Trump administration’s return to power and ...
China’s CMOC Group Announces Strong Earnings as Market is Split Over DRC’s Cobalt Export Ban
The world's largest cobalt producer, China's CMOC Group, announced record earnings for 2024 with net income jumping 64% to $1.9 billion, well above analyst estimates. These results are particularly impressive given the fact that cobalt prices hovered near record lows last ...
WEEK IN REVIEW: Chinese Mining Disaster in Zambia
Millions of Zambians along the Kafue River are coming to grips with the devastating environmental impact brought about by a massive acid spill from a Chinese-run copper mine. A tailings dam broke on February 18th, sending 50 million liters of toxic ...