Country: Democratic Republic of the Congo
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“I Have Had Enough!” DRC President Étienne Tshisekedi Hints He’s Ready to Take on Chinese Investors Over Unfair Contracts
DR Congo President Étienne Tshisekedi ventured to the heart of the country's cobalt mining territory to personally deliver a warning to foreign investors (read Chinese) that unfair mining contracts are going to be re-negotiated. On Thursday, the president traveled to the city of Kowlezi in the southern ...
Chinese Automakers Are Making New Inroads Across Africa
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The Stuff That Goes Into Making a Battery For Electric Vehicles is Getting a Lot More Expensive
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Demand for EV Battery Materials is Surging Putting Renewed Focus on Where These Strategic Resources Come From and China’s Role in Processing Them
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Chinese Embassies, Ambassadors Stay Largely Quiet on the China CDC Director’s Vaccine Efficacy Controversy
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DRC Take Note: China’s BYD Says It’ll No Longer Used Cobalt in Its Electric Vehicles
Shenzhen-based electric vehicle giant BYD (aka Build Your Dreams), the world's second-largest EV-maker, recently made a stunning announcement that it will no longer use cobalt in any of its vehicles. Instead, the company is going all-in on LFP (lithium-iron-phosphate) batteries in place of ...
In 5 Years, the Battle Over Cobalt is Going to Intensify… a LOT!
There are just five years left before the demand for cobalt, a critical metal used to make the batteries in electric vehicles, is going to outstrip the known supply of this strategically vital resource. And with 60-70% of the world's cobalt reserves located in ...
Two Events in China and the DR Congo Illustrate Why the Race for Cobalt Supplies is So Important
Soaring demand for electric cars and trucks is sparking a buying frenzy for the critical ingredients used to make the batteries in those vehicles, namely cobalt. Prices for the metal are up 65% this year alone, the highest since 2018, at $53,000 a ton. ...