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Key Battery Metal Prices to Remain in Doldrums for the Foreseeable Future, Says Goldman Sachs Forecast

The prices of essential resources used to manufacture electric vehicle batteries will remain under severe pressure for at least the next 12 months, according to a forecast by U.S. investment bank Goldman Sachs. A combination of factors is contributing to the ...

China and the Indonesia Nickel Trade: Measuring the True Labor and Environmental Cost

A lot of EV consumers bought new battery-powered cars in the hope it would be better for the environment than a vehicle with a conventional internal combustion engine that runs on fossil fuels. By some measures, that's no doubt true.

China is Taking Advantage of Rock Bottom Cobalt Prices to Stockpile Huge Quantities of the Blue Metal

The Chinese government is leveraging a 40% plunge in the price of cobalt to further bolster its national strategic reserve of the blue metal used in advanced electronics and electric vehicle batteries. UK-based cobalt trading house Darton Commodities recorded a massive ...

U.S. Tries Again to Secure China-Free Critical Resources Supply From the DR Congo

For the second time in two years, the United States signed an agreement with the Democratic Republic of the Congo in a bid to secure reliable supplies of critical resources free of any Chinese entanglements. The U.S. on Monday announced it ...

WEEK IN REVIEW: Kenya to Overhaul China Policy & Chinese Infrastructure in the DRC

Kenya has a new envoy to China, Willy Bett, who formally presented his credentials to President Xi Jinping this week. Among Ambassador Bett's first tasks will be to follow up on Cabinet Secretary for Foreign Affairs Musalia Mudavadi's promise to craft ...

DRC Ex-Prez Gets PhD Focusing on China

A PhD dissertation by Joseph Kabila, the former president of the Democratic Republic of the Congo, has been approved by South Africa’s University of Johannesburg. Kabila was a key architect of the controversial Sicomines deal. His dissertation title is "Geopolitical Turn: USA-China-Russia Rivalry and Implications for ...

Details Of Revamped China-Congo Mining Deal Emerge

Democratic Republic of Congo President Felix Tshisekedi surprised many late last week with an announcement that the controversial Sicomines deal has been successfully renegotiated. Tshisekedi had made reworking the controversial resource-for-infrastructure deal with a Chinese consortium that included firms like Sinohydro and ...

Tshisekedi Says Restructured Chinese Mining Deal Will Pave the Way for $7 Billion in New Infrastructure

Félix Tshisekedi was sworn in this weekend for a second five-year term following a landslide victory in December in an election that many of his opponents say was stolen. The president took the oath of office on Saturday before a packed ...

WEEK IN REVIEW: Chinese Mining Giant CMOC Surpassed Swiss Rival Glencore to Become Largest Cobalt Producer in DRC

Chinese mining giant CMOC surpassed its Swiss rival Glencore to become the largest cobalt producer in the DR Congo. The Chinese company boosted production from its Congolese mines in 2023 by 170%. The production surge helped to depress cobalt prices that slumped 30% last year: (BLOOMBERG) ...

Q&A: How Will Tshisekedi’s Re-Election Impact Chinese Mining Interests in the DR Congo?

The incumbent Congolese President Félix Tshisekedi won a landslide re-election at the end of last year that was validated this week by the country's Constitutional Court despite accusations of voting irregularities by both opposition parties and foreign election observers. Also this ...

China-Africa Relations in 2024: Insights From Six Experts

China's engagement in Africa is at a critical inflection point where many of the various stakeholders in this important relationship are re-evaluating what they want from the other. In this special episode, we speak with ...

China Acknowledges DRC Election Results

The Chinese Foreign Ministry on Wednesday formally expressed support for the results of the Democratic Republic of Congo’s recent election. This follows the Congolese Constitutional Court’s certification of the controversial poll. The court this week found that Felix Tshisekedi’s 73.5% landslide was ...
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