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Awkward Timing as Italy Withdraws from BRI

Italy has announced its formal withdrawal from the Belt and Road Initiative after joining the China-centered infrastructure and investment project in 2019. The timing of the announcement that Rome won't renew its BRI commitment is notable. It came only a day before the ...

Four Key Trends in Battery Metals

Amid heightened demand for green technology, prices for critical minerals should be going up, up, up, right? In reality, prices have proven volatile. Even as demand keeps rising, new supply sources are coming online, potentially driving down prices. In addition, geopolitical ...

EU’s Global Gateway Moves Forward on DRC-Angola Corridor in Bid to Counter China

The European Union and the United States will launch the early stages of a logistics corridor linking the Democratic Republic of Congo and Zambia to an export facility in Angola. This was one of the key announcements on the second day of ...

EU’s Global Gateway Forum Aims to Take On China’s Belt and Road

Wednesday and Thursday will see leaders from twenty countries gathering in Brussels for the Global Gateway Forum, the newest step in the EU’s global infrastructure scheme. The forum comes a week after China’s Belt and Road Forum, which gathered representatives from about 130 countries. ...

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 ...

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 ...

$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 ...

Vietnamese EV-Brand VinFast Hopes Possible EU Sanctions Against Chinese Electric Cars Will Give It an Opening

Vietnamese electric vehicle company Vinfast plans to ship its first batch of 3,000 VF8 crossovers to Europe later this year and the upstart EV brand may even get an assist from European Union trade authorities. Earlier this month, the European Commission ...

BRI Isn’t Intended to Undermine the West, Says China’s EU Ambassador

Fu Cong, the Chinese ambassador to the European Union in Brussels, challenged the widely-held perception in Brussels and other Western capitals that the Belt and Road Initiative aims to undermine U.S. and European influence around the world. If that was the ...
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