Tag: electric vehicles
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Chinese EV Battery Makers Push New Cobalt-Free Power Packs
Two seemingly contradictory trends are underway in China's electric vehicle battery market. On the one hand, there's a greater push to import ever-larger quantities of cobalt from the Democratic Republic of the Congo. At the same time, there are also rapid moves to develop ...
Q&A: Why Now? The Domestic Politics Driving the DRC’s Review of Chinese Mining Contracts
Congolese President Félix Tshisekedi is fulfilling the promise he made last May to investigate foreign mining contracts to ensure they are fair and equitable. While the President did not single out the Chinese specifically, they're no doubt going to be disproportionately impacted given their outsized role in ...
China’s EV Battery Industry Headed in Two Seemingly Opposite Directions
Chinese chemicals manufacturer Jiangsu Lopal Tech announced a new joint venture with a Chinese fertiliser company to build a new factory to manufacture materials for use in lithium iron phosphate (LFP) batteries that are used to power electric cars. When fully operational, the new plant ...
Analysts: Chinese Consolidation in the Cobalt Sector Not Likely to Impact Prices
The Chinese cobalt and copper mining giant China Molybdenum's recently announced plans to invest $2.5 billion in its already massive Tenke Fungurume Mining (photo) in the Democratic Republic of the Congo prompted new concerns that heightened Chinese control over the cobalt sector would push up prices of the ...
Automakers Keen to Reduce Reliance on Cobalt-Powered EV Batteries
Rumors are buzzing within the Chinese auto industry that Tesla is trying for the first time to produce a car without a cobalt-powered battery. Tesla is reportedly considering the use of Chinese EV giant BYD's LFP (Lithium iron phosphate) Blade battery. ...
Record EV Sales in China Pushes Up the Price of Cobalt and Other Battery Materials
Chinese car buyers are snapping up electric-powered vehicles in record numbers. In the first half of the year alone, automakers sold 1.2 million new energy vehicles and almost a quarter of a million in June alone.
When It Comes To Mining, Africa and Australia Are the Primary Sources of Key Minerals and Metals for China
China may be trying to transition to a services-led high technology economy that doesn't rely as much on manufacturing but that shift will take years. In the meantime, Chinese factories still need to rely on vast amounts of minerals, metals, and other mining products to bolster their ...
White House Issues Report On How to Disentangle Critical Materials Supply Chains From China, Just as Apple is Reportedly in Talks With Chinese Battery Makers
Securing reliable supplies of cobalt and other strategic materials from places like the Democratic Republic of the Congo featured prominently in a new White House report that aims to counter China's dominance in this area. The timing of the report, however, comes just as Apple is reported ...
In What Could Be Bad News From the DR Congo, the Cobalt-Free EV Battery May Happen Much Sooner Than We Thought
The world's leading automakers are making much faster progress than anticipated in moving away from electric vehicle batteries that contain cobalt. VW, Tesla, and the Chinese EV giant BYD (the world's second-largest EV maker) have all either developed new cobalt-free batteries or are in late-stage development.
China’s Role in the Complex, Brutal History of Cobalt Mining in the DR Congo
The New Yorker magazine published a sweeping long-form article in its latest edition that delves into the painful history of Congolese cobalt -- a metal that is now indispensable for any consumer who owns a mobile phone and a strategic resource that is in the ...
China Controls 90% of the World’s Manganese Market, Another Strategic Ingredient for Electric Vehicle Batteries
Governments and automakers in the U.S., Europe and Asia have become steadily concerned in recent years over China's dominance of the strategic minerals and metals supply chains that are used to manufacture batteries for electric vehicles. Their primary concern ...
“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 ...