Tag: electric vehicles
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Glencore’s CEO Warns Western Automakers About China’s Control of Congolese Cobalt
The CEO of the world's largest cobalt mining company issued a stern warning to U.S. and European automakers that they had better get their acts together to secure supplies of this precious metal or else risk becoming dependent on China for batteries to power their electric vehicles. ...
Chinese Automakers Are Making New Inroads Across Africa
Geely, China's largest independent automaker, launched its new Coolray SUV in Nigeria in what's become a big push by Chinese auto companies to expand their presence in Africa. The SUV category is especially popular, as evidenced by the strong performance in South ...
Commodity Supercycle Blues
The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments ...
The Stuff That Goes Into Making a Battery For Electric Vehicles is Getting a Lot More Expensive
Prices for the key commodities needed to produce electric vehicle batteries have been rallying all year on stronger demand for new energy vehicles. They spiked in recent days, following the U.S.-led summit on climate change that took place online last week. ...
The Road to a Clean Energy Future Runs Through the Democratic Republic of the Congo
The former President of the National Assembly of the Democratic Republic of Congo, Jeanine Mabunda Lioko, wrote an impassioned appeal for the world to recognize the important contribution that the DRC will make to the world as it moves into the post-carbon era, largely from the use of DRC-mined ...
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 ...
After Living in China For 6 Years, This Female Entrepreneur Returns Home to Launch Zimbabwe’s First All-Women-Owned E-Scooter Delivery Business
After spending years living and working in China as an English teacher at an international school. Elizabeth (last name withheld) returned to her native Zimbabwe inspired by China's prowess in logistics and widespread use of electric scooters. Now she's leveraging her ...
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 ...
Chinese EV Technology Powers New Green Bike and Bus Projects in East Africa
Two projects in East Africa highlight China's growing role in the region's electric transportation sector: KENYA: The Shenzhen Shenling Car Company Limited donated 49 electrified motorbikes for a new pilot project to replace gas-powered boda bodas (motorcycle taxis) in Nairobi.
With New Lockdowns in South Africa Threatening to Slow Cobalt Exports to China, Prices For the Strategically Important Metal Are Going Up
Investors are becoming increasingly worried that South Africa's recent decision to close 20 land ports will adversely impact the flow of cobalt from mines in the DR Congo to customers in China. President Cyril Ramaphosa on Monday announced a series of new lockdown measures in an effort ...