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Cobalt Prices Plunge to Eight-Year Low Amid Chinese Supply Surge
The price of cobalt, a critical metal used to manufacture electric vehicle batteries, has sunk to an eight-year low in Chinese trading. Analysts say the downturn is due to a combination of increased Chinese output of the blue metal and slumping demand for cobalt-powered batteries.
Developing Countries That Export Critical Resources Could be Collateral Damage in the U.S.-China Trade War
The $18 billion of Chinese products targeted by the U.S. for increased tariffs will not have a measurable impact on a trade relationship worth more than $600 billion annually. But that's not the case for the Democratic Republic of the Congo, ...
Chinese Nickel Miners in Indonesia Are Becoming Very Anxious About Falling Prices
The year-long slump in nickel prices is endangering the economic viability of some of the many Chinese mining companies in Indonesia that dominate the sector. Chinese-owned mines account for 60-70% of all investment in Indonesia's nickel mining business, which is significant ...
China Limits Exports of Graphite to Counter U.S. Technology Restrictions
The Chinese government announced it will soon restrict the export of three grades of graphite, a key ingredient in EV batteries and nuclear power plants, in retaliation for U.S.-led restrictions on technology sales to Chinese companies. China's Ministry of Commerce ...
Japanese Minister’s Africa Tour Riles China as Tokyo Looks to Build Its Own EV Battery Metal Supply Chain
Japan's Economy and Industry Minister Nishimura Yasutoshi arrived in Namibia on Sunday for the first leg of a five-nation Africa tour that focuses specifically on securing new supplies of critical resources needed to power electric vehicles. Nishimura will also visit Angola, the DR ...
Chinese Battery Major Gotion Poised to Build Africa’s First Gigafactory in Morocco
The Sino-German electric vehicle battery major Gotion High-Tech is planning to build a massive new factory in Morocco that would produce electric car batteries and energy storage systems. The company signed an MOU with the Moroccan government last week in Rabat for a ...
Battery Metals Revealing the Limits of U.S. Pressure?
The meeting between Chinese President Xi Jinping and his Indonesian counterpart Joko Widodo is currently dominating China-Global South conversations. This isn’t because anything particularly notable emerged from their discussion. Rather, the very blandness of the meeting seems to signal a possible normalization of Chinese outward engagement, which ...
Chinese EV Giant BYD Looks for Lithium in Africa and Expands Dealer Network in Brazil
Two big stories this week about the Chinese electric vehicle giant BYD: BATTERIES: Rather than buy lithium, a key ingredient in EV batteries, on the open market and face steadily rising prices, the company instead will buy six of its own mines ...
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 ...
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 ...