Tag: Glencore
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U.S. Struggling to De-Risk Congo’s ‘War Zone Minerals’ Even After Pact, Sources Say
By Maxwell Akalaare Adombila and Ange Kasongo The U.S. has made progress in its push to prise Congo's strategic minerals from China's orbit, but conflict, contested licences and compliance demands are still slowing Washington's advance into a region its rival
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China Slowdown Hits Rio Tinto Earnings Despite Revenue Gains
Mining giant Rio Tinto's net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy, company results showed Thursday. The British-Australian firm said the results "demonstrate clear progress as we embed our ...
Congo Says It Would Seek Other Partners if U.S. Minerals Framework Fails
The Democratic Republic of Congo will look for other partners if its minerals cooperation framework with the U.S. does not lead to concrete projects, the country's mines minister said. "Everything we have done with America is a framework under which we will discuss ...
Glencore Weighs Sale of One of DRC’s Largest Cobalt Mines, Reviving U.S.–China Rivalry Over Critical Minerals
The Swiss mining giant Glencore is reportedly talking with prospective buyers for its 75% stake in the Kamoto Copper Company (KCC) in the Democratic Republic of the Congo, one of the company's flagship assets that is also one of the world's largest producers of cobalt. ...
WEEK IN REVIEW: Bessent: U.S. “Happy” With Current Tariffs on China
U.S. Treasury Secretary Scott Bessent said his government is “very happy” with the current level of tariffs on China. The comments show that the Trump administration would like to maintain stability with Beijing, at least until the current trade truce expires in November. “I think right now the ...
A child shakes hands with a robot during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 28, 2025. (Photo by Hector RETAMAL / AFP)
By Laurie Chen China's scramble to adopt artificial intelligence will spawn new jobs and propel the world's second-largest economy, say policymakers and company executives, as they play down growing global fears that the technology could stunt employment. Plans unveiled ...
U.S. Struggling to De-Risk Congo’s ‘War Zone Minerals’ Even After Pact, Sources Say
By Maxwell Akalaare Adombila and Ange Kasongo The U.S. has made progress in its push to prise Congo's strategic minerals from China's orbit, but conflict, contested licences and compliance demands are still slowing Washington's advance into a region its rival
China Slowdown Hits Rio Tinto Earnings Despite Revenue Gains
Mining giant Rio Tinto's net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy, company results showed Thursday. The British-Australian firm said the results "demonstrate clear progress as we embed our ...
Congo Says It Would Seek Other Partners if U.S. Minerals Framework Fails
The Democratic Republic of Congo will look for other partners if its minerals cooperation framework with the U.S. does not lead to concrete projects, the country's mines minister said. "Everything we have done with America is a framework under which we will discuss ...
Glencore Weighs Sale of One of DRC’s Largest Cobalt Mines, Reviving U.S.–China Rivalry Over Critical Minerals
The Swiss mining giant Glencore is reportedly talking with prospective buyers for its 75% stake in the Kamoto Copper Company (KCC) in the Democratic Republic of the Congo, one of the company's flagship assets that is also one of the world's largest producers of cobalt. ...
WEEK IN REVIEW: Bessent: U.S. “Happy” With Current Tariffs on China
U.S. Treasury Secretary Scott Bessent said his government is “very happy” with the current level of tariffs on China. The comments show that the Trump administration would like to maintain stability with Beijing, at least until the current trade truce expires in November. “I think right now the ...
China-Africa Critical Minerals Update: Clean Up in Zambia, Disputes in the DR Congo
In Zambia, efforts to clean up a massive acid spill from a Chinese-owned mine have been met with skepticism, despite government assurances. Officials claim restitution is underway and rehabilitation plans are in place, but activists question the fairness of compensation and ...
China’s CMOC Group and Glencore Differ Over DR Congo’s Cobalt Export Ban
The Democratic Republic of Congo, the world’s leading producer of cobalt, has imposed a four-month ban on cobalt exports in an effort to curb market oversupply and stabilize falling prices. But the move has ignited a conflict between two of the country’s largest mining companies: China’s CMOC ...
Even CMOC is Now Worried About the Rock Bottom Price of Cobalt
For much of the past two years, Chinese mining giant CMOC Group Ltd. has been producing vast quantities of cobalt from its enormous mines in the Democratic Republic of the Congo. The company's producing so much of the blue metal that it ...
U.S.-China Competition for Africa’s Critical Resources
China maintains a massive lead over the U.S. and other G7 countries in both mining and refining capacity in Africa, a key vulnerability that policymakers in the U.S., Europe, and elsewhere say they're determined to rectify.
With Prices Low, China Moves Quickly to Secure Supplies of Critical Metals
The year-long plunge in the prices of critical materials used to manufacture electric vehicle batteries, namely nickel, cobalt, and lithium, is destroying the bottom lines of Western mining companies. Mining companies in Australia, Canada, and several European countries are laying off ...
U.S. Lawmakers Weigh Sanctions, Criminal Charges Against Chinese Companies Over Child Cobalt Mining in DR Congo
U.S. legislators are proposing much stricter measures to counter China's dominance of the cobalt supply chain, including sanctions that would restrict the import of any cobalt mined by Chinese companies in the DR Congo. The proposed law by New Jersey ...
Cobalt: Why This Chart Can Spark Both Fear and Happiness
If you're the Chief Financial Officer of an automaker like the Ford Motor Company that loses money on every single electric vehicle it sells, the fact that this chart lists the price of cobalt at around $17 will make you smile. ...