Tag: strategic minerals
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Veteran China Journalist Warns That China is Looking to Eventually Replace Australian Iron Ore With Suppliers in Brazil and Africa
There's been widespread speculation over the past year that China wants to develop new iron ore supply chains in Africa so it can stop buying from Australia in response to steadily worsening ties between the two countries. While there've been indications ...
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 ...
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 ...
Two Events in China and the DR Congo Illustrate Why the Race for Cobalt Supplies is So Important
Soaring demand for electric cars and trucks is sparking a buying frenzy for the critical ingredients used to make the batteries in those vehicles, namely cobalt. Prices for the metal are up 65% this year alone, the highest since 2018, at $53,000 a ton. ...
Despite Lots of M&A Activity in the Cobalt Mining Sector, Chinese Imports of the Precious Metal Fell Sharply in 2020
Chinese cobalt imports fell 41.8% last year compared to the volumes shipped from the DRC in 2019, according to the mining news website Argus Media. The lockdowns in response to COVID-19 at the mines in the DRC and at South African ports, from where the precious metal ...
Cobalt Prices Slump Even as China Ramps Up Imports and the U.S. Declares National Emergency Over Critical Materials Supply Chains
Neither China's recent cobalt buying binge nor a declaration of a state of emergency by U.S. President Donald Trump about securing the supply chains for strategic minerals, including cobalt, have been enough to boost the price of the chemical element, which is used to make batteries for ...