BEIJING, Nov 15 (Reuters) – China and the U.S. have agreed to back a global target to triple global renewable energy capacity by 2030, the two superpowers said in a statement on Wednesday, two weeks before nearly 200 countries meet for the COP28 climate conference. The two agreed to “accelerate the substitution for coal, oil […]
LONDON (AP) — When Laima Springe-Janssen was looking to replace her French-made gasoline-powered SUV with an electric car, she considered models from Volvo and Nissan. The Volvo extras she wanted would have busted her budget, while the Nissan lacked the “wow factor.” The Copenhagen, Denmark, resident ended up buying a compact SUV from China’s BYD. […]
A representative from China Power Engineering Consulting Group Co., Ltd. (CPECC) highlighted the Philippines’ significant potential in renewable energy (RE) during the Philippine Renewable Energy Forum 2023. CPECC General Manager Chen Jiping emphasized that the Philippines possesses substantial untapped wind and solar energy resources. The forum centered on advancements in cutting-edge technologies in the RE […]
China’s demand for many major commodities has been growing at “robust rates,” Goldman Sachs said in a recent note. The investment bank observed that China’s demand for copper has risen 8% year on year, while appetite for iron ore and oil are up by 7% and 6%, respectively, all beating Goldman’s full-year expectations. “This strength […]
The recent decision to admit Ethiopia and Egypt to the expanded Brics bloc of developing economies may help China expand its influence in two strategically important regions of Africa, analysts have said. The two countries are among the most populous in North Africa and the Horn of Africa and have historically close relations with Beijing. […]
LAUNCESTON, Australia, Aug 31 (Reuters) – China’s manufacturing activity turned in another soft performance in August, contracting for a fifth straight month, and adding to the view that the world’s second-largest economy is struggling to reignite growth. But while the economic data has been weak, China’s imports of most major commodities have been largely unaffected, […]
Designed to look like its lithium-ion cells, CATL’s headquarters towers over its surroundings in Ningde, eastern China. The group’s low-cost batteries, which power one in three electric vehicles worldwide, have made the coastal city a must-visit destination for any auto executive thinking about affordable next-generation cars. Its 18,000 research staff, along with an R&D budget […]
China is making a push to dominate the trading of lithium carbonate futures, as it seeks to wrest the financial plumbing linked to metals vital to the clean energy revolution away from the western dollar-based financial system. Last month the Guangzhou Futures Exchange became the fourth global commodities exchange to launch contracts tracking the price […]
The red-brown landscape of Tenke-Fungurume, one of the world’s largest copper and cobalt mines in the Democratic Republic of Congo, is covered by tens of thousands of dusty sacks. The bags stacked up by the roadside and piled next to buildings contain a stash of cobalt hydroxide powder equivalent to almost a tenth of the […]
Aug 2 (Reuters) – Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world’s two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple’s (AAPL.O) iPhone to Tesla’s […]
