China posted robust commodities imports in May, defying stutters in the wider economy, as buyers took advantage of weaker international prices and energy importers stocked up ahead of peak demand in the summer. Traders may also be anticipating that Beijing will soon ramp up stimulus to revive growth. Unless demand lifts significantly, much of the […]
Europe’s green transition will be impossible without China, the Dutch trade minister has warned, as the EU tries to untangle some of its economic dependence on the Asian powerhouse. Western economies face the dilemma of reducing their reliance on Chinese supply chains while overseeing a rise in domestic demand for clean technology such as solar […]
Alfa Bridge Africa Sarl, the newest business office of Alfa Bridge Limited based in Dakar, Senegal, has recently achieved significant success in the commodity trading industry. The company has successfully started procurement of Urea N46% manufactured by the state-owned company PETROVIETNAM and loaded its first containers at the port in Ho Chin Minh on April […]
China is likely to overtake Japan as the world’s top car exporter this year, with industry executives predicting shipments of up to 4.5 million units, on the back of the growing manufacturing and technological heft of the nation’s electric-vehicle makers. At the Shanghai Auto Show that started on Tuesday, more than a dozen leading domestic carmakers, including SAIC Motor, […]
April 25 (Reuters) – An agreement on royalties between Congo’s state miner and China’s CMOC (603993.SS) has been reached, paving the way for the resumption of minerals exports from the world’s second largest cobalt mine, Congo’s finance minister said late on Monday. Copper and cobalt exports from Tenke Fungurume Mining (TFM) were suspended in July after an escalation in […]
The settlement of Uis in a remote part of Namibia seems an unlikely hotspot for a mineral cold war over the future of electric vehicles. Uis lies in the arid hills of Erongo, a large and sparsely populated province of the south-west African country. For decades the only signs of its mineral wealth were the […]
LAUNCESTON, Australia, March 7 (Reuters) – China’s imports of major commodities showed both the potential for an acceleration this year and the reality that economic momentum takes time to build. Official customs data from the world’s biggest commodity importer showed a mixed picture for the first two months of 2023, with strength in iron ore […]
Chinese stocks in Hong Kong have posted their best week in more than seven years, amid rumours that the country could begin reopening to the rest of the world early next year and reports that US regulators had completed a review of Chinese audit papers earlier than expected. Hong Kong’s Hang Seng China Enterprises index […]
China dominates clean energy supply chains and has enough manufacturing capacity to meet global demand for most of the solar market to 2030. But as the US and Europe decarbonize their economies, Western governments are seeking to meet their own needs with new, local facilities capable of producing photovoltaic panels and storage. It won’t be easy or cheap. […]
What is happening with China’s power supply? Since mid-July, China’s electricity load has spiked due to demand for air-conditioning during the peak summer season. In July, electricity consumption rose by 6.3 per cent year on year, with residential consumption jumping 26.8 per cent, according to the National Energy Administration. A total of 19 provincial power […]
