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 […]
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 […]
TOKYO — China’s dominant position in refining and processing raw materials is making the nation a strong competitor in the global fight for mining assets, the International Energy Agency said on Tuesday, as governments and companies rush to diversify supply chains for critical minerals and stably meet demand for key clean technologies including renewables and […]
Wei Li is a lecturer in international business at the University of Sydney Business School. Although recent data from China’s powerhouse real estate and export sectors have not lived up to expectations, we should not lose sight of the bigger picture, as Beijing’s economic revival strategy for the world’s second-largest economy encompasses more than these […]
China has been pushing for membership in a high-level Asia-Pacific trade and investment pact and will step up efforts to attract foreign investment, according to the country’s top trade negotiator. Wang Shouwen, China’s vice-minister for commerce, said Beijing had researched more than 2,300 clauses and items in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership […]
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 […]
