Tag: Metals and Minerals

The U.S. Needs Minerals for Electric Cars. Everyone Else Wants Them Too.

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For decades, a group of the world’s biggest oil producers has held huge sway over the American economy and the popularity of U.S. presidents through its control of the global oil supply, with decisions by the Organization of the Petroleum Exporting Countries determining what U.S. consumers pay at the pump. As the world shifts to cleaner sources of energy, control over the materials needed to power that transition is still up for grabs. China currently dominates global processing of the critical minerals that are now in high demand to make…

Can the World Make an Electric Car Battery Without China?

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It is one of the defining competitions of our age: The countries that can make batteries for electric cars will reap decades of economic and geopolitical advantages. The only winner so far is China. Despite billions in Western investment, China is so far ahead — mining rare minerals, training engineers and building huge factories — that the rest of the world may take decades to catch up. Even by 2030, China will make more than twice as many batteries as every other country combined, according to estimates from Benchmark Minerals,…

Mysterious Killing of Chinese Gold Miners Puts New Pressure on Beijing

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The Chinese embassy in the Central African Republic had a stark warning for its compatriots in the landlocked nation: Do not leave the capital city of Bangui. Kidnappings of foreigners were on the rise, and any Chinese person outside of Bangui was to leave those areas immediately. Less than a week later, on March 19, a group of gunmen stormed a remote gold mine far away from Bangui and killed nine Chinese workers. The Central African government has said that it investigated the massacre and concluded that a leading rebel group had…

Falling Lithium Prices Are Making Electric Cars More Affordable

Chin@Strategy

Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called white gold. But something surprising has happened recently: The metal’s price has fallen, helping to make electric vehicles more affordable. Since January, the price of lithium has dropped by nearly 20 percent, according to Benchmark Minerals, even as sales of electric vehicles have soared. Cobalt, another important battery material, has fallen by more than half. Copper, essential to electric motors and batteries, has slipped by about 18 percent, even though U.S. mines…

Global Car Supply Chains Entangled With Abuses in Xinjiang, Report Says

Chin@Strategy

Many of those suppliers run through China, which has become increasingly vital to the global auto industry and the United States, the destination for about a quarter of the auto parts that China exports annually. Xinjiang is home to a variety of industries, but its ample coal reserves and lax environmental regulations have made it a prominent location for energy-intensive materials processing, like smelting metal, the report says. Chinese supply chains are complicated and opaque, which can make it difficult to trace certain individual products from Xinjiang to the United…