China’s Tibet Summit Resources and its partner NextView Capital will buy Canadian lithium producer Lithium X for $206 million, in a move that appears to be part of a wider Chinese strategy to secure access to raw materials for the world’s largest electric car market, the Financial Times reports. Lithium X will be delisted from […]
Category: Commodities
Donald Trump is putting pressure on China to cut off oil exports to Pyongyang, as part of a stepped-up campaign to convince North Korean dictator Kim Jong Un to abandon his nuclear and ballistic missile programs. Rex Tillerson, US secretary of state, and HR McMaster, national security adviser, on Tuesday said the Trump administration wanted […]
Gas shortages are spreading to industrial sectors in southern and western China after authorities in Beijing diverted the fuel to the north to resolve a shortfall caused by a botched effort to cut coal use. Chemicals producers in Sichuan and Chongqing, in China’s southwest, have been ordered to shut or curtail production until March, heightening […]
One of China’s biggest state-owned oil companies is suing its Venezuelan counterpart in a US court, in a sign that Beijing’s patience over unpaid debts is running out as the Caribbean nation falls deeper into economic and social chaos. A US subsidiary of Sinopec is suing PDVSA, the Venezuelan state oil company, for $23.7m plus […]
China’s top economic planner is moving to rein in natural gas prices, as the country experiences a fuel shortage amid a national campaign to replace coal with cleaner energy. Liquefied natural gas (LNG) suppliers shouldn’t stockpile fuel to boost prices or collude to fix prices, the National Development and Reform Commission (NDRC) told its 11 […]