The bull market for battery metals—cobalt, lithium and nickel—is over, with their prices expected to drop over the next two years despite rising demand for electric vehicles (EVs), according to Goldman Sachs, reports the South China Morning Post. The US bank’s analysts forecast that there will be a huge surplus of the three metals over […]
Category: Commodities
China has pledged to distribute another RMB 10 billion ($1.5 billion) in subsidies to grain farmers, to help bring down the soaring cost of production as part of the government’s latest attempt to manage the impact of rising commodity prices, reports the South China Morning Post. The one-off subsidies aim to support summer harvest and […]
Cameroon’s government has signed a $675.96 million high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient, reports Reuters. Sinosteel Cam S.A., the Cameroonian subsidiary of the state-owned Chinese miner, will develop the Lobe iron ore mine in the central African nation, helping China […]
Beijing has expanded the number of accredited seed breeders in the hopes of increasing China’s national foot output, as the nation reaches for self-sufficiency to defend against rising geopolitical uncertainty, reports the South China Morning Post. For the first time since 2013, China has enlarged its list of state-sponsored seed breeding and production bases, adding […]
One of China’s biggest producers of raw materials for solar panels, GCL Technology, is expected to expand its business into the manufacture of polysilicon for use in the solar-energy and electronics industries, reports the South China Morning Post. The Hong Kong-listed firm, formerly known as GCL-Poly Energy, signed a framework agreement with semiconductor display and […]