China’s current raw material inventory situation reflects both the country’s cautious approach to ensuring supply security and the impact of its economic challenges. The country has seen a dramatic increase in coal inventories, which surged to a record 635 million tons by mid-2024, up from under 90 million tons in late…

Ghana has signed an agreement with U.S. developer Regnum Technology Group to deploy a NuScale VOYGR-12 small modular reactor (SMR), marking the country’s first venture into nuclear power. The agreement was finalized at a U.S.-Africa nuclear energy summit in Nairobi. SMRs, which are smaller and factory-built…

U.S. nuclear firm Westinghouse announced that China has approved the construction of four new AP1000 nuclear reactors for two separate power projects. China’s State Council granted permission to build two reactors for the Bailong nuclear power project, owned by the State Power Investment Corp in Guangxi province…

The UK government has unveiled a subsidy scheme worth up to £5.5 billion ($7.2 billion) to support the development of the Sizewell C nuclear plant, which is being constructed by France’s EDF in southeast England. This is part of Britain’s broader strategy to achieve its climate targets and enhance energy security by replacing…

Sinochem, a Chinese state-backed oil and chemicals company, is considering selling its 40% stake in a U.S. shale joint venture with Exxon Mobil, valued at over $2 billion. The joint venture, known as the Wolfcamp JV, is located in the Permian Basin of Texas, a major area for U.S. shale oil production. Sinochem has hired…

China’s manufacturing sector saw a further decline in August, with the Purchasing Managers’ Index (PMI) falling to a six-month low of 49.1, down from 49.4 in July, as factory gate prices dropped and manufacturers struggled to secure orders. This marks the sixth consecutive decline in the PMI and the fourth month below…

The US State Department assured African governments that the US will continue supporting infrastructure development initiatives in Africa, such as the Lobito corridor railway project, even if there is a change in the administration. The Lobito corridor project, which connects copper and cobalt mines in the Democratic Republic…

Chinese electrolyser manufacturer Hygreen Energy announced plans to invest 2 billion euros ($2.2 billion) in a green hydrogen plant in Andalusia, a southern region of Spain. This investment is part of a broader series of agreements that include a partnership with Spanish company Coxabengoa to develop and manufacture…