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  • Political turmoil deepens crisis for New Caledonia’s nickel sector

    New Caledonia’s nickel processing industry is currently facing a severe crisis as a result of ongoing unrest in the territory, which has significantly disrupted operations across major facilities. The unrest, sparked by electoral reform issues in the French-controlled territory, has exacerbated an already precarious situation for…

    June 13, 2024
  • Zambia plans new entity to enhance mineral revenue management

    Zambia has announced plans to establish a new entity dedicated to investment and trading in minerals, aimed at maximizing the country’s earnings from its abundant natural resources. As Africa’s second-largest producer of copper, Zambia currently manages several mining assets through ZCCM Investment Holdings…

    June 13, 2024
  • Chinese solar manufacturers seek state aid to stem overcapacity

    Chinese solar panel manufacturers are urgently seeking government intervention to address the current crisis of overcapacity and plummeting prices in the industry. Despite China’s dominance in global solar module production, accounting for approximately 80% of capacity, the sector is grappling with a severe downturn…

    June 13, 2024
  • Orsted chooses Tesla megapack for energy storage at British offshore wind farm

    Orsted, the renewable energy group, will install a Tesla Megapack battery storage system at Britain’s Hornsea 3 offshore wind farm, the company announced on Wednesday. As renewable energy production increases, energy storage systems like Tesla’s Megapack become crucial to balance supply and demand, especially…

    June 13, 2024
  • Saudi Arabia’s PIF to invest $15 billion in Brazil’s green energy and infrastructure

    Saudi Arabia’s Public Investment Fund (PIF) plans to invest approximately $15 billion in Brazil, focusing on sectors such as green hydrogen, infrastructure, and renewable energy, as announced by Brazil’s Minister for Energy, Alexandre Silveira, during an event in Rio de Janeiro. The investment plans were discussed during…

    June 13, 2024
  • Qatar-Saudi business relations surge after Mohammed bin Salman’s 2021 visit

    Prince Mohammed’s visit to Qatar in 2021 not only helped resolve a three-year-long political dispute but also sparked a significant rise in Qatar-Saudi business ties that have continued to grow. During his visit, the Saudi prince toured several major infrastructure projects in Qatar, such as a new expressway, a futuristic metro system…

    June 13, 2024
  • Airbus navigates trade turbulence as EU slaps tariffs on Chinese EVs

    Airbus, the world’s largest jetmaker, has highlighted the impact of escalating trade tensions after the European Commission’s decision to impose additional duties of up to 38.1% on Chinese electric vehicles. Although Airbus did not comment directly on the new tariffs, a spokesperson acknowledged that rising trade tensions…

    June 13, 2024
  • EU to impose up to 38.1% tariffs on Chinese EVs over subsidy concerns

    The European Commission has announced it will impose additional duties of up to 38.1% on imported Chinese electric vehicles (EVs) starting from July. This move is intended to counteract what the EU perceives as excessive subsidies given to Chinese manufacturers, which have allowed them to gain an unfair competitive…

    June 13, 2024

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