Xi to attend BRICS Summit in South Africa next week

Chinese President Xi Jinping is set to attend the BRICS leaders’ meeting and visit South Africa from August 21 to 24. The BRICS summit brings together leaders from Brazil, Russia, India, China, and South Africa, aiming to discuss ways to enhance their collective influence on the global stage.

The BRICS countries collectively account for a quarter of the global economy and are seeking to challenge the dominance of Western powers in global affairs. The leaders’ meeting in Johannesburg will focus on expanding the group’s influence and potentially welcoming new members.

Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will attend the summit via a video call instead of being present in person.

Approximately 40 nations have expressed interest in joining BRICS, either formally or informally, with countries like Saudi Arabia, Argentina, and Egypt showing interest. China has been supportive of expansion as it aims to increase its global influence, while Russia is also in favor of expansion. However, Brazil is cautious about expansion, fearing that it could dilute the club’s standing. India’s stance on expansion remains uncertain.

In addition to participating in the BRICS meeting, President Xi will co-chair the China-Africa Leaders’ Dialogue with South African President Cyril Ramaphosa. This reflects China’s ongoing efforts to strengthen its relationships with African nations and promote its geopolitical influence in the region.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Volvo pioneers EV battery passport for enhanced supply chain transparency

Volvo Cars is set to introduce the world’s first EV battery passport with its flagship EX90 SUV, slated for production soon. This passport, developed in collaboration with UK startup Circulor, will document the origins of raw materials, components, recycled content, and the carbon footprint of the EV’s battery…

China’s zinc smelters eye exports as rare arbitrage window opens

China’s zinc industry is lining up to play swing supplier again. A rare, fat price spread has opened between London and Shanghai: LME cash zinc has flipped into a sharp backwardation (near-dated prices above futures), while SHFE zinc still trades near recent lows.

That two-speed tape reflects different fundamentals. Outside China, smelter output has been curtailed and visible stocks are thin, so spot buyers are scrambling. Inside China, refined production has kept climbing even as galvanizing demand sags with the property malaise.

Trump taps ocean floor in next phase of U.S.-China mineral rivalry

President Donald Trump’s executive order endorsing deep-sea mining marks a historic policy pivot, signaling the United States’ intent to tap the ocean floor for critical minerals—a move that could dramatically reshape both the global mining industry and geopolitical competition over resource security.

Signed on Thursday, the order instructs federal agencies to fast-track the development of deep-sea mineral extraction capabilities within U.S. territorial waters, international waters, and in partnership with friendly nations. The focus is on securing vital materials such as cobalt, nickel, and manganese—key inputs for renewable energy technologies, electric vehicles, advanced defense systems, and steel production.

Stay informed

error: Content is protected !!