Nevada Lithium Mine Approved by US Regulators

The U.S. Bureau of Land Management gave approval to Lithium America’s Thacker Pass lithium mine in Nevada. US policymakers were trying to boost domestic production of lithium, which is used for electric vehicle batteries.

The Vancouver-based Lithium America is searching for financing for the project, and plans to begin production in the mine by October 2022. The approval comes at the last days of US President Trump. The former administration has been approving a number of mining projects.

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U.S. to Go Forward with $6 Billion Abrams Tanks Sale to Poland

The U.S. State Department approved the sale of 250 M1 Abrams tanks and other defense equipment to Poland. The deal will be worth around $6 billion. Poland and the U.S. had been in talks since last summer for a potential purchase as tensions in Eastern Europe continue to escalate over Russian aggression against Ukraine. 

Blinken Begins Africa Trip as U.S. Pursues Greater Influence Over the Continent

U.S. Secretary of State Blinken began on Sunday his Africa trip, which will see him visit three sub-Saharan Africa countries: South Africa, the Democratic Republic of the Congo (DRC) and Rwanda until Aug. 12. Blinken aims to build on his visit of last November and build closer ties between the United States and the African nations, at a time when adversaries China and Russia also accelerate efforts to exert influence over the continent.  

China Crackdown on Finance Keeping Unabated

Xi Jinping’s corruption crackdown on China’s growing financial sector is accelerating. It now reached the upper levels at some of China’s premier institutions and creating further concerns for investors that have to fight more and more headwinds for the world’s second largest economy.

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