By Amy Lv and Lewis Jackson BEIJING (Reuters) -Chinese lithium producer Qinghai Salt Lake said on Thursday that compliance investigations in Qinghai province into mining licences for the metal used in making electric vehicle batteries are part of a new trend of stricter supervision in the sector. The investigations into mining licenses are part of …
Chinese lithium miner says industry under stricter supervision Read More »
VLADIVOSTOK, Russia (Reuters) -Russia’s largest oil producer Rosneft has secured an additional deal on supply of 2.5 million metric tons of oil per year to China via Kazakhstan, Interfax news agency quoted Russian Energy Minister Sergei Tsivilev as saying on Thursday. Russia has deepened trade and political ties with China following the rift with the …
By Cynthia Kim and Yena Park SEOUL (Reuters) -South Korea’s pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a case-by-case basis, the country’s vice finance minister said. Under a trade deal struck …
By Sam Li and Colleen Howe BEIJING (Reuters) -At a sprawling complex in northwestern China opened in March, Ningxia Baofeng Energy can convert millions of tons of coal annually into chemicals to make plastics, part of a growing industry found almost nowhere else. The 48 billion yuan ($6.7 billion) plant is the latest in a …
Chinese alchemy: Cheap fuel powers coal-to-gas and chemicals boom Read More »
By Jeff Mason and Andrea Shalal WASHINGTON (Reuters) -President Donald Trump said on Wednesday the U.S. might have to “unwind” trade deals it reached with the European Union, Japan and South Korea, among others, if it loses a Supreme Court tariffs case, and warned that a loss would cause the U.S. “to suffer so greatly.” …
BEIJING (Reuters) -China will impose tariffs of up to 78.2% on certain U.S. optical fibre imports from September 4, the commerce ministry said in a statement a few minutes before midnight on Wednesday, accusing American producers of skirting anti-dumping measures. The levies cover a type known as cut-off shifted single-mode optical fibre, the ministry said, …
China to impose tariffs on some types of US single-mode optical fibre Read More »
By Manuela Andreoni and Luciana Magalhaes SAO PAULO (Reuters) -Brazil has emerged as the third-biggest destination for Chinese investments in the world, a study showed, with dozens of projects across several sectors attracting $4.2 billion last year, as the two countries tightened diplomatic ties. The study by the Brazil-China Business Council (CEBC), a think tank, …
Chinese investment doubles in Brazil, jumping to No. 3 destination Read More »
SHANGHAI (Reuters) -Chinese AI chipmaker Cambricon Technologies slipped in morning trade on Thursday, as investors booked profits after a meteoric August rally fuelled concerns of rebalancing by index-tracking funds. Often seen as China’s answer to U.S. AI darling Nvidia, Cambricon declined around 12% on the day and looked set to mark its steepest intraday percentage …
Shares of Chinese AI chipmaker Cambricon tumble on profit-booking Read More »
JAKARTA (Reuters) -Indonesia’s central bank said it had agreed on a “burden sharing” arrangement with the government where it will raise the interest rates it pays on government deposits as a way to help the government fund its programmes. In a statement on Thursday, Bank Indonesia spokesperson Ramdan Denny Prakoso said the arrangement was intended …
Bank Indonesia to raise interest paid on government deposits under ‘burden sharing’ deal Read More »
SEOUL (Reuters) -South Korea’s SK On said on Thursday it has signed a deal with U.S.-based Flatiron Energy Development to supply lithium iron phosphate (LFP) batteries for energy storage systems (ESS). SK On, which supplies automakers including Hyundai Motor, Kia Corp and Ford Motor, said it will supply up to 7.2 gigawatt hours (GWh) of …
South Korea’s SK On signs energy storage battery supply deal with Flatiron Energy Read More »
