Latest: Energy News
Chinese carmaker is doing a study on building a factory in Mexico, which would export cheap EVs to the US; other plants are also opening or planned in Thailand, Hungary and Brazil
Japanese shares soared to a 34-year peak on Tuesday, rising 2.9% while stock markets in China were all closed again for the Lunar New Year holiday.
China and Indonesia account for 70% of global supplies of nickel, but producers in the countries have become unprofitable after the battery metal shed more than 80% of its price since last year
China has invited top car and battery makers to a new research body to try to develop a world-class battery, that bolsters its transition to electric and new energy vehicles
JSW, which has set up a joint venture with MG Motor India (owned by China's SAIC), said it has signed an MoU on setting up an electric vehicle and EV battery manufacturing plants in two cities
Duke Energy's change of course on the batteries could have supply chain implications – and a chilling effect on an energy storage market dominated by Chinese manufacturers
China's passenger vehicle sales also sank by 14% in a slow start for 2024, while in Japan Honda and Toyota both upgraded their earnings
Officials rush to respond to flood of cheap Chinese imports generated by years of subsidies, but the EU appears split on whether to impose trade barriers
A key topic of the US-China Economic Working Group's talks will be China's subsidies, which the US says encourage overproduction of goods with the potential to flood global markets
Industry sources said a merger or partnership deal would have been tricky, partly because rare earths prices have dropped sharply due to a slowdown in China's economy
In This Section
Recommended: Mining News
Recommended: New Energy News
Recommended: Oil & Gas News
AF TV: Energy Videos
Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
-
Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
-
Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
-
Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
-
Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
