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The electric battery industry is hugely reliant on raw materials, or completed batteries, sourced from China and other Asian nations
The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"
Stellantis and CATL have a preliminary agreement on producing lithium iron phosphate (LFP) batteries for the automaker's EVs in Europe
India and China are expected to oppose the move to block private funding for coal-fired power plants. Both claim their citizens still need more energy from fossil fuel sources.
All other members back US push for economies to boost opportunities for disadvantaged groups and incorporate clean energy and carbon-emission reduction goals in their trade policies
Asian markets were mixed on Tuesday, with stocks in China flat, while shares in Japan, Korea, Malaysia and Australia rose
Beijing's bid to upgrade manufacturing of high-tech goods like chips, solar panels, lithium batteries and EVs has led to concern the world will be flooded with an excess of such products
US lithium miner will meet investors in Allkem Australian in coming days ahead of vote on $10.6-billion merger next month
The world's most polluted city has also imposed curbs on vehicle use from next week, and has appealed to neighbouring states to halt crop burning
The two automaker groups joined the startup’s latest $33 million funding round as it works to develop permanent magnets built without rare earths
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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.
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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
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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
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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
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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.
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