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Commodity Supercycle Blues

The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments ...

Analysis from Cobus van Staden

Commodity Supercycle Blues

The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments to building infrastructure at home (and possibly abroad) will further boost demand for steel, with iron ore futures hitting record prices in Singapore this week.Where FT ...

Why African Energy Exporters Should Be Concerned About CNOOC’s Interest in a Massive Qatari Gas Deal

One of China's three major oil and gas companies, CNOOC, is reportedly interested in joining the world's largest natural gas project in Qatar. The company's CFO Xie Weizhi said CNOOC is exploring the option to invest in the $29 ...

What’s at Stake for China in Chad Following the Unexpected Death of President Idriss Deby?

News that Mahamat Kaka, son of late Chadian President Idriss Deby who was killed on Monday in fighting near the Libyan border, has been named interim leader will likely be well received at the headquarters of the China National Petroleum Corporation (CNPC) in Beijing. ...

China Tries to Calm U.S. Anxieties About New Pact With Iran

One of China's most prominent Iran scholars, Fan Hongda from the Shanghai Institute of International Relations, published a column in the Communist Party-controlled English-language newspaper China Daily that appears intended to try and calm fears in the United States and to send the message that ...

Qatar and Saudi Arabia Both Place Long Term Bets on China

With oil and gas demand in the U.S. and Europe expected to fall dramatically in the years ahead as both regions embrace a post-carbon economy, two of the world's largest energy exporters, Qatar and Saudi Arabia, are now looking to China to fill the void. Ministers and ...

Start Imagining a Post-Carbon China, and Africa

Chinese total carbon emissions could peak by 2028, with emissions coming from the electricity sector topping out as early as 2025. This is according to Liu Zhenya, who runs the Global Energy Interconnection Development and Cooperation Organization, a Beijing-based think tank. Liu’s previous job is maybe more ...

China’s Growing Influence in the Mideast & Persian Gulf

China is steadily reducing its dependence on African oil suppliers who once accounted for a third of Chinese crude imports. Today, China buys more oil from Saudia Arabia than any other country in the world. From 2019 to 2020,

China Strikes Financing Deal With Iraq, Providing New Clue to How Beijing Deals With Major Oil Supplying Countries

The Chinese government is reportedly coming to the rescue of the financially stressed Iraqi government with a $2 billion cash payment for a year's worth of oil at current market prices. The five-year agreement, as reported by Bloomberg, provides fresh insights into how China ...

China’s Growing Influence in the Middle East and North Africa

China's presence in the Middle East North Africa region has been steadily rising over the past 25 years and is now entering a new, more complex phase that extends beyond commercial ties to also include potential security implications, writes Afshin Molavi, a senior fellow at ...

Chinese Oil Buying From Saudi Arabia Surges, Likely at Africa’s Expense

Saudi Arabia is emerging as an increasingly important hub on China's Belt and Road Initiative as Beijing turns to the Kingdom for an increasingly large share of its oil procurement. Last year, two-way trade surged 23% year-on-year to $78 billion, and even amid the ...

All This Talk About Vaccines Gives a Desperately-Needed Boost to Two of Africa’s Largest Oil Producing Countries

The prices for Nigerian Bonny Light and Angolan Cabinda crudes have regained some lost ground in November thanks to the Pfizer vaccine news and the U.S. elections. Given that both countries face enormous debt servicing challenges, these higher oil prices will help to replenish government coffers. China ...
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