Battlefield harley12/1/2022 Jim Farley, Ford’s chief executive, said the mineral supply crunch needed to be confronted. Last month, the mining industry’s leading forecaster said the rising cost of raw materials was likely to drive up battery costs for the first time in years, threatening to disrupt automakers’ plans to attract customers with competitively priced electric cars. “Well, we’re about to turn that around in a big, big way.”Īlready, tensions over minerals and metals are rattling the electric vehicle market.ĭeadly rioting in July near a port in South Africa, where much of Congo’s cobalt is exported to China and elsewhere, caused a global jump in the metal’s prices, a surge that only worsened through the rest of the year. “We risked losing our edge as a nation, and China and the rest of the world are catching up,” he said. This past week, during a visit promoting electric vehicles at a General Motors factory in Detroit, President Biden acknowledged the United States had lost some ground. At least here in Congo, China is so far winning that contest, with both the Obama and Trump administrations having stood idly by as a company backed by the Chinese government bought two of the country’s largest cobalt deposits over the past five years.Īs the significance of those purchases becomes clearer, China and the United States have entered a new “Great Game” of sorts. In particular, a rivalry between China and the United States could have far-reaching implications for the shared goal of safeguarding the earth. More than 100 interviews and thousands of pages of documents show that the race for cobalt has set off a power struggle in Congo, a storehouse of these increasingly prized resources, and lured foreigners intent on dominating the next epoch in global energy. The Times dispatched reporters across three continents drawn into the competition for cobalt, a relatively obscure raw material that along with lithium, nickel and graphite has gained exceptional value in a world trying to set fossil fuels aside. The new automobiles rely on a host of minerals and metals often not abundant in the United States or the oil-rich Middle East, which sustained the last energy era. Now, with more than two-thirds of the world’s cobalt production coming from Congo, the country is once again taking center stage as major automakers commit to battling climate change by transitioning from gasoline-burning vehicles to battery-powered ones. The United States turned to Congo for uranium to help build the bombs dropped on Hiroshima and Nagasaki and then spent decades, and billions of dollars, seeking to protect its mining interests here. Outsiders discovering - and exploiting - the natural resources of this impoverished Central African country are following a tired colonial-era pattern. But demand is set to explode worldwide because it is used in electric-car batteries, helping them run longer without a charge. The gray metal, typically extracted from copper deposits, has historically been of secondary interest to miners. This wooded stretch of southeast Democratic Republic of Congo, called Kisanfu, holds one of the largest and purest untapped reserves of cobalt in the world.
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