Demand for the metal is increasing fast as a key component in green energy transitioning China is planning a major expansion of copper mining in Serbia as demand for the metal, which is crucial for global energy transition, is expected to overrun supply. The global race to produce materials and control supply chains vital to[…..]
Global trade structural changes appear likely at September’s G20 summit in New Delhi By Chris Devonshire-Ellis The annual G20 summit is nearly upon us as New Delhi is poised to host the event from September 8th. Interestingly, the summit for the first time provides us with a glimpse of how the emerging BRICS bloc will[…..]
Chinese investors moving in, Kazakh exporters eye new China developing markets The Chinese Foreign Ministry has been noting the special importance of co-operation between China and the Central Asian states. Cheng Yikun, the Deputy Director of the “Department of Europe and Central Asia of the Ministry of Foreign Affairs of China”, stated that the record[…..]
The new BRICS Six are helping to usher in a huge change in global trade flows and influential clout By Chris Devonshire-Ellis There has been a great deal of media commentary following last week’s BRICS summit in South Africa. Much has been made of the ‘disparate’ nature of the coming additions of the new BRICS[…..]
The expanded BRICS now possesses 37% of global GDP. I discuss the new members demographics, the implications for global trade and the potential for consequential United Nations reform.
China prepares Tajikistan for a flurry of pipeline related investment China’s Vice Premier, He Lifeng, has been discussing with his counterpart Rustam Emomali of Tajikistan an acceleration of the Line “D” construction of the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China gas pipeline. Emomali is also responsible for Tajikistan’s State power and is on an official visit to China to deal[…..]
A BRICS currency is on the longer-term agenda, but not until certain development points have been passed. This article explains the route. By Chris Devonshire-Ellis Discussions concerning a common BRICS currency are not on the agenda during the current BRICS 2023 summit currently taking place in Johannesburg, however a name from the currency has apparently[…..]
New members expected to include Asian nations as BRICS policy bank expands The BRICS New Development Bank (NDB) is currently considering applications for membership from nearly 15 countries, head of the multinational lender Dilma Rousseff said yesterday (August 22).
With the 2023 BRICS summit beginning on August 22, we provide an economic breakdown of all BRICS members and their respective trade with one other By Chris Devonshire-Ellis and Farzad Ramezani Bonesh The BRICS 2023 summit starts in Johannesburg, South Africa tomorrow (Tuesday, August 22) with the Heads of State of Brazil, China, India,[…..]
Auto sales are now rebounding after months of decline The Avtotor plant in Russia’s Kaliningrad has begun manufacturing Chinese commercial JMC vehicles, the company announced last week. Three models of the Chinese brand JMC have entered production at the plant, which previously assembled German BMW and South Korean Hyundai and Kia cars. JMC are[…..]