Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
CFTC head looks to new Congress for action on crypto regulation February 3, 2023
Gold Price Forecast: Upside risk to XAU/USD forecast of $1,850 at year’s end – Commerzbank February 3, 2023
Oil down 7% on week as dollar rockets on U.S. jobs report February 3, 2023
Japan stocks higher at close of trade; Nikkei 225 up 0.20% February 3, 2023
Loans to first-home buyers fall, while ASX defies inflation anxiety | Finance Report | ABC News February 3, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Markets Commodities

Western countries forge green alliance for getting electric vehicle minerals

Staff by Staff
December 12, 2022
in Commodities
0 0
A A
0

© Reuters. FILE PHOTO: A Ford logo is seen on an electric vehicle charging cable during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble

By Allison Lampert

MONTREAL (Reuters) – The United States and other western countries on Monday announced an alliance to produce and buy critical minerals from countries with stronger environmental and labor standards, a move that could reduce business with market leader China.

Announced at the COP15 talks on biodiversity in Montreal, the Sustainable Critical Minerals Alliance would support these standards for elements like lithium, cobalt and nickel, Canada’s Natural Resources Minister Jonathan Wilkinson said.

“Unless China and Russia are willing to put in place … measures required to be able to legitimately say that they are supporting these kinds of standards then it would essentially mean … we will be buying alternatives as we can,” Wilkinson said in an interview.

Wilkinson acknowledged that the voluntary alliance of the United States, Canada, Australia, France, Germany, Japan and the United Kingdom would not shun China which dominates the market for the minerals used in EV batteries.

“Obviously right now there are some critical minerals that are processed in large measure in China so this will be something that will need to happen over time,” he said.

Western countries have been trying to wean themselves from dependence on authoritarian regimes for strategically important materials. Canada last week unveiled a strategy to ramp up production and processing of critical minerals. In June, the United States and allies set up a partnership aimed at securing supplies.

China said it has taken steps to curb pollution in its mining sector, but has faced criticism.

Mining, along with other sectors are under scrutiny at the Montreal talks due to their impact on nature.

“China is actually free to up its game with respect to environmental standards and with respect to labor standards and eventually join the alliance,” Wilkinson said. “But it would have to make those kinds of changes.”

A strategist from environmental group Greenpeace welcomed the alliance’s support for higher environmental, indigenous rights and labor standards but questioned how it would be enforced.

“Will there be teeth to that? For the moment it’s more like a memorandum,” said Keith Stewart, senior energy strategist, Greenpeace Canada.

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Commodities

Oil down 7% on week as dollar rockets on U.S. jobs report

February 3, 2023
Commodities

Wholesale power prices spike in U.S. Northeast as arctic blast arrives

February 3, 2023
Commodities

Gold distances itself from $2,000 target after blockbuster U.S. jobs report

February 3, 2023
Commodities

OPEC+ Exports Show Russia Surges While Saudi Arabia Dials Back

February 3, 2023
Commodities

Micronesia to sign extension of U.S. security pact ‘soon’, President says

February 3, 2023
Commodities

Oil stable as market awaits signs of China demand recovery

February 3, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.