China, EU agree on dialogue, cars and rare earths after trade talks

China and the European Union reached an “understanding” on hybrid vehicles on Friday, as their commerce chiefs concluded talks with an agreement to strengthen dialogue, dispelling fears of a full-blown trade war. The EU’s Maros Sefcovic and China’s Wang Wentao agreed both sides would adhere to “procedures concerning company price undertakings” of hybrid cars, Beijing’s commerce ministry said, citing a …

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European Commission picks 46 new strategic critical mineral projects

The European Commission has chosen 46 strategic raw material projects to benefit from faster permitting and help in bidding for public and private funding, as the bloc races to diversify supply chains and reduce reliance on China, it said on Friday. The EU, along with other major Western economies, is heavily dependent on China for critical minerals and components such …

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Indonesia sees critical minerals boosting domestic AI industry

Deputy Minister of Communication and Digital Affairs Nezar Patria highlighted the potential of processing critical minerals such as nickel and copper to support Indonesia’s artificial intelligence (AI) industry. In a statement confirmed in Jakarta on Thursday, Nezar said Indonesia’s mineral processing should support the development of resilient, efficient and sustainable digital infrastructure. “If the world asks Indonesia to provide raw …

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