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Calgary Herald
7 minutes ago
- Calgary Herald
G7 leaders announce plan to counter China's dominance of critical minerals
A new strategy to shore up critical mineral supply chains could have Western allies cooperating with Australia, India and South Korea in a bid to counter China 's dominance in the sector. Article content The strategy announced Tuesday at the G7 Summit in Kananaskis, Alta., did not explicitly mention China, but alluded to its use of export bans, controls and state subsidies to control supply chains and markets for rare earth elements and minerals such as lithium, cobalt, nickel, graphite and copper. Article content Article content 'Recognizing this threat to our economies, as well as various other risks to the resilience of our critical minerals supply chains, we will work together and with partners beyond the G7 to swiftly protect our economic and national security,' the G7 statement said. Article content Article content 'This will include anticipating critical minerals shortages, coordinating responses to deliberate market disruption, and diversifying and onshoring, where possible, mining, processing, manufacturing and recycling.' Article content The strategy will feature increasing investment, partnerships and infrastructure, including 'economic corridors' in emerging markets, to increase the supply and access to critical minerals. Article content Ministers from the signatory countries will also create a roadmap before year-end that outlines plans for the creation of 'standards-based markets' for critical minerals to promote responsible extraction, processing and trade. Article content Article content 'Immediate and scaled investment is required to secure future supply chains and ensure promising mining and processing projects overcome barriers such as delays in permitting and approval processes, market manipulation, and price volatility,' the group said. Article content Article content Just three producers, China, Indonesia and the Democratic Republic of the Congo (DRC), currently control 86 per cent of the global supply of critical minerals, up from 82 per cent in 2020, according to the International Energy Agency's latest outlook on critical minerals.
AU Financial Review
7 minutes ago
- AU Financial Review
Amazon chief warns white-collar staff their jobs are on the line
Amazon chief executive Andy Jassy has told the technology giant's staff that the company will inevitably employer fewer people as artificial intelligence becomes more sophisticated and said white-collar workers need to improve their ability to use the new tools in order to keep their jobs. Jassy, who succeeded Jeff Bezos in 2021 after building the company's massive cloud computing business, told staff in a memo that Amazon as already using AI in hundreds of ways, predicting that the workforce would be significantly different in the future as those uses increased.
Yahoo
7 minutes ago
- Yahoo
Chelsea player ratings vs LAFC: Liam Delap makes instant impact with Pedro Neto electric
Debut assist: New signing Liam Delap impressed for Chelsea after coming off the bench against LAFC in Atlanta (Getty Images) Liam Delap marked his Chelsea debut with an assist as the Blues kicked off their Club World Cup campaign by beating LAFC 2-0. Delap was named on the bench for the game in Atlanta, which was played in front of just over 20,000 fans, but he came on as a second-half substitute to make an impact. Advertisement The striker set up Enzo Fernandez for Chelsea's second goal of the game, after Pedro Neto had put them ahead in the first half. The victory puts Chelsea top of Group D and Enzo Maresca's side will next be in action on Friday, when they take on Flamengo. Standard Sport's Simon Collings watched Chelsea in action... Robert Sanchez 7 Did not have much to do as Chelsea dominated much of the possession, but he was impressive when called into action. Made two smart stops from Denis Bouanga in the second half. Reece James 6 Taken off at the break in what felt like a pre-planned substitution. Was steady during his 45 minutes, although he did pick up a booking. Advertisement Tosin Adarabioyo 7 Largely untroubled. Made a vital interception midway through the second half when Olivier Giroud was about to be played through on goal. Levi Colwill 6 Like his centre-back partner, enjoyed a fairly comfortable night's work. Passing was a little loose when he tried to go long. Marc Cucurella 7 Won the ball to kick-start the move that led to Chelsea scoring the opening goal of the game. Got forward when he could and looked threatening. Moises Caicedo 7 Typically busy in the midfield as he made his presence known, making more tackles than anyone in the first half. Romeo Lavia 6 One of two half-time substitutions. Had some bright moments before coming off and helped Chelsea to have 65 per cent possession in the first half. Advertisement Pedro Neto 8 | Star player Showed great composure for his goal. Caused LAFC problems with his electric pace and combined well with Cole Palmer. Hit the crossbar with the last kick of the game. Cole Palmer 7 Produced some magical moments, including one brilliant solo run in the second half. Wasted a great chance when Neto teed him up. Noni Madueke 6 Started brightly and was Chelsea's best player in the opening 20 minutes, testing Hugo Lloris with a good effort. Outshone by Neto, though. Nicolas Jackson 7 Put in a good showing and created the only goal of the opening period with a lovely pass that found Neto. Had a header cleared off the line in the second half. Substitutes Enzo Fernandez (Lavia 45') 7 Advertisement On at the break and scored a late goal by getting on the end of Delap's cross. Timed his run perfectly. Malo Gusto (James 45') 5 So nearly caught out of position when a ball over the top found Bouanga, but Sanchez bailed him. Liam Delap (Jackson 64') 7 On for his Chelsea debut and looked really sharp. Set up Fernandez's goal with a perfect cross into the box. Tyrique George (Madueke 64') 5 A quiet cameo from the winger, who never really got into the game. Dario Essugo (Caicedo 84') N/A Christopher Nkunku (Palmer 84') N/A Subs not used: Jorgensen, Sarr, Chalobah, Badiashile, Acheampong, Anselmino, Dewsbury-Hall, Andrey Santos, Marc Guiu.
