Moroccan newsstand

EU’s Critical Raw Materials Act aimed at breaking China’s grip on Africa — study

The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]

Electric Vehicles: LG Energy Solution Chooses Morocco to Secure Lithium Supplies

Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]

Tunisia’s economic outlook dims as President rejects IMF conditions

Cash-strapped Tunisia continues to face headwinds in its quest to obtain a lifeline $1.9 billion credit from the IMF whose conditions are now openly rejected by authoritarian president Kais Saied. Saied was outspoken in rejecting the IMF conditions for Tunisia to cut subsidies in order to improve public finances. Saied’s statement adds to the fierce […]