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Benedikt Sobotka, chief executive of Eurasian Resources Group said in an interview that ERG cherishes and values its relationship with China and the Chinese people. Through its integrated natural resources and infrastructure projects in Central Asia, Central Africa and Latin America, ERG is actively taking part in China's activities within the Belt and Road Initiative.

 

ERG is well-positioned to provide high-quality materials in the future, including key metals for EV batteries to help China achieve its economic goals, while also bringing down carbon emissions.

 

By the end of 2020, China generated 93.4 million kilowatts of renewable energy, up 17.5 percent year-on-year. President Xi Jinping has set a target for China to achieve carbon neutrality by 2060, which we can expect will stimulate the already fast-growing NEV sector. As one of the largest sustainable cobalt producers in the world, ERG is supporting the development of NEVs while leading the socially responsible exploration of cobalt. As a major supplier of other key materials, such as aluminum, copper, high-carbon ferrochrome and iron ore products, we are also well-placed to support the country's plans to build new infrastructure.

 

Sobotka said, China's strong production base and operational environment, sound manufacturing industry chain and huge consumption potential have all naturally attracted considerable investor attention. The implementation of foreign investment laws and regulations as well as China's willingness to open its market wider and share development dividends with the rest of the world have also enhanced the confidence of foreign enterprises investing in China. These will be key in ensuring that the country remains attractive to foreign investment in the years to come. An additional priority is for China to maintain its well-managed regulatory environment, which makes the economy resilient and boosts its attractiveness to foreign companies and investors.

 

Source: China Daily