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May 6
Mining influence: Taiwan's critical moves in the global rare earth chess game
As the Ukraine-Russo war reaches a stalemate in peace talks, the United States is actively promoting agreements on rare earth elements (REEs) with Ukraine. This move underscores the critical importance of these elements in global geopolitics and technological competition. This article analyzes the strategic value of Rare earth elements (REEs), the context of the China-US rivalry, and Taiwan's strategies for addressing these challenges.
Copenhagen Infrastructure Partners (CIP) has achieved financial closure for the Fengmiao offshore wind farm's first phase, marking a milestone as the first fully financed project in Taiwan's third phase (Zonal Development) of offshore wind development.
Amid the ongoing AI boom, data center operators have been constantly searching for stable, low-carbon, and eco-friendly energy sources to power their ever-growing computing operations. Geothermal energy has consequently become increasingly favored by the AI industry.
A large-scale blackout in Spain and Portugal on April 28, 2025, highlighted the need for resilient power grids during energy transitions. With Taiwan set to retire its last nuclear reactor by May 17, 2025, the growing reliance on intermittent renewable energy raises concerns about the country's grid stability. Taiwan's isolated grid necessitates the swift development of smart grids and energy storage to reduce outage risks during extreme events.
As China's homegrown AI models, such as DeepSeek, expand into manufacturing, healthcare, education, and infrastructure, particularly power supply, has become crucial for sustaining large-scale AI deployments.
Geothermal energy has become one of the few areas of consensus in America's polarized energy policy debate, garnering support from both the Biden administration and the incoming Trump administration for different but complementary reasons.
The Johor-Singapore Special Economic Zone (JS-SEZ), jointly established through contracts signed by Malaysia's Johor state and Singapore, has recently become a focal point for the entire Southeast Asian supply chain. This week, the JS-SEZ Business and Investment Forum was held in Johor Bahru, where stakeholders exchanged views on the future development of the economic zone.
To prevent Chinese solar products from circumventing origin rules, the US Department of Commerce recently announced tariffs on solar products from Southeast Asian countries, with rates reaching as high as 3,521%. Regarding the impact of these tariffs, HD Renewable Energy (HDRE) chairman Edward Hsieh stated that since the company does not export any goods to the US, the direct effect is minimal. However, overall market fluctuations may still cause some indirect impacts.
The US has imposed sweeping new tariffs on solar products from four Southeast Asian countries, raising concerns among Malaysian manufacturers over the impact on their operations and clean energy ambitions.
Giga Solar Materials (GSMC), a Taiwanese solar energy module conductive paste manufacturer, announced on April 22 that it has invested in the acquisition of module production equipment in the US. The company plans to officially begin production in California in June, establishing GSMC's first solar module manufacturing base in the US. This also makes it the first Taiwanese solar energy module company to begin production in the US.
China has expanded its export controls on rare earth minerals and magnets, intensifying its trade retaliation against the United States and threatening to disrupt key industries. The new restrictions affect seven rare earth elements and specialized magnets used in electric vehicles, wind turbines, and military aircraft—resources on which the US remains heavily dependent.
According to Reuters and Yonhap, South Korea's LG Energy Solution announced on April 21, 2025, that it has formally withdrawn from a major US$8.45 billion electric vehicle battery development project in Indonesia, citing shifts in market conditions and the investment climate.