Monday, February 12, 2018

The Congo, Cobalt, and China

Lima Charlie News posted on 4 February 2018 an article titled "Cobalt Mining, China, and the Fight for Congo's Minerals" by Lima Charlie.

The Democratic Republic of the Congo (DRC) holds half the world's cobalt reserves, a key component of rechargeable lithium-ion batteries that power iPhones and electric cars. China is a major importer of DRC cobalt as it tries to become the world's leader in electric car production. The DRC has proposed to raise taxes five fold on the metal in order to increase revenue. Chinese and other importers of cobalt are protesting vigorously.

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