For the last two decades, China has invested heavily in cobalt mining operations in Africa. Beginning in 2000, Beijing encouraged overseas foreign investment in developing countries, especially in ...

China's CMOC Group , opens new tab, which boosted its cobalt output by 144% during the first three quarters of 2023, is now on track to become the world's biggest cobalt producer, overtaking ...

The trend has continued since the start of this year. China’s Zijin Mining recently said it planned to acquire a gold mine in ...

Without investment from China — CMOC alone has plowed about $9 billion into its mines since 2016 — Congo wouldn’t have been able to triple its production of copper and boost cobalt output by ...

The Cobalt Supply Problem. Right now, most of the cobalt the US and its allies use comes from mines that are owned or controlled by China or the Democratic Republic of the Congo.

Over the past two years, cobalt has emerged as one of the hottest commodities of the electric-vehicle revolution. The silvery-blue metal, an important component in lithium-ion batteries, has more ...

The state mining enterprise, known as Gécamines, asserts that China Molybdenum failed to declare hundreds of thousands of tons of copper and cobalt reserves buried at the site, depriving the ...

Washington D.C., Jul 16, 2022 / 04:00 am. China is exploiting children in the Democratic Republic of Congo, forcing them to work under hazardous conditions to mine the cobalt that powers ...

Chinese mining companies are controlling day-to-day cobalt operations in the Democratic Republic of the Congo remotely, a new paper authored by employees of one of China’s biggest miners has ...

China cobalt mine deal was ‘injustice’: my country did not get anything, ex-DRC leader says Congolese feel short-changed by mega infrastructure-for-minerals deals involving cobalt – a key ...

China is the major foreign player in the DCR’s mining industry. As of 2019, China imported 83% of its cobalt and 9% of its refined copper and copper alloys from the DRC, and Chinese companies ...