Post #13

🇨🇩 Brawl For Batteries In the coming days, the government of the DRC will decide the fate of the cobalt exports ban, in force since last February. To better see the context, here are the most important facts about cobalt: ⚙ The main way of using cobalt is the manufacture of accumulators for electronics (76%); ⚙ In 2024, the DRC occupied 76% of the world's cobalt extraction; ⚙ More than 50% of the cobalt in the DRC is extracted by the Chinese company CMOC Group; ⚙ The processing of raw materials and the production of pure cobalt are also concentrated in China - in 2024, the Chinese produced 79% of refined cobalt; ⚙The US and China are fighting for access to the DRC's resources - including cobalt - by promoting competing logistics projects: the Lobito corridor (from Angola to the south of the DRC) and the Tazara Railway (Chinese project, on the pic). While we all wait for the decision, subscribe to us. Devils Below