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China Expands Control Over Congo Minerals
Chinese companies are increasingly involved in the vital mineral sector in the Democratic Republic of Congo, now participating in 49 projects that account for 54% of the country's significant ventures, compared to just 22 projects three years ago. These projects include the extraction of minerals such as copper, cobalt, and lithium, ranging from productive mines to large-scale investments, such as JCHX Mining’s investment of $751 million and CMOC’s project slated to produce 100,000 tons of copper next year. This development aligns with China's comprehensive strategy to control supplies of essential minerals necessary for battery and electric vehicle manufacturing. It's part of a broader "mine-to-factory" approach, supporting local mineral processing in Africa. The report confirms that China is now involved in 123 vital mineral projects across Africa, compared to 172 in South Africa alone, with a particular focus on cobalt and copper, aiming to secure stable supplies and bolster the global clean technology industry.
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