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"The US Is Catching Up": Competition With China Over DR Congo Minerals Intensifies
After years of near-exclusive control over the Democratic Republic of Congo's (DRC) rich mineral reserves, China now faces growing competition from the United States. Washington is moving aggressively to secure access to cobalt, copper, and lithium—vital for electric vehicles, green energy, and defense technologies, according to the South China Morning Post.
Last year, the US reportedly pressured Kinshasa to block a Chinese acquisition of Chemaf Resources. Now, a US consortium, including firms led by former military executives, has bid for Chemaf's operations, including the major Mutoshi copper-cobalt project. Bill Gates- and Jeff Bezos-backed KoBold Metals has also signed a deal to explore the Manono lithium deposit, despite a legal dispute with Australia's AVZ Minerals.
These moves follow a US-brokered “minerals-for-security” agreement between the DRC and Rwanda aimed at stabilizing eastern ...
KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the world's biggest hard rock lithium deposits....