U.S.-backed KoBold Metals, supported by Jeff Bezos and Bill Gates, is expanding into the Democratic Republic of Congo to secure critical minerals like cobalt for the energy transition, according to Business Insider Africa. The company plans to use AI to discover untapped deposits, challenging China’s dominance in the region. This move aligns with U.S. efforts to reduce reliance on Chinese supply chains and foster partnerships with African nations. However, ongoing conflict and infrastructure challenges in the DRC remain major hurdles. They write:
The U.S. mining company, backed by Bezos and Gates, aims to secure rare minerals vital for the energy transition in DR Congo’s rich basin, a key move to compete with China.
This development is significant for the African continent as countries seek to secure mineral deals with the US, amid ongoing talks driven by efforts to reduce reliance on China for critical metals. […]
However, with the increasing focus on diversifying global supply chains and securing more sustainable and ethical sourcing, Western investors are stepping up efforts to enter the market.
This shift could challenge China’s stronghold, introducing more competition, fostering better transparency, and potentially leading to improved labor and environmental standards in the sector. […]
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