Cobalt is the new blood diamond.
It’s highly valuable and dangerous to extract. The Democratic Republic of Congo is responsible for about 70% of the world’s supply of Cobalt.
As the world transitions to renewable energies to fight climate change, the demand — and the price — for cobalt, a crucial ingredient used to make lithium batteries, has skyrocketed.
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If all this ore was to be refined and processed in DRC it would fetch a lot more money, but then refining ores is a very energy intensive venture and highly polluting process. DRC has very low electrification rate despite being home to the Congo RIVER which can supply entire Subsahara with electricity.
Blacks tulunyimwa akilu tukapewa misuli.
You know at the top of the food chain the big big companies ,they actually have a rule or law that mining of cobalt should be done by machines…yet there are thousands of people slaves sorry to say
It doesn’t have to be processed tunahitaji tu kuitisha bei poa na kukosa kuiba the proceeds.
Australia is a country whose primary exports are not processed there but they make sure the wealth is managed well and trickles down to the people.
High IQ. Minerals’ price is determined by purity. You can’t get a maximum price from unprocessed earth simply because a buyer can’t tell how pure minerals are in his batch. He can have 0% gold or 80% gold in a unprocessed sack of soil. It is always best to process. In fact maximum value comes from processing the mineral.
Kagame should be the East African federation honcho. Then we start our own brand of fascism
Nonsense. You are being too simplistic
This is a war east African federation cannot win. Eaf takes all the mines. Where we gonna sell the minerals at market price.the West has us by the balls. We can’t even process. Africans, we are slaves
Slavery will never end, as long as humans serve fellow humans.