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A Billion Dollar Copper/Cobalt Mine is Up For Grabs in the DR Congo, Providing Rare Opening For the U.S. to Get in the Market

Aerial view of Chemaf Resources' copper/cobalt processing plant in the southeastern Congolese city of Lumbubashi. Image via Chemaf Resources.

For the first time in seven years, the United States can re-enter the all-important critical resources mining sector in the Democratic Republic of the Congo, where China is the dominant actor.

The persistently low price of cobalt, a metal used to manufacture electric vehicle batteries, claimed another casualty when Dubai-based Chemaf Resources announced it plans to sell its mining assets in the Congolese copper/cobalt belt.

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by Eric Olander

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