RACE TO THE FUTURE: How the U.S. Lost Ground to China in the Contest for Clean Energy – by Eric Lipton and Dionne Searcey (New York Times – November 21, 2021)


Source: republicofmining.com republicofmining.com

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Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing. WASHINGTON — Tom Perriello saw it coming but could do nothing to stop it. André Kapanga too. Despite urgent emails, phone calls and personal pleas, they watched helplessly as a company backed by the Chinese government took ownership from the Americans of one of the world’s largest cobalt mines. It was 2016, and a deal had been struck by the Arizona-based mining giant Freeport-McMoRan to sell the site, located in the Democratic Republic...