More on the scramble for Africa!
"The Biden administration held talks with three firms about purchasing one of the world’s largest non-Chinese cobalt producers, according to people familiar with the matter.
The U.S. wants to loosen Beijing’s global grip on a metal that’s important for the green-energy revolution and used in everything from jet fighters to drones. U.S. officials last year also tried to find Western miners or investors to buy the company, Chemaf, which is based in the Democratic Republic of Congo. The country has poor infrastructure, limited skilled labor, resource nationalism and a reputation for corruption. In June, Chemaf agreed to sell itself to China-backed Norin Mining, but U.S. pressure helped block that deal, people familiar with the transaction said. Plus, Congolese officials were eager to diversify from Chinese partners. Chemaf said that it’s still pursuing a possible Norin sale."
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