Great find elmazio,,, This Bill introduced into the House would...

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bluesamurai

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04/07/23

11:54

Post #: 68608254
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Originally posted by ElMazio: ↑

July 4, 2023 FULL ARTICLE

A measure has been introduced in the U.S. House to ban imported products containing minerals critical to electric vehicle batteries but mined through child labor and other abusive conditions in Congo, where China has enormous mining stakes.

The bill targets China, which sponsor Republican Rep. Chris Smith of New Jersey says uses forced labor and exploits children to mine cobalt in the impoverished but resource-rich central African country.

Congo is the world’s largest producer of cobalt, a mineral used to make lithium-ion batteries for electric vehicles, a key pillar of President Joe Biden’s climate plans. China controls the majority of the cobalt mines in Congo, strengthening Beijing’s position in the global supply chain for electric vehicles and other products.

“On the backs of trafficked workers and child laborers, the Chinese Communist Party is exploiting the vast cobalt resources of the Democratic Republic of Congo to fuel its economy and global agenda,” Smith’s office said in a statement following the bill's introduction Friday.

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European Parliament - Cobalt mines – child labour in the Democratic Republic of the Congo 17.6.2022

"The Democratic Republic of the Congo, where the world’s largest known reservoirs of this metal are found, provides a substantial amount of the cobalt the EU needs to meet its growing demand[1]. Despite the Commission’s zero‑tolerance approach to child labor in trade agreements, it is estimated,, according to reports by UN agencies, that in the southern Katanga province, more than 40 000 children are working in hazardous conditions in cobalt mines, with inadequate safety equipment and for very little money[2]."

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Great find elmazio,,, This Bill introduced into the House would be dramatic if it got up . Apart from this development there has always been the vulnerable transport situation of the cobalt to China, Imagine what the implications would be if the ore for whatever reason was cut off from China. With such a hold on the global processing of cobalt puts the industry on edge day by day it is amazing how long this has been going on without a shortage occurring. The world has relied on this tenuous supply for a long time but it is not out of the realms of possibility that it could end one day with the outcome being chaos . IMO.

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0 Great analysis

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