What makes the DRC so attractive to Beijing is that of the estimated global cobalt reserves of 7.1 million metric tons, Congo holds more than half of that at 3.6 million metric tons.
Congo dominates the global cobalt production, in 2020, making up almost 70% of total production.
Hence, it does not surprise then that the mining sector is vital for Kinshasa's economy: the extraction and processing of minerals in the province of Katanga, endowed with the largest mineral riches in the DRC, contribute more than 50% to the state's budget.
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Fingers crossed
Frank![]()
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