Congolese Cobalt May Become a Casualty of the New U.S. Climate Law

It appears that the Democratic Republic of Congo and other African countries that produce strategic resources used to manufacture electric vehicle batteries may be sidelined by the new U.S. climate law known as the Inflation Reduction Act or IRA.

A key part of the IRA’s mission was to get China out of the U.S. supply chain for critical resources but the problem is when Chinese mining companies in places like the DRC dominate the cobalt and copper sectors, then that makes those metals ineligible to be sold into the U.S. market in accordance with the new law.

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The post Congolese Cobalt May Become a Casualty of the New U.S. Climate Law <div class="cap-padlock">
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source https://chinaglobalsouth.com/2022/12/13/congolese-cobalt-may-become-a-casualty-of-the-new-u-s-climate-law/