China takes lead in the global battery race

Exclusive access to the Democratic Republic of Congo's cobalt puts China in the driver's seat on the international battery market.

Chinese battery manufacturer has taken up a leading position on the global market thanks to its exclusive access to the Democratic Republic of Congo's (DRC) large stockpiles of heavy metal cobalt. The material is an important component of lithium batteries, which are used in computers, smartphones and electric cars, reports Wall Street Journal.

China imported cobalt from DRC, the world's largest producer of the material, for USD 1.2 billion during the first nine months of 2017. India follows in second place, with cobalt imports worth USD 3.2 million.

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