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Politics : Formerly About Advanced Micro Devices

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Winfastorlose
To: Brumar89 who wrote (1329025)11/22/2021 10:01:56 AM
From: FJB1 Recommendation   of 1570792
 
10% WENT TO THE 'BIG GUY'!!!


CADAVER JOE WILL BE IMPEACHED THE DAY THE NEW CONGRESS IS SWORN IN.

Hunter Biden's private equity firm helped Chinese conglomerate buy American-owned cobalt mine in $3.8 billion deal: Purchase helped China company gain world's largest deposit of precious metal used to make batteries for electric vehicles

dailymail.co.uk
  • Hunter Biden's investment firm partnered with a Chinese company to buy the world's larges cobalt mine from an American company in 2016
  • Biden was one of three Americans who founded the BHR private equity firm with Chinese partners in 2013
  • The firm helped buy out a minor stakeholder in the Congo's Tenke Fungurume cobalt mine to help China Molybdenum buy it from Freeport-McMoRan
  • The $3.8 billion deal helped secure China's dominance over the previous metal, which is one of the key components of the batteries used for electric vehicles
  • Earlier this year, Biden had warned that America's electric car development could be threatened by China's control over cobalt
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