Why does the Congo have so much cobalt? These days, most of the cobalt in southern Congo comes from industrial mines, which are largely owned by Chinese companies.
Who owns cobalt mines in Africa? However, Cobalt is a unique commodity because it’s primarily controlled by only two countries: China and the Democratic Republic of Congo. The DRC supplies about 70 percent of the world’s Cobalt, but 80% of its industrial cobalt mines are owned or financed by Chinese companies.
How much do cobalt miners get paid? All direct KCC employees are paid above the DRC’s minimum wage of $3.50 USD per day, the company said, and contractors are also expected to provide “fair remuneration” that is “in line with DRC legislation.” Glencore also said that all KCC employees are supplied with personal protective equipment needed for their jobs
Where does China get cobalt? First, we find that China’s foreign cobalt ownership is predominantly in the Democratic Republic of the Congo, the largest source of cobalt mine and intermediate imports for China’s growing cobalt refinery industry.