Hunter Biden’s firm helped China gain control of electric-car mineral: report

Hunter Biden’s firm helped China gain control of electric-car mineral: report


Hunter Biden’s investment firm helped broker a 2016 deal that gave a Chinese state-backed company control of a massive African mine rich in cobalt — a mineral essential for the production of electric car batteries.

The deal, first reported by the Washington Free Beacon during the 2020 presidential campaign, was spotlighted by the New York Times Saturday as Congress inches closer to approving President Biden’s $2 trillion social spending plan, which earmarks billions of dollars to promote electric vehicles.

In 2016, an investment firm founded by Hunter Biden with several Chinese partners was cut into a complex $3.8 billion transaction that transferred 80 percent of Congo’s Tenke Fungurum mine from an American company to Beijing-backed China Molybdenum.

Trending: MORE Names Revealed In Epstein’s ‘Black Book’

President Joe Biden, Hunter Biden’s

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend