Hunter Biden profited from helping a Chinese firm acquire cobalt mines from an American company, according to a report released just days after President Joe Biden admitted the United States is “losing our edge” on Communist China in control of the essential natural resource.
“We risked losing our edge as a nation, and China and the rest of the world are catching up,” Biden admitted last week.
Communist China controls much of the raw minerals needed to create clean energy. A mineral named cobalt is specifically in high demand because it is used for the production of battery-powered vehicles.
While electric cars are highly subsidized by the United States government in order to reduce “climate change,” car manufactures must deal with China to obtain batteries made from