Congo, "A Potential Electric Car Export Market"
DR Congo has a great potential to become a leading Electric car producer. It has very rich mineral deposits. Some of the most exported minerals include copper, diamonds, lithium, tin, tantalum, goals, etc. Minerals contribute around 95% of the total Congo exports. Congo is the leading exporter of cobalt globally. Congo has rice cobalt reserves. It covers over 70% of the world’s total cobalt reserves. As per the Congo import export data , it exported around $96 million worth of cobalt during the fiscal year 2022. There was a significant increase in the exports of cobalt as compared to the previous year. Congo’s majority of the cobalt exports came from China, Taiwan, Russia, and Japan. China contributes to around 95% of the Congo's overall cobalt exports. As per Congo export data , China imported around $85 million worth of cobalt from Congo during FY 2022. Taiwan, Japan and Russia are some of the fastest growing markets for Congo's cobalt exports. Whereas, there ...