Congo President Heads to China Amid Mining Contract Negotiations
Bloomberg
23-05-19 19:14
The Democratic Republic of Congo's president Felix Tshisekedi will travel to China from 24 May to 29 May. The two nations are seeking to conclude a renegotiation of a $6.2bn mineral-for-infrastructure deal. Congo is a key producer of cobalt, which is vital in electric vehicle batteries. Tshisekedi has previously suggested the agreement was "badly drawn up" and not beneficial. Tshisekedi will head to Beijing, Shanghai and Shenzhen, meeting officials including China's President Xi Jinping and representatives of energy, mining, battery and tech companies. China and Congo conducted $21.7bn in trade in 2022.