ThinkCivics News
An educated citizenry is a vital requisite
for our survival as a free people.
Join ThinkCivics+
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
No Result
View All Result
ThinkCivics News
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
Join ThinkCivics+
No Result
View All Result
ThinkCivics News
Join TC+
Home US News Politics

Report: Hunter Biden’s Firm Helped China Dominate Market for EV Batteries

Hunter Biden's investment firm partnered with a Chinese company to buy the world's larges cobalt mine from an American company in 2016.

ThinkCivics Newswire by ThinkCivics Newswire
November 21, 2021
in Politics
Reading Time: 2 mins read
0
0
Report: Hunter Biden’s Firm Helped China Dominate Market for EV Batteries

An investment firm founded by Hunter Biden assisted a Chinese company in purchasing one of the world’s richest cobalt mines from an American company for $3.8 billion – helping the conglomerate gain a massive share of the key metal used to make electric car batteries.

The president’s son was one of three Americans who joined Chinese partners in establishing the Bohai Harvest RST Equity Investment Fund Management Company, or BHR, in 2013.

The Americans controlled 30 percent of the company and made successful investments that culminated in aiding China Molybdenum purchase the Tenke Fungurume cobalt mine in the Congo from the American company Freeport-McMoRan in 2016, the New York Times reported.

The news comes after President Joe Biden had warned that China could use its dominance of mined cobalt to disrupt America’s development of electric vehicles.

It also adds to the scrutiny Biden and his father have faced for his dealings with Chines and Ukrainian companies while Joe was vice president and later running for president.

BHR slowly made its way into an investment powerhouse after helping finance an Australian coal-mining company controlled by a Chinese state-owned firm, the paper reported.

The investment company’s big break came in 2016 when it bought and sold a stake in CATL, a Chinese company that is now the world’s biggest maker of batteries for electric vehicles.

That same year, China Molybdenum – one of the world’s leading producers of the precious metals molybdenum and tungsten – announced it would purchase the Tenke Fungurume cobalt mine from Freeport-McMoRan, an American mining company.

But in order to purchase the mine, the Chinese company needed a partner to buy out one of the stakeholders, Lundin Mining of Canada.

That’s when BHR came in to buy out Lundin with $1.14 billion raised entirely from obscure Chinese state-backed companies, according to the Times.

Biden still controlled 10 percent of BHR when its shares of the mines were sold to China Molybdenum in 2019.

SOURCE

ThinkCivics Newswire

ThinkCivics researches, examines, and reports on issues that matter most. We deliver explanative, fearless, and insightful analysis for public consumption.

thinkcivics.com
Tags: batteriesChinaEVHunter Biden

Related Posts

New Biden Team Shake-up Causing Turmoil in White House

New Biden Team Shake-up Causing Turmoil in White House

May 24, 2022
NBC reporter Yamiche Alcindor gets slammed with backlash over biased comment against Republicans

NBC reporter Yamiche Alcindor gets slammed with backlash over biased comment against Republicans

May 24, 2022

Durham Drops Another Bombshell, Reveals FBI Lied About Hillary Clinton-Supplied Disinformation

May 24, 2022

Video Catches Confused President Biden Wearing Mask With No One Around, Removing Mask To Get In People’s Faces

May 23, 2022
Load More
Next Post
CDC Admits 74% Of People Who Tested Positive For COVID In Massachusetts Outbreak Were Fully Vaccinated

UK STUDY: Vaccinated Adults under 60 are dying at 2X Times the rate of the Unvaccinated

Why Americans need to speak up and speak against OCC nominee Saule Omarova

Why Americans need to speak up and speak against OCC nominee Saule Omarova

More Info on Man Allegedly in Custody in Waukesha Tragedy

More Info on Man Allegedly in Custody in Waukesha Tragedy

TODAY'S TOP STORIES

  • Bill Maher Notices Something Odd About These Transgender Kids

    Bill Maher Notices Something Odd About These Transgender Kids

    0 shares
    Share 0 Tweet 0
  • Video Catches Confused President Biden Wearing Mask With No One Around, Removing Mask To Get In People’s Faces

    0 shares
    Share 0 Tweet 0
  • Biden Loses It, Snaps at a Reporter in Brussels, May Have Just Leaked Critical Information

    0 shares
    Share 0 Tweet 0
  • Buses Arriving in DC With Illegal Aliens Blow up One of Biden’s Biggest Lies and Leave the WH Babbling

    0 shares
    Share 0 Tweet 0
  • Legacy Media Credibility Takes Another Hit as Major Rumor About Justice Alito Is Confirmed

    0 shares
    Share 0 Tweet 0

Handwritten Notes From 2017 Show FBI Agents Mislead DOJ On The Trump-Russia Investigation

by The Federalist
May 19, 2022
0
Handwritten Notes From 2017 Show FBI Agents Mislead DOJ On The Trump-Russia Investigation
National Security

Hillary Clinton’s campaign lawyer Michael Sussmann is currently on trial for lying to the FBI about his role in pushing...

Read more

Jankowicz Got The Boot, But Biden’s ‘Ministry Of Truth’ Hired Replacements Are WORST

by ThinkCivics Newswire
May 19, 2022
0
Jankowicz Got The Boot, But Biden’s ‘Ministry Of Truth’ Hired Replacements Are WORST
National Security

The Department of Homeland Security (DHS) hired the co-author of the PATRIOT Act, arguably the harshest crackdown on civil liberties...

Read more

MSNBC Guests Want GOP Labeled ‘Domestic Terror Party,’ Jail Time For Having The Wrong Opinions

by The Political Insider
May 19, 2022
0
MSNBC Guests Want GOP Labeled ‘Domestic Terror Party,’ Jail Time For Having The Wrong Opinions
National Security

We all know that Democrats and the left love to operate on the premise of “never let a good crisis...

Read more

Incredible Video: George W. Bush Accidentally Condemns ‘Unjustified and Brutal Invasion of Iraq’

by The Political Insider
May 19, 2022
0
Incredible Video: George W. Bush Accidentally Condemns ‘Unjustified and Brutal Invasion of Iraq’
National Security

George W. Bush committed a Freudian slip so brutal they may have to rename the phenomenon after him. The former...

Read more
Watch: Davos Elites Warn “Painful Global Transition” Should Not Be Resisted By Nation-States
Economy

Watch: Davos Elites Warn “Painful Global Transition” Should Not Be Resisted By Nation-States

by Zero Hedge
May 24, 2022
0

As World Economic Forum head Klaus Schwab proclaimed that “the future is built by us” at the opening of the...

Read more
This Year’s World Economic Forum in Davos Is as Disturbing as You’d Expect
Economy

This Year’s World Economic Forum in Davos Is as Disturbing as You’d Expect

by RedState
May 23, 2022
0

It’s the time of year again when thousands of the world’s most powerful and wealthy people gather in Davos, Switzerland...

Read more
Is Trump A Modern Day Nostradamus? Watch His Prediction Of What Would Happen If Biden Won
Economy

Is Trump A Modern Day Nostradamus? Watch His Prediction Of What Would Happen If Biden Won

by The Political Insider
May 23, 2022
0

President Trump is many things, to friend and foe alike. Is being a modern day Nostradamus among them? At least...

Read more
U.S. economy may outpace China’s this year for the first time in nearly 50 years
Economy

U.S. economy may outpace China’s this year for the first time in nearly 50 years

by Just the News
May 21, 2022
0

The growth of the U.S. economy is set to outpace that of China's for the first time in nearly five...

Read more
Facebook Twitter RSS

Brilliantly

SAFE!

thinkcivics.com

Content & Links

Verified by Sur.ly

2022

Recent News

  • Watch: Davos Elites Warn “Painful Global Transition” Should Not Be Resisted By Nation-States
  • New Biden Team Shake-up Causing Turmoil in White House
  • Clueless College Wrecks Itself With ‘Pride’ Poster Promoting Islamic Lesbians

Category

  • Culture & Society
  • Economy
  • Editorials
  • Education
  • Elections
  • Energy
  • Environment
  • Faith
  • Health
  • Immigration
  • Military
  • National Security
  • Politics
  • Science & Tech
  • US News
  • Videos
  • World News

© 2022 ThinkCivics Media. All Rights Reserved.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • About
  • Store
  • Contact Us
  • Join
  • Contribute

© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.