*Fyi, fwiw, I see where,
Thanks to cobalt and the support of the IMF: record growth in the DRC
Growth in the DRC has rebounded sharply, from 1.7% in 2020 to an estimated rate of 6.2% in 2021, well above the 4.5% rate recorded in sub-Saharan Africa according to an annual assessment conducted by the staff of the International Monetary Fund (IMF).
This strong recovery is attributed to the results of the country's mining and services sectors.
Under an IMF-supported program, the authorities adopted measures that helped moderate inflation and stabilize the exchange rate, while commodity prices supported higher exports, international earnings and reserves.
The war in Ukraine has led to higher inflation and exacerbated food insecurity risks, but the outlook remains favorable thanks to high commodity prices.
However, after decades of war, poor governance and underinvestment, the country faces high poverty rates, very limited access to essential services and one of the largest infrastructure deficits in the world.
Reforms are needed to diversify and improve the resilience of the economy, and to promote stronger and more inclusive growth.
Measures to simplify the tax system, broaden the tax base and strengthen tax administration, along with other interventions to improve public financial management, such as the establishment of a single account of the Treasury and the phasing out of untargeted fuel subsidies, are also necessary
Continued efforts to improve governance and the business climate would support private sector development and economic diversification.
The DRC's vast and varied mineral resources, rainforests and peatlands are critical to the global energy transition.
With the right policy frameworks and better governance, they can accelerate growth and improve the standard of living of its people.
Very recently, the Congolese government put up for sale 27 oil blocks and 3 gas blocks so that in the long term, with responsible exploitation, the DRC can multiply by 10 its current revenues and continue the development and construction of new infrastructures, in order to to open up and connect the provinces, a guarantee of the integral development of this vast country in the heart of Africa.
50% of world reserves in the DRC
Globally, the cobalt reserve is 7188 kilotonnes (kt), of which the DRC owns 50%, followed by Australia and Cuba at 20% and 7.0%.
Other major countries with cobalt reserves are Canada, Russia and the Philippines, with a total of around 10%.
The remaining 10% reserve is scattered around the world.
So far, the copper reserve is the highest among the critical minerals, at 871 million tons.
Chile shares the most reserves with 23%, followed by Peru with 10%, Australia with 10%, Russia with 7%, Mexico with 6% and the United States with 5.5%.
Other major countries with copper reserves are Poland, China, Zambia, DRC and Kazakhstan, accounting for 11.4%.
The remaining 23% are scattered around the world.
The total nickel reserve is estimated at 93,900 kt, with a maximum share of Indonesia and Australia at 22% each, followed by Brazil, Russia, Cuba, the Philippines and China, accounting for 17%. , 7.3%, 5.9%, 5.1% and 3% respectively.
The remaining 15% of copper is scattered around the world.
The rear earth reserve (RER) is estimated at 115.80 kt, with a maximum reserve of 38% in China, followed by Vietnam with 19%, Brazil with 18% and Russia with 10%.
Other major countries with a reserve of RERs are Australia, Greenland, the United States, South Africa and Canada, with a total share of only 5.0.
*Don't forget the 400+ million tonnes 1.65% Li2O, 715ppm Sn, 34ppm Ta is world-class in scale and grade
*Where do ya get it
*Food for thought, No pressure Felix