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Make Kenya a minerals trade hub
By showcasing Kenya’s proven track record in the rare earth sector and its commitment to sustainable practices, the delegation can foster stronger partnerships.
The abundance of precious metals in the Democratic Republic of the Congo (DRC) has attracted much interest in the region. DRC is the world’s largest producer of cobalt, one of the key components used in producing rechargeable batteries for electric vehicles.
According to the Massachusetts Institute of Technology’s (MIT’s) data platform, the Observatory of Economic Complexity (OEC), the most recent data indicate that DRC produced and exported cobalt worth $5.99 billion, approximately 70 percent of the world’s cobalt in 2022. Other key minerals it produced and exported in the same year include coltan (used in making smartphones, laptops, air conditioners and refrigerators) and copper.
