Opposition to a deal that would allow U.S. companies access to critical minerals in Congo is growing after Congo's President Felix Tshisekedi returned from the U.S. minerals summit last week — with praises from U.S. President Donald Trump and U.S. lawmakers.
Tshisekedi has offered U.S. companies access to eastern Congo's rich minerals — mostly untapped and estimated to be worth $24 trillion – as a bargaining chip for U.S. support to help fight off rebels and build critical infrastructure in the region where Rwanda-backed rebels seized major cities last year.
It comes as the Trump administration seeks to create a minerals trading bloc with its allies, in part to defend against China's stranglehold on critical elements needed for everything from fighter jets to smartphones. China accounts for nearly 70% of the world's rare earth mining and controls roughly 90% of global rare earths processing. It is also the most active player in Congo's minerals sector.
Congo went seeking support and investment
On the sidelines of the Feb. 4 Critical Minerals Ministerial in Washington D.C., Tshisekedi led a Congolese delegation on strategic meetings with senior Trump administration officials and members of the Congress, mostly building on the strategic partnership agreement that both countries signed in December.
''We are open for business and we are serious about doing business the right way,'' Tshisekedi told members of the U.S. Chamber of Commerce during a meeting last week.
Discussions with Congolese officials focused on reviewing a list of strategic assets submitted by Congo which will help determine investment opportunities for American companies, the U.S. State Department said last week.
US, Chinese competition ‘will intensify' on Congolese soil