Hunter Biden’s Company Reportedly Sells Essential Cobalt for Electric Car Batteries to Communist China for Billions

Is Hunter Biden helping Communist China corner the electrical vehicle market that POTUS is subsidizing here at home?

Joe Biden was Vice President of the United States when his son Hunter Biden and several Chinese colleagues founded an investment company called Bohai Harvest RST (BHR).  BHR was founded in 2013 and in 2016 partnered with a Chinese company to buy the world’s largest cobalt mine from an American company (Freeport-McMoRan) for $2.65 billion. This mine not only had the largest cobalt reserves it also had large reserves of copper.

BHR’s holdings were then resold to another Chinese company called “China Molybdenum” and it now owns 80% of the mine with the Congo’s Government owning the remaining 20%. This transaction was valued a $3.8 billion. 

This sale may have resulted in China dominating the mineral market for battery production for the future. This led to Hunter Biden becoming a part owner of a business venture which involved a $3.8-billion-dollar sale of the world’s largest supply of Cobalt and Copper. To be clear, this mine was owned by an American Company (Freeport-McMoRan).

Cobalt is a critical component in the production of batteries for electrical vehicles. Again, this was the world’s largest supply of Cobalt and presents a risk to the survival of the domestic electric car sector throughout the world.   This information can be verified by Wikipedia, dailymail.co.uk/news/article-10226309, WION, News Team of New Delhi, India.

Recently President Joe Biden presided over the two trillion dollar social and energy spending bill. It was passed by the House on November 19, 2021, and includes $328 billion for tax subsidies for electric vehicles, solar energy and wind turbines. 

Representative James Comer of Kentucky stated the following: “By helping Chinese companies mine rare minerals in Congo, Hunter Biden is helping Communist China corner the electrical vehicle market that POTUS is subsidizing here at home.”

Joanne Collins