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At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics, and China is the top player in Congo as of now
India seeks to access African nation's critical minerals to diversify its supply chain and strengthen bilateral ties
In January, KABIL signed a $24 million lithium exploration pact for five blocks in Argentina
To grab a higher share of margins, the DRC government has recently approved a new mining code that has enhanced the royalty rates on cobalt from 3 per cent to 10 per cent