America Gives China A Mineral Monopoly
Aug. 29, 2011 09:57AM PST
Tantalum InvestingStrategy Page reports on the current state of the Democratic Republic of the Congo, including the effects of Dodd-Frank.
Strategy Page reports on the current state of the Democratic Republic of the Congo, including the effects of Dodd-Frank.
The market news is quoted as saying,
There are few buyers for Congo’s valuable minerals, especially tantalum and tungsten which have many hi-tech uses. This has damaged the Congo’s economy, because the nation relies on mineral exports. According to some sources, China, which does not have to meet Dodd-Frank standards, is snapping up many minerals at very cheap prices.