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    market news

    Is Your Cell Phone Fueling Civil War in Congo?

    Investing News Network
    Jul. 11, 2011 10:43AM PST
    Critical Metals

    The Atlantic reports that the Dodd-Frank Act aims to end the trade of conflict metals, like tungsten, from the DRC.

    The Atlantic reports that the Dodd-Frank Act aims to end the trade of conflict metals, like tungsten, from the DRC.

    The market news is quoted as saying,

    Tin, tantalum, tungsten and gold mined in the eastern part of the DRC are said to finance the armed rebel groups that contribute to the ongoing violence in the country.

    The DRC supplies dozens of electronics companies around the word with the minerals needed to manufacture products like iPhones and video games. The DRC is the fifth largest supplier of tin ore, and according to a U.S. Geological Survey, about 10 percent of tungsten–the mineral used to make cell phones vibrate–is imported to the United States.

    For the complete market news, click here.

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