The nation’s largest news networks ignored blockbuster reporting from The New York Times this week that chronicled how Hunter Biden helped the Chinese secure a major cobalt mine in Congo.
On Saturday, the Times reported that Biden’s joint global equity firm, the Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company, facilitated purchase of one of the world’s most lucrative cobalt reserves in the Democratic Republic of the Congo.
“The firm made one of its most successful investments in 2016, when it bought and later sold a stake in CATL, a fast-growing Chinese company that is now the world’s biggest maker of batteries for electric vehicles,” the Times reported. “The mining deal in Congo also came in 2016, when the Chinese mining outfit China Molybdenum announced that it was paying $2.65 billion to buy Tenke Fungurume, a cobalt and copper mine, from the American company Freeport-McMoRan.”
Biden’s firm, founded with Chinese business partners and two other Americans, became instrumental in the transaction to help China Molybdenum secure 80 percent ownership of the mine.
According to the Media Research Center, American media remained mute.
Instead of covering the corruption of the Biden family, ABC’s World News Tonight was busy hyping online Black Friday deals. And on CBS Evening News and NBC Nightly News, they were lamenting Chinese genocide apologist and NBA player, LeBron James getting suspended for a fight on the court.
In 2019, an analysis of BHR’s finances from The Wall Street Journal showed the company prioritized at least $2.5 billion into automotive, energy, mining, and technology deals on behalf of its investors, largely in overseas projects. One included a joint acquisition of the Michigan motor company Henniges in 2015 that marked “the biggest Chinese investment into U.S. automotive manufacturing assets to date.”
The firm’s creation 10 days after a 2013 visit to China on Air Force Two with his then-vice president father has raised questions surrounding the Biden family’s ties to the Chinese Communist Party, exacerbated by revelations last fall. According to emails found on an abandoned laptop evidently belonging to Hunter Biden and published by the New York Post, Joe Biden was personally expected to rake in tens of thousands of dollars over his son’s business ventures.
Under the new Biden administration, the Chinese have successfully enhanced their global monopoly on electric car batteries as the president hampers production of minerals required for their manufacturing at home. Cobalt is a primary ingredient.
In early August, Biden announced plans for 50 percent of new auto sales to be electric by the end of the decade, enhancing China’s market leverage with “70 to 80 percent of the world’s battery chemicals, battery anodes and battery cells,” according to The New York Times.
