Hunter Biden’s investment firm helped China profit from a precious resource

China’s dominance in the market for an essential ingredient in electric vehicle batteries has been helped by the efforts of Hunter Biden, according to a new report.

As noted by the website mining.com, the Democratic Republic of Congo holds 51% of the world’s cobalt.

The website notes that China’s efforts to cobalt The market “could pose a threat to Western market participants” based on an industry expert report, saying that the partnership between China and Congo “could cause problems.” for people in the West.”

It’s all in the future when Joe Biden is vice president, Hunter Biden is doing business with China through a company called BHR. The company was established in 2013 and officially named Bohai Harvest RST Joint Stock Fund Management Company (Shanghai). New York Times.

Biden Hunter and two American associates hold a minimal interest in the investment firm, the report said, with Chinese investors making up the remainder.

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ONE Senate Report of Hunter Biden’s activities said that BHR was “ultimately conceived as an investment fund and is believed to be ‘primarily controlled and funded by major Chinese government-owned shareholders’ and that Chinese organizations control 80%.”

Americans must pay for the corruption of the Biden family?

In 2016, according to the Times, Hunter Biden’s company played a key role in helping a Chinese company called China Molybdenum buy Tenke Fungurume, a cobalt and copper mine, from Freeport-McMoRan, an American company. Its role is to work together to acquire Canada’s Lundin Mining, a minority partner in the mine.

According to the Hong Kong filings, as part of a multi-billion dollar deal, “the $1.14 billion BHR, through its subsidiaries, paid to acquire Lundin came entirely from publicly-owned companies. China’s backing.”

Biden’s Hunter investment company subsequently sold its stake in the mine to China Molybdenum.

When BHR sold its shares in 2019, Hunter Biden held a 10% interest in the company through Skaneateles LLC.

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Skaneateles is owned solely by Hunter Biden, according to a report in Judge Washington.

The unusual name of a company that invests in China coincides with the hometown name of President Joe Biden’s first wife, Neilia, who is also Hunter Biden’s mother.

The report notes that the LLC’s address matches Hunter Biden’s previous whereabouts.

China filings list Skaneateles as a partial owner of BHR, but Chris Clark, an attorney for Hunter Biden, says he “no longer holds any interest, directly or indirectly, in BHR or Skaneateles” “.

Vincent Zhou, a spokesman for China Molybdenum, said: “We do not know Hunter Biden, nor do we know about his involvement in the BHR.

The Times report said they tried to get The White House reacted and phrased its response this way: “When asked if the president was made aware of his son’s connection to the sale, a White House spokesman said, ‘No. “



https://www.westernjournal.com/hunter-bidens-investment-firm-helped-china-gain-strangle-hold-1-precious-resource/ Hunter Biden’s investment firm helped China profit from a precious resource

Huynh Nguyen

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