For these economies, mining exports (minerals, ores, and metals) are the primary category of goods sent abroad.
Chinese companies are expected to control 46% of the cobalt supply by 2030.
The Democratic Republic of Congo accounts for 74% of the world's cobalt output.
Chile and Peru account for one-third of the world's copper output.
Cobalt, an essential component for certain types of EV batteries, has seen a significant shift in its global production landscape.