Group 1 - The Democratic Republic of the Congo (DRC) is considering extending its cobalt export ban, which is set to expire in late June, amidst signals of tightening regulations [1][3] - China has made significant investments in the DRC, with over $56.9 billion invested in the past decade, establishing a full industry chain from mining to refining, and controlling 80% of global cobalt refining capacity [7] - The DRC's copper and cobalt exports account for approximately 40% of its GDP, with bilateral trade with China projected to reach $27 billion in 2024, compared to only $820 million with the U.S. [1] Group 2 - The DRC government is attempting to leverage its strategic mineral resources by proposing a "minerals for security" agreement with the U.S., aiming to challenge China's dominance in the region [3] - U.S. involvement in the DRC's mineral resources is primarily aimed at countering China's influence, rather than providing genuine security guarantees [3] - The DRC's local companies are currently receiving minimal profits from the industry chain, highlighting the need for a shift from being mere sellers of minerals to becoming processors [7] Group 3 - If the cobalt export ban is extended until the end of the year, global LFP battery production capacity could drop by 40%, prompting companies like BYD and CATL to explore cobalt-free battery options [8] - The DRC's decision to potentially align with the U.S. while considering an extension of the export ban places it in a precarious position, risking the loss of stable orders from China [8][10] - The DRC holds 70% of the world's cobalt reserves, emphasizing the importance of making strategic decisions that favor its own interests [10]