Hunter Biden reportedly benefited from a Chinese firm acquiring cobalt mines from an American company days after President Joe Biden confessed the nation is losing its edge with China.
Hunter is part-owner of a Chinese company that recently made a $3.8 billion purchase of one of the world’s largest cobalt mines, according to The New York Times.
Cobalt is one of the main materials needed in making batteries for electric vehicles, one of the major areas of focus in President Biden’s first year in office.
“Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company,” the Times wrote.
“The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit,” the report added.
🔴 An investment firm linked with Hunter Biden “helped” a Chinese company gain control of one of the world’s most valuable cobalt mineshttps://t.co/Y2UkFe064A
— The Telegraph (@Telegraph) November 21, 2021
The report has led to Colorado Republican Rep. Ken Buck to call for an investigation.
“I have called for AG Garland to appoint a special counsel to investigate Hunter Biden’s corrupt business dealings. This new report shows exactly why it’s necessary,” Buck tweeted.
I have called for AG Garland to appoint a special counsel to investigate Hunter Biden’s corrupt business dealings. This new report shows exactly why it’s necessary. https://t.co/9S0HR5reWs
— Rep. Ken Buck (@RepKenBuck) November 21, 2021
Just when you thought Hunter was done causing problems, new information seems to indicate he continues to gain an advantage from his father’s role in office.