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I haven't heard of any link between cobalt and war; though anything of value has potential for conflict. What I have heard is that Congo is poor, and their working conditions are below the standards most of us in wealthy countries would consider acceptable. The problem isn't Cobalt, it is the situation in Congo.
If I were a betting person, I'd bet that cobalt mining in Congo is a net benefit to them than a net negative. It's unrealistic to expect an individual or a nation that has very little to instantly rise to the standards we're accustomed to. As long as they aren't pursuing a nuclear weapons program to aim at us, money going to Congo sounds fine to me.
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