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Tin, tantalum, tungsten and gold. All of these minerals are found in our electronics and all are considered conflict minerals, due to their potential origin in the Democratic Republic of Congo. While the African country contains an estimated $24 trillion in untapped mineral resources, it remains mired in poverty and violence, and mining these four metals can help fund armed conflict in the region.

But the metals are integral to consumer electronics. In a smartphone, for example, tin is used to solder metal components together, while tantalum is used in capacitors, which store electrical energy. Tungsten is used in the components that make a phone vibrate, and gold is used in circuit board connectors.

In the past decade, African countries, intergovernmental organizations and companies have ramped up their efforts to clean up mineral supply chains. But consumers still can’t be sure if the minerals in their electronics are fully conflict-free, or if the mines where they originated are dangerous, environmentally destructive, or use child labor.

“The whole process is muddied,” says Oluwole Ojewale, the Regional Organized Crime Observatory coordinator for Central Africa at the Institute for Security Studies in Dakar, Senegal.

That’s largely because in the DRC and surrounding countries, hundreds of thousands of people work in the informal mining sector, toiling away using hand tools in what are known as artisanal and small-scale mines. This type of mining can be hazardous and difficult to regulate, but it’s also one of the few sources of income available to some of the world’s poorest men and women.

So while companies like Apple, Microsoft, Intel and Tesla put out extensive reports on conflict minerals every year, usually stating that there is no reason to believe the minerals they source help to support armed groups, corruption and instability at mine sites means there are no guarantees.

Apple, Intel and Tesla did not reply to requests for comment, while a Microsoft spokesperson stated, “Microsoft remains committed to responsible and ethical sourcing and takes this issue very seriously.”

“You have the international market that has these perfect standards,” explains Joanne Lebert, the executive director at IMPACT, a nongovernmental organization focused on improving natural resource governance in areas where security and human rights are at risk.

“They want perfect environmental conditions. They want all the development factors taken in, like gender equality and anti-corruption and this and that. They want the perfect package, but that’s not the situation on the ground,” Lebert said.

The situation on the ground

Artisanal miners in the South Kivu Province of the Democratic Republic of the Congo mining cassiterite, the primary ore of tin.

GRIFF TAPPER/AFP via Getty Images

Only about 2% of the world’s tin, tungsten and gold comes from the DRC and surrounding countries, so mining these minerals doesn’t usually help fund armed conflict. But 67% of the world’s tantalum comes from the DRC and Rwanda. And the eastern DRC, where these minerals are found, is mired in violence stemming from historical tensions between the Hutu and Tutsi ethnic groups.

After the Second Congo War ended in 2003, a transitional government was unable to contain armed groups who perpetrated violence against civilians, thus giving rise to self-defense militias. Today, rampant poverty, corruption, and institutional chaos continues to drive many Congolese to join one of the over 120 armed groups operating in the eastern DRC.

“Before the artisanal miners can access the coltan mines or other places, they have to pay taxes to the armed group,” Ojewale said. Coltan is the metallic ore from which tantalum is extracted.

Beyond taxation, these groups fully take over some mines, either extracting the ore themselves or using forced labor, purchasing arms with the proceeds. And conditions in artisanal mines can be quite dangerous. 

I think in the past four or five years, every year we’ve had people being buried underground,” said Nicolas Kyalangalilwa, a pastor and civil society leader in Bukavu, a city in the eastern DRC. “So, it is a very dangerous job, both from a security side, from a financial stability side, from a health and safety side.”

Such conditions also apply to other minerals found in the DRC, like cobalt, which is surging in demand due to its importance in batteries for electric vehicles. Around 70% of the world’s cobalt is mined in the relatively safer southern DRC. It may not be benefiting armed groups, but there are still concerns over working conditions and the use of child labor.

Efforts to trace minerals

With the passage of the Dodd-Frank Act in 2010, U.S. companies are required to disclose their use of conflict minerals.

“If you’re a big company, you’re a name brand, you’re consumer-facing, you can easily spend a million on this,” explained Chris Bayer, principal investigator at the nonprofit International Development. “And the big brands that we all know, they would spend a lot more.”

This has given rise to a web of organizations working to trace and verify supply chains. For example, Apple, Microsoft, Tesla, Intel, Samsung and hundreds of other companies are members of the Responsible Minerals Initiative, which maintains a list of smelters and refiners that have undergone an independent audit to ensure that they’re sourcing responsibly. In its most recent conflict minerals report, Apple said it has removed 163 smelters and refiners from its supply chain since 2009, including 12 in 2021. 

Then there are the organizations actually doing on-the-ground tracing and due diligence at mine sites. The International Tin Supply Chain Initiative is the main player in the DRC and surrounding region, working in over 2,000 mines. The organization trains government agents to tag and seal bags that come from registered mines. But no system is foolproof, and if agents are corrupt, they might accept minerals from outside, unregistered mines and tag them anyway. 

“You also have the issue where the agents were actually selling the tag to other mines,” says Guillaume de Brier, a natural resources researcher at the International Peace Information Service. “At the end, even when the system was working, those minerals were melted with the minerals from other mines.”

Ultimately, it’s just really hard to stop bad actors in the system. But experts say the answer is not boycotting minerals from the DRC or from artisanal and small-scale mines overall.  

A woman in the South Kivu Province of the Democratic Republic of the Congo breaks stones that contain cassiterite, the primary ore of tin.

Tom Stoddart/Getty Images

“If we recognize, for example, that artisanal mining is the most important rural, non-farming activity, employing tens of millions throughout Africa, generally, 30 to 40 percent of which are women, making sure that we’re decriminalizing that and recognizing that as legitimate is the first step to supporting them,” Lebert of IMPACT said.

Lasting change will likely only come when the DRC stabilizes.

“Ultimately the conditions that we see on the ground or the human rights issues that are of concern to us all are very much linked to governance, poverty,” Lebert said. “We need to get at these more systemic issues if we want to see lasting changes in supply chains, not just de-risking in the short or medium term for a company’s benefit.”

Watch the video to learn more about why it’s so difficult to rid the supply chain of conflict minerals.

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AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO

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AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO

Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.

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LONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years.

The company told CNBC it is targeting major global expansion as it prepares for an initial public offering.

“We expect to build more hubs in Europe, Asia and South America, and just keep scaling,” Mati Staniszewski, ElevenLabs’ CEO and co-founder, told CNBC in an interview at the firm’s London office.

He identified Paris, Singapore, Brazil and Mexico as potential new locations. London is currently ElevenLabs’ biggest office, followed by New York, Warsaw, San Francisco, Japan, India and Bangalore.

Staniszewski said the eventual aim is to get the company ready for an IPO in the next five years.

“From a commercial standpoint, we would like to be ready for an IPO in that time,” he said. “If the market is right, we would like to create a public company … that’s going to be here for the next generation.”

Undecided on location

Fundraising plans

ElevenLabs was valued at $3.3 billion following a recent $180 million funding round. The company is backed by the likes of Andreessen Horowitz, Sequoia Capital and ICONIQ Growth, as well as corporate names like Salesforce and Deutsche Telekom.

Staniszewski said his startup was open to raising more money from VCs, but it would depend on whether it sees a valid business need, like scaling further in other markets. “The way we try to raise is very much like, if there’s a bet we want to take, to accelerate that bet [we will] take the money,” he said.

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U.S. lifts chip software curbs on China amid trade truce, Synopsys says

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U.S. lifts chip software curbs on China amid trade truce, Synopsys says

Synopsys logo is seen displayed on a smartphone with the flag of China in the background.

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The U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. 

“Synopsys is working to restore access to the recently restricted products in China,” it said in a statement

The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China. 

The U.S. Commerce Department did not immediately respond to a request for comment from CNBC.

The news comes after China signaled last week that they are making progress on a trade truce with the U.S. and confirmed conditional agreements to resume some exchanges of rare earths and advanced technology.

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Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

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Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

The Datadog stand is being displayed on day one of the AWS Summit Seoul 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 16, 2024.

Chris Jung | Nurphoto | Getty Images

Datadog shares were up 10% in extended trading on Wednesday after S&P Global said the monitoring software provider will replace Juniper Networks in the S&P 500 U.S. stock index.

S&P Global is making the change effective before the beginning of trading on July 9, according to a statement.

Computer server maker Hewlett Packard Enterprise, also a constituent of the index, said earlier on Wednesday that it had completed its acquisition of Juniper, which makes data center networking hardware. HPE disclosed in a filing that it paid $13.4 billion to Juniper shareholders.

Over the weekend, the two companies reached a settlement with the U.S. Justice Department, which had sued in opposition to the deal. As part of the settlement, HPE agreed to divest its global Instant On campus and branch business.

While tech already makes up an outsized portion of the S&P 500, the index has has been continuously lifting its exposure as the industry expands into more areas of society.

DoorDash was the latest tech company to join during the last rebalancing in March. Cloud software vendor Workday was added in December, and that was preceded earlier in 2024 with the additions of Palantir, Dell, CrowdStrike, GoDaddy and Super Micro Computer.

Stocks often rally when they’re added to a major index, as fund managers need to rebalance their portfolios to reflect the changes.

New York-based Datadog went public in 2019. The company generated $24.6 million in net income on $761.6 million in revenue in the first quarter of 2025, according to a statement. Competitors include Cisco, which bought Splunk last year, as well as Elastic and cloud infrastructure providers such as Amazon and Microsoft.

Datadog has underperformed the broader tech sector so far this year. The stock was down 5.5% as of Wednesday’s close, while the Nasdaq was up 5.6%. Still, with a market cap of $46.6 billion, Datadog’s valuation is significantly higher than the median for that index.

— CNBC’s Ari Levy contributed to this report.

CNBC: Datadog CEO Olivier Pomel on the cloud computing outlook

Datadog CEO Olivier Pomel on the cloud computing outlook

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