U.S. cancels USD 500 million cobalt tender, setback for critical minerals strategy

On October 15, the U.S. Department of Defense announced it has canceled its long-awaited plan to buy up to USD 500 million worth of cobalt, which would have marked Washington’s first major cobalt purchase since 1990.
The Defense Logistics Agency (DLA) confirmed the cancellation in a notice saying there are “outstandi....

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