Jan 31, 2020
Cobaltite
Locality: Cobalt, Ontario
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Cobaltite
Locality: Cobalt, Ontario
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cobalt ore
Cobalt Ore Market
Cobalt is a very important metal,Cobalt, an important metal in cellphones, jet engines, ammunition and electric car batteries, is mostly processed in China.
The Biden administration's efforts to accelerate the adoption of electric vehicles are aimed at curbing fossil fuel consumption in the United States. However, there are limits to tax credits for Chinese-sourced parts and models with fewer minerals, and supply diversification poses challenges.
“We want the US to have 10 cobalt mines in 10 years, but I just can’t see that,” said Bryce Crocker, highlighting the difficulties of domestic cobalt production.
trademaxus
Trade the World
The Biden administration's efforts to accelerate the adoption of electric vehicles are aimed at curbing fossil fuel consumption in the United States. However, there are limits to tax credits for Chinese-sourced parts and models with fewer minerals, and supply diversification poses challenges.
“We want the US to have 10 cobalt mines in 10 years, but I just can’t see that,” said Bryce Crocker, highlighting the difficulties of domestic cobalt production.
Erythrite in a vug of massive cobalt ore.
From Bou Azer, Bou Azer District (Bou Azzer District), Tazenakht, Ouarzazate Province, Souss-Massa-Draâ Region, Morocco.
Image from Mindat, (c) Rob Lavinsky & irocks.com