US Cancels $500 Million Cobalt Tender in Critical Minerals Blow

The US Defense Department's recent cancellation of a $500 million cobalt tender highlights the ongoing difficulties Western nations face in securing domestic supplies of this critical battery metal. This decision not only reflects the challenges in the supply chain but also raises concerns about the future of electric vehicle production and renewable energy initiatives that rely heavily on cobalt. As countries strive for energy independence and sustainability, such setbacks could hinder progress and innovation in the green technology sector.