Cobalt's Importance Underscored by Critical Minerals Listing, Rising EV Sales

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The United States - and the entire world - have become critically dependent on cobalt , which is essential for rechargeable lithium ion (Li-ion) batteries to retain and discharge electricity.

In May, cobalt was added to the United States' list of minerals critical to its security and economic prosperity. Far beyond laptops, phones and electronic gadgets, the Li-ion battery is increasingly important for electric grid power storage and the revved-up electric vehicle market, as well as military applications such as tactical radios, thermal imagers, portable computing and turbine blades in gas turbines and aircraft jet engines.



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