The only cobalt mine in the United States, located in northern Idaho, remains dormant as Chinese competitors flood global markets with cheap cobalt supplies Jervois Global, which owns the mine, watched cobalt prices plummet last year after China's CMOC Group opened the Kisanfu mine in the Democratic Republic of Congo, driving global production to an all-time high The Idaho site, acquired by Jervois in 2019, was idled in June 2023, just weeks before its planned opening, resulting in over 250 job losses
Please login to your account to read an unabridged text.
If you don't have an account, you can create it free by registering here.
Source and Credit: mining.com
