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DoD to build $500M cobalt stockpile

US military taps Glencore, Sumitomo and Vale as possible suppliers of 7,480t of cobalt

James Stent
Glencore's Nikkelwerk operation in Norway

Glencore's Nikkelwerk operation in Norway | Credits: Glencore

The Defense Logistics Agency (DLA) in the US Department of Defense (DoD) plans to acquire alloy-grade cobalt worth up to US$500 million, according to a contract published on Wednesday (August 20). The...

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