US Cancels $500 Million Cobalt Tender Amid Critical Minerals Uncertainty

Post Views: 300 Cobalt Tender Cancellation Cobalt Tender Cancellation Marks a Blow to US Critical Mineral Strategy The United States has abruptly canceled its $500 million cobalt tender, sending ripples through the battery metals market. The Defense Logistics Agency (DLA) first announced the plan in August, aiming to secure up to 7,500 tons of cobalt over five years. The contract would have been the US government’s first major cobalt acquisition since 1990. However, after extending the offer deadline several times—from August 29 to October 15—the DLA abruptly scrapped the tender. According to ...