The first — and only — cobalt mine in America in decades opened Friday in Idaho amid rising demand for the unique metal, a key component in electric vehicle batteries and battery storage.
Why is Idaho Cobalt Mining important?
Not far from the famed Salmon River, the mine is the latest reminder of the environmental quandary for the United States and world as economies shift away from fossil fuels and toward greener energy. Electrifying transportation will require massive amounts of new mining. Part of the mineral processing equipment at Idaho Cobalt Operations.
Who is the world's largest cobalt-producing mining company?
1. Glencore (LSE:GLEN,OTC Pink:GLCNF) Total production: 25,320 MT Glencore is the world’s largest cobalt-producing mining company by a long shot, achieving estimated total production of 25,320 metric tons (MT) in 2021.
