Thursday, September 12, 2024

blood cobalt

,,,,,,,

there is cobalt that could be mined in Idaho.

so why did America's cobalt mine get shut down? NPR:

Closed before it opens

 

But then, something rather shocking happened. The price of cobalt–around $40 a pound in early 2022–started to drop. The price fell from $40 a pound to $35. It was at $25 a pound by the time everyone was gathered in the mountains of Idaho for the ribbon-cutting.

of course, since this, like other minerals or industries, are vital to America's economy, there is an argument that the government should subsidize these industries.

the white house put out this policy paper discussing the problem. in 2022 and how the government grants could help, and how to streamline regulations that are stopping mining etc.

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