Another important metal is choking the U.S. War Department, a multi-billion-dollar procurement contract has been canceled.
According to Bloomberg on October 18, as the U.S. War Department's plan to procure 7,500 tons of cobalt over the next five years, the bid was canceled because it could not gather three bidders. On Friday, the stock prices of rare earth metals, new energy battery, and military enterprises that use cobalt heavily in the U.S. stock market fell sharply.
The Democratic Republic of the Congo, which accounts for more than 78% of global cobalt exports, after canceling cobalt export controls and switching to a rationing system, the cobalt price has increased by more than double, resulting in a current annual global cobalt demand gap of more than 3,000 tons. In the short term, with a large amount of cobalt mines in eastern DR Congo controlled by Rwanda, the U.S. key strategic metal reserve plan can only be a dream, after all, no one wants to hold a golden bowl begging for food. Let the Pentagon worry for a while!
Original: www.toutiao.com/article/1846362288299020/
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