US Cancels Cobalt Tender Amid Critical Minerals Challenge
The US Department of Defense has canceled a tender for cobalt procurement, highlighting the ongoing challenges Western nations face in securing critical minerals.
The Defense Logistics Agency (DLA) initially sought offers to procure up to 7,500 tonnes of cobalt over the next five years, under a contract valued at $500m, as reported by Bloomberg.
The tender deadline was extended several times, from the original date of August 29 to October 15.
The US Government’s first effort to acquire the metal since 1990.
This move marks a significant setback in the US Government's efforts to secure critical minerals.
Author's summary: US cancels cobalt tender due to mineral security challenges.