U.S. Cobalt Boom Finds its Epicenter in Idaho

October 11, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--After roughly three decades of silence, the U.S. cobalt mining and processing market is roaring again. The skyrocketing demand for the mineral, which is crucial to the production of lithium-ion batteries, now has a tangible result: A domestic mine is producing cobalt.

Industrial Info is tracking about $1.2 billion worth of active projects across the U.S. related to the mining and processing of cobalt, and more than $1.1 billion worth related to its smelting or use in lithium-ion batteries. Two such projects, from Jervois Global Limited and Electra Battery Materials Corporation, are in Idaho.

Other companies featured: General Motors Company (NYSE:GM), (), United States Strategic Metals LLC, Glencore plc and Li-Cycle Holdings (NYSE:LICY).