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This Chart Explains Why the U.S. Just Invested $25 Million in a Company That Will Help Diversify Its Supply of Cobalt

Image via Bloomberg

The United States Development Finance Corporation invested $25 million in a company that will help to develop a Brazilian nickel and cobalt mine. The U.S. and a growing number of European countries are becoming increasingly concerned about China’s dominance of the global cobalt supply chain, given the element’s strategic importance to vital industries including electric vehicles and aerospace among others.

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