Good timing for COB that will be looking to supply the US market...

Good timing for COB that will be looking to supply the US market with Cobalt Sulphate. This 25% US tariff, combined with the proposed 10% critical mineral tax rebate from the Australian government should make Australian cobalt more competitive as an IRA compliant source.

Link to full article.

The US plans to impose 25pc tariffs on Chinese minerals including indium, tantalum, chromium, cobalt and tungsten, citing China's efforts to dominate global supply chains, according to the office of the US Trade Representative (USTR).

The USTR determined not to exclude any critical minerals from the proposed Section 301 tariffs. The USTR said the concentration of mining and refining capacity of these minerals in China, as well as China's effort to dominate the global supply chains for these minerals, endangers US national security and clean energy goals.

The Section 301 tariffs on indium, tantalum, chromium, cobalt, and tungsten will go into effect on 27 September. Tariffs on natural graphite and permanent magnets will go into effect on 1 January 2026.