Cobalt is a crucial component in EV batteries and is on the US...

Cobalt is a crucial component in EV batteries and is on the US government’s critical minerals list.Last week, the US and Canada struck a deal that will see companies with critical minerals projects from both countries be eligible this spring for financial aid from a $US250 million fund.This week Japan and the US reached agreement on electric vehicle battery minerals that will strengthen battery supply chains and granting Japanese automakers wider access to the new $US7,500 US electric vehicle credit contained in the Inflation Reduction Act of 2022 and the $US369 billion in assistance to green and renewable businesses and products such as solar panels and EVs. QUOTE
COB has shown great initiative to prove up processing technology to reduce cost that will be relevant to offtake partners as they evaluate their potential investments. The ability to patiently work through all of the necessary work to prove up the Broken Hill plant will pay dividends in the near future IMO

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