US military announces $20m grant to build cobalt refinery in Canada

The US military has made its largest investment in Canada’s mining sector in decades, spending millions amid a looming battle among nations to control the supply of cobalt.

On Tuesday, the Pentagon announced a $20m grant to help build a cobalt refinery in the province of Ontario, saying the investment will “create a more robust industrial base capable of meeting growing demand across both the defense and commercial sectors”.…

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