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Maybe it's time to reopen the cobalt mines close by here [1]. Today it's a museum but at one point it supplied 80% of the worlds cobalt needs, mainly for colour
by tyfon 9y ago
Maybe it's time to reopen the cobalt mines close by here [1].
Today it's a museum but at one point it supplied 80% of the worlds cobalt needs, mainly for colouring.
I wonder at what price level it would become profitable again. It was closed in 1898.
[1]https://en.wikipedia.org/wiki/Blaafarvev%C3%A6rket https://en.wikipedia.org/wiki/Blaafarvev%C3%A6rket
- greglindahl 9y agoLong-term contracts are one of the better ways to encourage new supplies. There are a couple of new lithium mines in the US/Mexico which opened after signing contracts with Tesla. Cobalt is a small enough % of the price of things that use LiIon batteries that it's a good candidate for paying extra to ensure a reliable, non-conflict-area source.