DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Cobalt Crunch: US Military's $500M Deal Derailed
Cobalt Crunch: US Military's $500M Deal Derailed

Cobalt Crunch: US Military's $500M Deal Derailed

Update: 2025-10-16
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Pentagon abruptly cancels $500M cobalt deal, raising alarms about US reliance on China for critical battery metal. Was this a setback for securing America's electric vehicle and defense supply chains, or just a contracting snag? Find out why the US government's first major cobalt purchase in decades imploded and what it means for the future of American mineral independence.

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Cobalt Crunch: US Military's $500M Deal Derailed

Cobalt Crunch: US Military's $500M Deal Derailed