Reported about 12 hours ago
U.S. companies are purchasing cobalt produced by China's Lygend Resources in Indonesia, which avoids the tariffs imposed by the Trump administration on Chinese imports. This cobalt, a crucial component in electric vehicle batteries, is sold at lower prices to U.S. buyers as they face increased tariffs on supplies from China and Canada. Cobalt shipments from Indonesia have surged, reflecting a shift in sourcing amid tariffs and global market dynamics.
Source: YAHOO