Cobalt has become a critical metal in the energy markets and demand is expected to grow as governments look to alternative energy sources to match the world’s increasing energy needs. Cobalt is used in the production of solar panels as well as in blades and magnets for wind turbine engines. The majority of demand for the metal comes from the battery industry where it is used in nickel metal hydride batteries and lithium-ion batteries. The U.S. Department of Energy is now encouraging domestic Cobalt mining to secure stabile supplies.
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