P&A Providers & Administrators
MenuMENU
SearchSEARCH

U.S. Cobalt Mine Opens to Feed EV Appetite

First such mine in the country for decades could be followed by others in Idaho region.

October 7, 2022
U.S. Cobalt Mine Opens to Feed EV Appetite

Cobalt is an essential element in electric vehicle batteries.

IMAGE: Getty Images/urbazon

1 min to read


Decades after the last U.S. cobalt mine closed, an Idaho mine has opened to help meet increased demand for electric car batteries.

As the U.S. government pushes for more North America production of EV batteries and the raw materials required to make them, more plants are cropping up here.

Ad Loading...

The new cobalt mine, owned by Jervois Global in Australia, could be joined by at least half a dozen others that have applied for permits from the U.S. Forest Service to operate in the Salmon-Challis National Forest, which is on the Idaho Cobalt Belt.

Cobalt is an essential ingredient for lithium-ion batteries that go in EVs.

The U.S. is encouraging construction of a North American EV supply chain via federal tax credits for EVs built in North America, with batteries made on the continent, and with battery minerals made or recycled here. The push is intended to eliminate the country’s dependence on Asia, particularly China, for EV batteries and materials.

A U.S. delegation met with Mexican government officials in September to encourage integration of the two countries' supply chains and to expand EV production by way of Mexico’s nationalized lithium industry.

DIG DEEPER: Biden Announces Funds for EV Chargers at Auto Show

Originally posted on Auto Dealer Today

More Industry

Photo of gray SUV plugged into public electric-vehicle charger in parking lot
Industryby Hannah MitchellJuly 21, 2026

World EV Adoption Set to Grow

A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.

Read More →
Bar chart of truck and SUV segments' weekly value change
Industryby StaffJuly 21, 2026

Black Book: Weekly Market Update

Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.

Read More →
laptop with blue car on screen on a shopping website, Clear Costs Convert
Industryby Lauren LawrenceJuly 21, 2026

Pricing Transparency Drives Purchase Consideration

An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.

Read More →
Ad Loading...
Bar graphic of used-car segment weekly change
Industryby StaffJuly 14, 2026

Black Book: Weekly Market Update

Used-vehicle market depreciation was the prevailing story in the wholesale market last week.

Read More →
Light-blue Fiat car parked on a sunny Chicago street
Industryby Hannah MitchellJuly 14, 2026

Smaller Is Looking Better

A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.

Read More →
man sitting at desk using calculator with charts in front of him, to-go coffee cup on desk, rising and falling data chart in front
Industryby Lauren LawrenceJuly 14, 2026

U.S. EV Market Slowly Stabilizes

U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.

Read More →
Ad Loading...
blue background, map of the world with connecting lights and an electric vehicle emblem in the middle
Industryby Lauren LawrenceJuly 8, 2026

Global EV Market Entering New Phase

Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.

Read More →
Bar chart showing week-over-week wholesale automotive price change
Industryby StaffJuly 7, 2026

Black Book Weekly Market Update

The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.

Read More →
Photo of Honda CR-V SUV on two-lane road next to roadside trees
Industryby Hannah MitchellJuly 1, 2026

Auto Affordability in Context

Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.

Read More →
Ad Loading...
Line chart of used-vehicle days to turn over past week
Industryby StaffJune 30, 2026

Black Book: Weekly Market Update

Automotive auction inventory increased last week, giving choosy bidders even more leeway.

Read More →