Recent reports reveal that the United States has explored the possibility of acquiring cobalt for its defense stockpiles as part of efforts to decrease dependency on China, a dominant force in cobalt processing essential for various defense applications. While the Defense Logistics Agency (DLA) did not include cobalt in its current stockpiling plans, discussions indicate potential future considerations despite the recent decision against immediate purchases.
Cobalt plays a critical role in manufacturing missiles, aerospace components, communication magnets, radar systems, guidance systems, and electric vehicle batteries, aligning with the nation’s strategic goals for national security and energy transition. The heightened interest in cobalt acquisition stems from concerns over China’s stronghold on cobalt processing and the need to diversify supply chains for critical materials.
DLA spokesperson Joe Yoswa emphasized that stockpiling decisions are based on biennial assessments of National Defense Stockpiles (NDS) requirements, with cobalt not currently identified as a vulnerability necessitating immediate stockpiling. However, any future changes in circumstances could prompt a reassessment and recommendations to the Undersecretary of Defense for Acquisition and Sustainment.
The push to evaluate cobalt acquisition was partly driven by a congressional letter urging the prioritization of domestically refined cobalt procurement to enhance national security and reduce reliance on imported supplies. Lawmakers highlighted the risks associated with heavy dependence on foreign sources, particularly China, underscoring the need for bolstering U.S. cobalt reserves.
Despite challenges such as price fluctuations and market dynamics impacting cobalt production, stakeholders remain committed to securing domestic sources and fortifying the nation’s critical mineral supply chain. The suspension of Jervois Global’s Idaho cobalt operations underscores the complexities in establishing primary cobalt mining facilities within the U.S., reflecting broader industry challenges.
As the U.S. navigates strategic decisions regarding cobalt stockpiling, ongoing efforts to address supply chain vulnerabilities and enhance domestic production capabilities are crucial for safeguarding national interests and promoting self-sufficiency in critical mineral resources.