Cobalt is a key component in lithium-ion batteries and is generally found alongside copper and nickel deposits.
In this article, Cobalt Blue’s CEO (Joe Kaderavek) estimates as much as 300,000 tonnes of cobalt could have been left behind in forgotten mine waste over the past century, when metals for batteries were not in high demand.
Cobalt Blue is examining the potential to extract cobalt from mine waste.
If you have a subscription to the Financial Times, read the full article here.