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The US doesn’t refine cobalt — this startup wants to change that
The U.S. doesn't currently refine cobalt, a valuable material in a number of goods and products. This startup wants to change that.
The world’s largest reserves are in the Democratic Republic of Congo, where mining has long been laced with human rights abuses, and 72% of the metal is refined in China. The U.S. military is dependent on Cobalt for lithium-ion batteries that power drones and other devices, and also for the alloys inside jet engines and magnets for missile guidance systems. “Everybody’s been worried about [China’s leverage], but now they’ve actually shown that they’ll cut off critical minerals,” John Busbee, co-founder and CEO of Xerion Advanced Battery Corp., told TechCrunch.
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