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.

Cobalt is an essential element in electric vehicle batteries.
IMAGE: Getty Images/urbazon
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.
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 F&I

The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →