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

F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →