Episode
Cobalt Plant Delay, Funding Hunt, Job Boost
- Published
- May 14, 2026
- Duration seconds
- 96
- Processing state
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Summary
EVelution Energys cobalt processing plant in Arizona delayed until 2027, now aiming for 2029 completion. Secured $850M deal with Mitsui for cobalt sales, expanding output to cobalt metal. Project promises 3,300 jobs and $1B economic boost, but faces challenges from cheap Chinese imports and permit acquisition. Seeking funding from Export-Import Bank and private investors, with plans for a green, solar-powered facility. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/1b1d6096c676a33b