Rare Earth Miner Stocks Slammed After U.S. Defense Department Cancels Cobalt Purchase Rare earth and battery metal stocks are tumbling today after the U.S. Defense Department abruptly canceled a high-profile tender to buy cobalt – at least for now – cutting short a torrid rally that had lifted the sector over the past several months. However, it looks as though the cancellation may only be temporary, which if true the market is certainly overlooking… Cobalt producers and related mining stocks had surged as prices more than doubled since February, fueled by export restrictions in the Democratic Republic of Congo — which… — Continue at ZeroHedge News : Read More
