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Story summary
- The Defense Logistics Agency (DLA) plans to buy cobalt for the National Defense Stockpile.
- The agency has no date to reissue the tender.
- The initial tender sought 16.49 million pounds over five years.
- Cobalt prices have risen about 50% since August, now around $24 per pound, prompting DLA's first cobalt stockpiling effort in over 30 years to bolster national security and reduce reliance on China.
