Sweden steps up hunt for cobalt as electric cars boost demand

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The mineral-rich country has a history of mining copper, iron, silver and gold

Sweden will step up efforts to find precious minerals such as cobaltand lithium, key battery components that are increasingly in demand among makers of electric vehicles.

Chek 5eThe government will invest 10m kronor (£892,483) over the next two years to map the existence of minerals deemed important for future growth.

While Sweden has a history of mining for base metals, the Geological Survey of Sweden, a government agency, believes there’s potential for expanding the output of more uncommon minerals like tungsten and…

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