Home » Internet, Picture Gallery » Cobalt – a special raw material

Cobalt – a special raw material





 

Electric car batteries need cobalt, among other things. Currently, a ton of cobalt costs almost 82,000 US dollars.

The price for cobalt refers to trading on the London Metal Exchange and applies to cobalt with a purity content of at least 99.8 percent. As recently as January, a ton was available for around US$70,200. The largest cobalt reserves exist in the Democratic Republic of Congo, which is also the largest cobalt producer. However, the country is not politically stable. The second largest cobalt supplier is Australia, although production is significantly lower than from the Congo. Mostly, cobalt is a by-product of copper or nickel mining. Incidentally, Russia ranks fifth in terms of cobalt reserves. Cobalt is one of the most sought-after raw materials on earth. A strong increase in demand is expected due to the booming electromobility.

Lithium-ion batteries used in e-vehicles, but also many other electronic devices, thus need cobalt. For example, around 41 percent of cobalt goes into battery production. A battery in an electric car gobbles up about nine kilograms of cobalt. If the pandemic recedes into the background, the number of newly registered electric cars continues to rise and the aviation industry also picks up speed again (cobalt is also used there), then cobalt demand should only know one path, namely upward.

And cobalt is not only available in the Congo, but also in Ontario at the Canada Nickel Company – https://www.youtube.com/watch?v=yfZ3XroenBs -, for example. Its Crawford project contains high-grade cobalt, in addition to nickel.

Also in Finland, Mawson Gold\-s – https://www.youtube.com/watch?v=CUWlpDzhTvw – Rajapalot project has cobalt in addition to gold. A first preliminary assessment for the project is already available.

Current corporate information and press releases from Mawson Gold (-https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer:

The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also

applies: https://www.resource-capital.ch/en/disclaimer/





Posted by on 27. April 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

You must be logged in to post a comment Login

Archive

Recent Comments

    © 2022 So-Co-IT. All Rights Reserved. Log in - Copyright by LayerMedia


    Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de Bloggeramt.de