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Cobalt is one of the raw materials for the green revolution





 

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Formerly used as a dye, cobalt is now a valuable raw material in the field of lithium-ion batteries.

The metal\-s properties are not only valued in rechargeable batteries, but they also provide strength in superalloys, coatings or cutting tools. Cobalt has the ability to withstand high temperatures. It helps to avoid possible fires in the batteries, and it increases the lifetime of the batteries. It also solves problems related to corrosion and cell pressure. As not only the number of electric vehicles increases, but also other electronic products that contain rechargeable batteries, the demand for cobalt will continue to grow.

Cobalt mostly comes from Congo, a not-so-easy country in terms of sustainability and mining. In 2021, the country was responsible for around 71 percent of global production. Other producing countries are Australia or Canada, although these countries only contribute a few percent to global production. Cobalt is often a by-product of copper and nickel mining. Since cobalt is an indispensable raw material for electric cars and for technology companies, which is increasingly needed, the interest of the investment community has also risen sharply. Climate neutrality just doesn\-t work without substances like cobalt.

As a result, many industries expect demand to continue to rise. Innovative projects around the world need strategic raw materials just like cobalt. The phase when the metal was used for painting and decorating is definitely over. The extraction of cobalt is not easy and therefore expensive.

Cobalt and also nickel is held, for example, by the Canada Nickel Company in Ontario at its Crawford project. Carbon capture and storage will be a particular component of the project.

In Finland, in addition to gold, there is also cobalt in the ground at Mawson Gold\-s – https://www.youtube.com/watch?v=0UQ75RKh1zY – Rajapalot project.

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 10. January 2023. 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

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