The reality is that our world is facing a future shortage of the minerals required to make the transition to clean energy. Copper, arguably the most important energy transition metal, is facing a dire shortage. Copper consumption by green energy sectors globally is expected to jump fivefold in the next decade. And other important metals are also in short supply.According to a report by Wood McKenzie, mining companies will need to spend $1.7 trillion over the next 15 years to supply enough lithium, graphite, cobalt, and nickel to shift to a low-carbon world.Billionaire mining financier Robert Friedland, a client from my old investment-banking days, recently told me, “We’re sitting on a cliff with most existing copper mines suffering from declining grade and production while discovering and developing new mines is getting ever more difficult due to socio-environmental concerns and a lack of investment in exploration to find the next generation of long-life deposits. QUOTE
COB is in a strategic position, cobalt along with other minerals will see strong demand in the future IMO
https://www.thestar.com/business/the-dirty-truth-about-why-we-need-mining-if-we-want-a-cleaner-world/article_c7f890a8-8422-5563-bcc8-9b613f79c162.html
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.57M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $20.47K | 383.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 324017 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.4¢ | 86895 | 2 |
View Market Depth
No. | Vol. | Price($) |
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11 | 324017 | 0.052 |
5 | 397019 | 0.051 |
19 | 961826 | 0.050 |
1 | 300000 | 0.049 |
2 | 161999 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 69895 | 1 |
0.055 | 17562 | 1 |
0.058 | 181341 | 5 |
0.060 | 100000 | 1 |
0.061 | 133515 | 2 |
Last trade - 15.57pm 31/07/2025 (20 minute delay) ? |
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