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10:21
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Originally posted by YEATESY
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Civaro, I don't have much idea in relation to the processing method, recovery rate, and cost, but in simple terms the copper grade in 1.3% the cobalt grade is .07% so 18.5 times less. So completely hypothetically if recovery rates of cobalt were similar to copper, then for every tonne of copper produced there could be about 120lb of cobalt produced. At $11/lb that is an additional $1320 for each tonne of copper production (equal to .$60/lb in credits).
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Hi Yeatsy, and cobalt prices likely to go thru the roof in one to two years time as all the battery manufacturers will need to secure their supply source for those Electric Vehicles, which by the way also use 3 times as much copper as a standard car. Just IMHO though.
