Just a little bit if info. Cobalt is now selling at us $110,000 /ton? Price rising due supply/ demand squeeze escalating. It takes 2.5 kilos of cobalt to make the lithium ion batteries for a little Prius and probably twice that for the new hybrids being pumped out in the US. Selling v well. Cobalt is used in lithium ion batteries, ie laptops, mobiles etc. and total world production is only about 64,000 tons pa. That should be a nice little earner from day one when the CMR plant kicks into production. You already know about the copper. Nice entree. Cobalt promises to be one of the hottest metals in the next decade, because of what its used for. It isnt exactly easy to find and produce.
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
